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Revio has raised 15 million South African Rand in a seed round financing led by venture builder The Delta (1 million USD). The South African start-up was established in 2012 to help companies, especially companies in the software service sector, manage their billing and subscription needs.

According to the CEO of The Delta and Co-founder of Revio, Louis Buys, “75% of South Africa consumers have at least one account in arrears, putting most businesses at risk. Revio makes it easy to avoid failed payments, customer churn, and improve customer loyalty”.
The platform was created to reach out to customers who are at risk of churn and to automatically manage customers’ debts and also reward them with good behaviour. It is integrated with Flutterwave, which means that SAAS customers can provide their products to all African customers and can relatively pay in their currencies. Revio is currently focused on the South African market and is said to formally launch in East Africa in 2022 and some parts of Africa by the end of 2021.