# Moment Payco Proprietary

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/moment-payco-proprietary

- Industry: Financial Services
- Headquarters: Cape Town, South Africa
- Website: www.momentco.net
- Total disclosed funding: $22M
- Latest round: Series A (Aug 4, 2026)
- Investors on record: 7

## About

Based in South Africa, Moment Payco Proprietary Limited, dba Moment, operates as an enterprise payment infrastructure provider. The company provides omnichannel payment acceptance, billing management, revenue retention tools, and embedded financial services across Africa.

Based in Cape Town, South Africa and incorporated in 2023, Moment Payco Proprietary Limited provides payment collection, billing, and revenue retention infrastructure for African enterprise commerce. The company was incubated as a joint venture by MultiChoice Group, Rapyd, and General Catalyst, and launched in 2023 to consolidate local payment methods for businesses across Africa. As of August 2026, the company is led by CEO Joel Yarbrough. On August 4, 2026, Moment raised USD 22 million in Series A funding led by AlphaCode Venture Partners.

The company works with retailers, SaaS platforms, billers, utilities, and financial services firms to provide payment collection and billing tools. Moment’s offerings include flexible checkout, eCommerce payments, PayShap real-time payments, card payments, agent and retailer payments, bank transfers, mobile money, voucher management, layby payments, abandoned cart collection, debit order recovery, pre-check monitoring, bill presentment, APIs, and low-code or no-code onboarding. Its 51-200 employee software development team supports enterprise merchants accepting cash, cards, EFT, QR, mobile money, and recurring debits across online, in-person, and cash channels.

The company’s revenue is generated by providing payment collection, billing, checkout, and revenue retention services to merchants and enterprise billers. In a normal business transaction, a retailer, subscription platform, insurer, utility, or financial services firm contracts with Moment to accept locally preferred digital and in-person payment methods, recover failed payments, manage reconciliation, and connect tools into existing billing systems through APIs or lower-code onboarding across Africa’s channels securely.

The company will use the August 2026 funding to deepen its network, enhance its platform and accelerate expansion across Africa.

## Funding rounds

- Series A, Aug 4, 2026, $22M — General Catalyst Partners, Helios Investment Partners, Groupe Canal Plus, SA, Entree Capital, AlphaCode, Raba, MultiChoice Group Limited

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A
- Helios Investment Partners (https://capitalatlas.ai/funds/helios-investment-partners) — Series A
- Groupe Canal Plus, SA — Series A
- Entree Capital (https://capitalatlas.ai/funds/entree-capital) — Series A
- AlphaCode (https://capitalatlas.ai/funds/alphacode) — Series A
- Raba (https://capitalatlas.ai/funds/raba) — Series A
- MultiChoice Group Limited — Series A