Launch Africa Ventures sells Peach Payments stake to 27four

Venture capital firm Launch Africa Ventures has sold its secondary exposure in South African fintech company Peach Payments to the 27four Nebula Fund. The transaction grants the 27four investment fund access to a fast-growing African payment company, increasing liquidity in the African capital market.

Launch Africa Ventures, one of Africa's most active venture capital investors, was previously an investor in Peach Payments. Founded in 2012, South African-based Peach Payments provides payment solutions for online and offline transactions across several African countries, including South Africa, Kenya, and Mauritius.

The deal gives the 27four Nebula Fund exposure to Peach Payments, a company that has established a strong position in payment acceptance, processing, and merchant enablement. Such secondary transactions are becoming increasingly common in African venture capital, providing liquidity for early investors and access for new investors to growing companies.

"This transaction gives the 27four Nebula Fund exposure to a category-defining African fintech business through a secondary opportunity with Launch Africa Ventures," said Tishanya Naidoo, principal at 27four. "Peach Payments has built critical payments infrastructure for merchants. We see strong alignment between the company's growth trajectory and our mandate to back scalable, technology-enabled businesses across Africa."

The move highlights the maturation of the African startup ecosystem. Secondary transactions allow early investors to realize capital while enabling later-stage investors to support proven companies entering their next phase of growth.