South African fintech startup Revio raises $1.1 million to launch new products and expand into new markets

South African fintech startup Revio, a subscription billing and payment platform that powers software-as-a-service (SaaS) businesses, has raised $1.1 million in seed funding to bring new products to market to expand his team and open up new markets.

Co-founded by Venture Builder in 2019 The Delta and a private investor revision is a SaaS company that supports growing or scaling e-commerce and subscription-based businesses. In its simplest form Revio offers automation of recurring invoices, sending e-invoices, accepting all payment methods and easy reconciliation.

Revio just raised $1.1 million in seed funding with the round being led by SpeedInvest and joined by RaliCap Ventures, The Fund and Two Culture Capital. Several angel investors also attended, including payments and revenue recovery professionals from Sequoia Capital, Quona Capital and Circle Payments.

Funding will be used to bring new products to market, expand the team and enter new emerging markets, all contributing to Revio’s mission of reducing delinquency and churn. Its payment orchestration, billing automation, and revenue refund solutions enable businesses to passively, actively, and proactively recover lost transactions, increase revenue, optimize cash flow, and increase customer lifetime value.

“We are grateful to be backed by some of the world’s top fintech investors and operators,” said Ruaan Botha, Founder and CEO of Revio. “We have the ambition to build a global company that helps…

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