South-Africa based API payment and collections company Revio has raised USD 1.1 million in a seed round led by SpeedInvest to reduce payments failure in emerging markets.
The round was joined by participating investors of the likes of RaliCap Ventures, The Fund, and Two Culture Capital, with several angel investors including payment and revenue recovery experts from Sequoia, Quona Capital, and Circle Payments also being involved. This marks the company’s first institutional funding round since emerging from stealth in March 2021.
