The Fintech Revolution in Africa: How TurnStay is Disrupting the Travel Industry
Get ready for a wake-up call, Africa! TurnStay, the South African fintech firm that’s taking the travel industry by storm, has just secured a whopping $300,000 (R5.4 million) in funding from Silicon Valley and New York-based investors. This game-changing cash injection is set to propel TurnStay into new heights, with plans to expand into Africa and dominate the travel market.
At the helm of this revolution are Alon Stern, co-founder of Slide Financial, and James Hedley, co-founder of Quicket. These visionary entrepreneurs are hell-bent on disrupting the status quo in the African travel and tourism industry, and their innovative technologies are the key to achieving this goal.
The Problem: High Fees and Bureaucracy
In the current system, getting paid can be a nightmare for hotels and travel homes. Payment fees and fees levied by online travel agencies can add up to 12% of revenue, making it a lucrative business for the middlemen, but a burden for the merchants. It’s no wonder that many businesses in this sector are on the brink of collapse, struggling to make ends meet.
The Solution: TurnStay’s Magic
Enter TurnStay, the fintech firm that’s reducing the cost of billing for hotels and travel homes by up to 70%! By leveraging global networks of compliant companies, TurnStay is revolutionizing the way international payments are made. Say goodbye to excessive fees and hello to increased profit margins for hotels and travel homes.
The Benefits
With TurnStay, hoteliers and travel homes can enjoy a better checkout experience, with sales conversion rates soaring as a result. The company’s localized payment experience allows clients to pay in their home currency, using familiar payment methods. And, with reduced costs and increased conversions, businesses in the travel industry can thrive like never before.
The Future: Africa, Here We Come!
So, what’s next for TurnStay? With the funding secured, the company plans to expand into Africa, building on the traction already achieved locally. It’s time to get ready for a fintech revolution in Africa, as TurnStay brings its innovative solutions to the forefront of the travel industry.
Get ready to stay, Africa!