TurnStay
Latest round
- Seed
Last raised
- Aug 2025
Total raised
- $2M
Investors
- 6
About TurnStay
Based in Cape Town, South Africa, and founded in 2021 by Alon Stern and James Hedley, TurnStay operates as a financial technology company offering payment solutions for the African travel industry. TurnStay's platform, as of December 2024, has processed over 31 million transactions, saved clients costs and improved their profitability by 30%. TurnStay offers booking technology that enables African travel businesses to reduce payment processing fees, improve conversion rates, and increase direct bookings. The company’s services include an API for easy integration, allowing businesses to create customized checkout flows and settlement cycles. TurnStay’s platform also helps clients localize their payment processes, enabling them to bill international clients in their home currency and avoid high foreign exchange fees. The company’s offerings cater to a variety of payment needs, including sending payment links, processing virtual cards, and handling MOTO payments for deposits. TurnStay generates revenue through transaction-based fees and platform usage by travel merchants. The company earns income by facilitating global bookings for African travel providers, charging reduced booking and payment fees through its optimized checkout infrastructure. TurnStay also plans to onboard more regional travel operators and strengthen its presence in underserved tourism corridors, positioning itself as a leading payment and booking gateway for Africa’s travel economy.
Who invested in TurnStay
6 investors across 1 round
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Funding rounds
Seed
Aug 5, 2025
Amount
$2M
Investors
Questions about TurnStay
Who invested in TurnStay?
TurnStay has 6 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has TurnStay raised?
TurnStay has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did TurnStay last raise money?
TurnStay's most recent round on record is a Seed, in Aug 2025.
What does TurnStay do?
Based in Cape Town, South Africa, and founded in 2021 by Alon Stern and James Hedley, TurnStay operates as a financial technology company offering payment solutions for the African travel industry.
Where is TurnStay headquartered?
TurnStay is headquartered in Cape Town, South Africa.
Which VCs invest in companies like TurnStay?
Among active investors with capital left to deploy, Al Mada Innovation, DisrupTech Ventures, AXIAN Investment and Chui Ventures back financial services companies at TurnStay's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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