TurnStay.com, a South African travel fintech, has secured $300,000 in funding from DFS Lab and DCG, based in Silicon Valley and New York. The company plans to use this investment to expand across Africa and build on its existing momentum.
Founded by Alon Stern of Slide Financial and James Hedley of Quicket, TurnStay aims to reduce payment costs for African travel merchants by employing strategies used by major global booking companies to lower international payment fees without compromising safety or efficiency.