South African Travel Fintech TurnStay Secures $300,000 in Fresh Funding
- TurnStay has secured $300,000 in funding to expand into additional African markets.
- The investment will enable TurnStay to reduce payment costs for African merchants and platforms in the travel and tourism sector.
- TurnStay offers a localized payment experience, charging clients in their home currency using familiar payment methods when booking accommodation.
The funding secured by TurnStay is a significant endorsement of their business model, which has already processed millions of dollars in transactions. Their localized payment experience and reduced costs for clients have resulted in improved sales conversion rates. This expansion will further strengthen their position in the African travel and tourism sector.
