South African travel-focused fintech TurnStay has raised R34 million in seed funding to accelerate its expansion across African markets and scale its payment infrastructure for tour operators.
The funding follows a R5,7 million pre-seed round in July 2024.
Founded by fintech veterans, CEO Alon Stern and COO James Hedley , TurnStay uses a merchant-of-record and stablecoin-enabled model to reduce international payment failures, high transaction costs and settlement delays.
