Former Payworks CEO, Christian Deger, has joined the advisory board of Revio, a payment optimization startup focused on using payments data to optimize revenue collection and assurance across Africa.
Facts
- Christian Deger, former founder and CEO of Payworks, has joined the advisory board of Revio.
- Payworks, founded by Deger in 2012, raised $17 million before being sold to Visa in 2019.
- Revio is a payment optimization platform that helps businesses reduce payment failures and customer churn.
- Through a single API, the company boosts merchants’ success rates with locally-optimized payment methods and smart payment routing, failover, and retries.
- Deger expressed that Revio has the potential to radically transform unit economics and ease of doing business on the continent, for both local and multinational companies.
- Revio raised an oversubscribed Seed round of $1.1m in November 2022, led by global financial technology investor, Speedinvest, joined by RaliCap, The Fund, Two Culture Capital, and several strategic angel investors.
- Currently, Revio is focused on expanding its platform capabilities to include additional payment analytics and workflow automation, to better serve clients in new and existing markets.
