Payfast - About the company
Payfast is an acquired company based in Cape Town (South Africa), founded in 2007 by Jonathan Smit. It operates as a Diversified payment processing solution for individuals. The company has 102 active competitors, including 13 funded and 22 that have exited. Its top competitors include companies like PayU, Flutterwave and ACI Worldwide.
Company Details
Diversified payment processing solution for individuals. Offers payment gateway for businesses to accept online payments. Enables to receive instant payments for online stores, pay processing at events, invoice processing, accepting donations, subscription payments, and more.
- Website
- payfast.io
- Social
- Email ID
- *****@payfast.help
- Phone Number
- +27 **********
Key Metrics
Founded Year
2007
Location
Cape Town, South Africa
Stage
Acquired
Ranked
33rd among 102 active competitors
Investment & Acquisitions
Exit Details
Acquired by DPO Group (Jul 30, 2019)
Payfast's acquisition details
Payfast got acquired by DPO Group on Jul 30, 2019.
Click here to take a look at Payfast's acquisition in detail
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Payfast's funding and investors
Payfast has not raised any funding rounds yet.
Payfast's founders and board of directors
Founder? Claim ProfileThe founders of Payfast is Jonathan Smit.
Here are the details of Payfast's key team members:
- Jonathan Smit: Founder & Managing Director of Payfast and founder of 1 other company. They are also an angel investor in 2 startups.
View details of Payfast's Founder profiles and Board Members
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Payfast's Competitors and alternates
Top competitors of Payfast include PayU, Flutterwave and ACI Worldwide. Here is the list of Top 10 competitors of Payfast, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | PayU 2002, Amsterdam (Netherlands), Series C | Provider of online payment solutions and financial services for businesses | $35.1M | 84/100 | |
2nd |  Flutterwave 2016, San Francisco (United States), Series D | Provider of payment solutions for online and physical business transactions | $489M | 83/100 | |
3rd | ACI Worldwide 1975, Omaha (United States), Public | Process and manage digital payments | - | 76/100 | |
4th | Network International 1994, Dubai (United Arab Emirates), Acquired | Provides digital payment solutions and merchant services, catering to businesses with fintech support | $539M | 72/100 | |
5th | Equiniti 2002, Lancing (United Kingdom), Acquired | Provider of financial technology and payment processing solutions | - | 60/100 | |
6th |  Adumo 2019, Sandton (South Africa), Acquired | Provider of payment solutions, card machines, and customer engagement platforms | $25.9M | 59/100 | |
7th | First Data 1971, Atlanta (United States), Acquired | Payments processing service provider | - | 58/100 | |
8th | Peach Payments 2013, Cape Town (South Africa), Series A | Payment gateway solutions for businesses and merchants | $32M | 58/100 | |
9th |  Ozow 2005, Johannesburg (South Africa), Series B | Provider of payment solutions, including pay by bank and crypto payments | $51.7M | 57/100 | |
10th | Blockchain-based financial transaction platform | $742K | - | 57/100 | |
33rd |  Payfast 2007, Cape Town (South Africa), Acquired | Diversified payment processing solution for individuals | - | - | 31/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Payfast's competitors? Click here to see the top ones
Payfast's Investments and acquisitions
Payfast has acquired iVeri. Payfast has not made any investments as of now.Reports related to Payfast
Here is the latest report on Payfast's sector:
News related to Payfast
Filter this list•
FinMont partners with Payfast by Network for optimised travel paymentsThe Paypers•Mar 25, 2025•FinMont, Payfast
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VezoPay secures investment from PayFast founder Jonathan SmitTechCentral•Feb 18, 2025•Payfast, Vezopay
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Consumer Giant LG Offers Direct Sales with Payfast by NetworkFintech Finance•Sep 09, 2024•LG, Payfast
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Payfast, the e-commerce payment platform, rebrands as Payfast by NetworkBizcommunity.com•May 09, 2024•Payfast, Network International
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