South African digital payments service provider Peach Payments has acquired customer software development firm Operativa as a going concern, in the first such deal since it closed a US$31 million funding round, led by the Apis Growth Fund II, last year. Founded in Cape Town in 2012, Peach Payments provides a complete toolkit to help businesses accept, manage and disburse payments through web and mobile. Operativa has worked with Peach Payments since 2022, building and maintaining a number of the company’s payments systems and solutions that have paved the way for Peach Payments’ rapid expansion, including integrating additional payment methods such as Apple Pay, and onboarding new merchants and banking partners. Bringing Operativa’s specialised skills and developers in-house allows Peach Payments to deliver on its growth strategy more quickly and efficiently, said said Rahul Jain, CEO and co-founder of Peach Payments. “We have always really enjoyed working with Peach Payments.
