TurnStay offers an all‑in‑one finance platform tailored for African travel businesses, providing payment links, virtual cards, checkout, multi‑account management, smart routing and developer APIs. Acting as the merchant of record, it handles cross‑border payments, fraud detection, settlements and tax compliance, allowing companies to accept payments in local currencies and reduce transaction fees. The service is monetized through subscription plans and transaction‑based fees.
Funding
$300K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DLFounders
Product
Problem
African travel companies face significant revenue loss due to high booking and payment processing fees, particularly for international transactions. These fees, often exceeding 15% of the booking cost, erode profitability and hinder competitiveness. Reliance on Online Travel Agencies (OTAs) further exacerbates the issue through high commission rates.
Solution
TurnStay provides a payment processing solution tailored for the African travel industry, enabling companies to reduce payment fees by over 70% and increase direct bookings. The platform offers country-optimized checkout pages, allowing businesses to accept bookings from customers worldwide while billing them in their local currency. By streamlining the payment process and minimizing transaction costs, TurnStay empowers travel companies to improve conversion rates, reduce reliance on OTAs, and ultimately increase their profitability. The solution also includes an API that facilitates the creation of customized checkout flows and settlement cycles.
Target Audience
The primary target audience includes African travel companies, such as tour operators, hotels, and rental agencies, seeking to reduce payment processing fees and increase direct bookings.
Features
- Country-optimized checkout pages for global bookings
- Reduced payment processing fees (up to 70% savings)
- API for customized checkout flow and settlement cycle integration
- Direct booking capabilities to minimize OTA commissions
- Billing in customer's local currency
- User-friendly API for platform integration