South Africa’s TurnStay secures $300,000 to boost expansion in Africa
- TurnStay, a South African travel-focused fintech, has secured R5.4 million ($300,000) in funding from DFS Lab and Digital Currency Group.
- The fintech plans to use the funding for expansion efforts across Africa and to strengthen its position in the local market.
- TurnStay offers a localised payment experience, reducing costs for clients and improving sales conversion rates.
The funding secured by TurnStay reflects confidence in the company's business model and its potential for growth in the African travel and tourism industry. By offering a localised payment experience and reducing costs for clients, TurnStay has the opportunity to disrupt the market and attract more direct bookings. With the projected growth of the African travel and tourism market, TurnStay is well-positioned to capitalize on the increasing demand.
