South African fintech firm Peach Payments aquires software development firm Operativa

South African Digital payments service provider Peach Payments has acquired customer software development firm Operativa.

The acquisition which was announced on Monday will see the full Operativa team integrated into Peach Payments, with Operativa Co-Founders Dayne Olivier and Ben Janecke taking on Principal Engineer positions.

Olivier and Janecke have worked with Peach Payments since 2022, building and maintaining a number of the company’s payment systems and solutions. 

Peach Payments said in a statement that “The pair and their team have been instrumental in building the technical architecture that has paved the way for Peach Payments’ rapid expansion, including integrating additional payment methods such as Apple Pay, and onboarding new merchants and banking partners,”

“We have always really enjoyed working with Peach Payments. We believe that the business has what it takes to become the undisputed payments leader in Africa. We see this acquisition as a call-up to the winning team,” Olivier says.

Janecke says the decision to sell the business had been influenced by several factors, including their relationship with Peach Payments and its plans for the future, as well as market conditions.

“We were able to build something really special with Operativa. We made significant strides working with Peach Payments as our partner, and we are confident that as an integrated business, we’ll be able to achieve even more,” Janecke adds.

The full acquisition is expected to be completed by August.

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