South African Fintech Startup TurnStay Secures $2 Million Seed Funding to Revolutionize Travel Payments Across Africa
TurnStay secured $2 million in seed funding to enhance its platform. The funding round was led by First Circle Capital and supported by multiple investors.
TLcom reaches midpoint deployment in $5M TAPSI fund with key bet on TurnStay
TLcom Capital has deployed 50% of its $5M pre-seed fund, TAPSI. The firm backed South African travel payment platform TurnStay’s $2M seed round.
TLcom Capital Deploys 50% of $5M Pre-Seed Fund to Support Early-Stage African Startups
TLcom Capital has deployed 50% of its $5 million TAPSI fund, focusing on early-stage entrepreneurs in Africa. The fund participated in a $2 million seed round for TurnStay, a South African travel payment platform.
Yango Group launches $20 Million Venture Fund to empower African startups
Yango Ventures has launched a $20 million fund targeting early-stage startups from seed to Series B stages. The African startup ecosystem faced a downturn with investments dropping by over 50% in 2023.
Vendease restructures employee salaries, seeks fresh funding
Vendease laid off 44% of its workforce, approximately 120 employees, in January. The company has shifted to a performance-based salary system with an Equity Share Option Plan (ESOP).
