Renew Capital invests in a payment service provider
JOHANNESBURG, South Africa, March 25, 2025 – NjiaPay, a payment service provider (PSP), is changing the payment landscape for South African businesses. NjiaPay offers a single integration for merchants, eliminating the need to manage multiple integrations. With features like intelligent routing, built-in redundancy and centralized reconciliation and data management, NjiaPay ensures a seamless payment experience and enhanced payment success rates.
NjiaPay’s intelligent routing leverages real-time PSP performance data and AI to select the highest-performing and most affordable payment provider and method for each transaction, driving higher conversion rates and minimizing disruptions. NjiaPay then simplifies month-end reconciliations by consolidating data into a single, comprehensive and actionable report providing a unified source of truth.
“Our mission is to empower African businesses to thrive in the digital age by simplifying the complexities of payment processing,” said Jonatan Allback, co-founder and CEO of NjiaPay. “With NjiaPay, merchants can focus on growing their businesses while we handle the payment complexities.”
NjiaPay’s merchant portal provides full control over payment data, offering insightful analytics and streamlining operations through a unified interface. By addressing key challenges in Africa’s payments landscape, NjiaPay enables businesses to optimize their financial performance and operational efficiency.
“NjiaPay is tackling a major obstacle for lean teams that do not have or cannot afford dedicated payment teams to navigate payment complexity,” said Melbourne Nyamadzawo, investment analyst at Renew Capital. “By unifying integrations and optimizing payment infrastructure, NjiaPay empowers merchants to navigate the digital economy with confidence. We are proud to support NjiaPay as they scale their platform across the continent.”
With Renew Capital’s investment, NjiaPay plans to expand its platform, enhance its intelligent routing capabilities and grow its presence across Africa.