TurnStay
Cape Town, South Africa
◆ About TurnStay
South African travel payments startup that processes card payments for international travelers and settles funds to African merchants in local currency.
◆ What sets it apart
It processes card payments in the traveler’s country while using local payout rails and stablecoin-based cross-border settlement to reduce fees and speed up merchant payouts.
◆ Sectors
◆ Business
Modeltransactional
CustomerAfrican travel and tourism businesses that serve international travelers
◆ Notable
- Raised $300,000 in pre-seed funding in 2024
- Raised $2 million in seed funding in 2025
- Processed more than R1 billion in travel payments in six months
◆ Funding rounds
◆ Explore the market
◆ FAQ
What does TurnStay do?
South African travel payments startup that processes card payments for international travelers and settles funds to African merchants in local currency.
Where is TurnStay based?
TurnStay is based in Cape Town, South Africa, founded in 2021.
Who has invested in TurnStay?
Investors in TurnStay include First Circle Capital, TLcom Capital, Enza Capital, Incisive Ventures, CVVC, Equitable Ventures, DFS Lab and Digital Currency Group.