Talk360 has raised $4 million in seed capital to extend its international phone operations and build an African payment platform. HAVAC led the financing round, which also included private investors such as Gabriel de Montessuss, Gaston Aussems, Marnix van der Ploeg, and Robert Kraal.
The payment platform will aggregate all of Africa’s many payment services, which are often region-specific.
Businesses will no longer need to enter into arrangements with various suppliers to cater to their regionally diverse userbases.
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According to Dean Hiine, co-founder of Talk360, the payment network would make it simple for international merchants to sell their products and services to African consumers.
“In our calling company, we discovered some specific digital payment issues in Africa. Payment channels are dispersed, and payment processes are time-consuming “Hiine stated.
“We are constructing the platform to boost our conversion rate by giving the customer a single checkout experience, and to some extent, give predictive research — to tell the preferred means of payment for that location and offer them as top options for the user.”
Talk360 allows users to make international calls that just require the caller to have the app and an Internet connection — customers on the receiving end do not require either.
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Talk360 claims to be widely used in South Africa and has teamed with Flash, a South African point-of-sale provider, to allow users to purchase airtime vouchers.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh