This archive report was first published on 20 August 2021.
Founded in 2019 by venture builder The Delta and a private investor, Revio is a SaaS company that powers growing or scaling e-commerce and subscription-based businesses in South Africa.
Revio's platform provides recurring billing automation, electronic invoice delivery, acceptance of any payment method, and simple reconciliation, making it a valuable tool for businesses looking to streamline their payment processes.
According to Louis Buys, CEO of The Delta and one of the initial co-founders of South African fintech startups Revix and Karri Payments, Revio takes billing and payments to the next level by proactively identifying and managing customer churn through the use of real-time customer payment analytics and machine learning.
“While providing customers with the payment methods they expect is important, there is more to collecting recurring revenue on an ongoing basis, especially in a market where more than 75 per cent of consumers have at least one account in arrears,” Buys said.
Revio plans to expand to other African countries in support of multinational clients by the end of 2021, with an official launch in East Africa in 2022.
The company's simplicity, especially when it comes to pricing, is part of its appeal. Revio has a volume-based tiered pricing model, with no monthly or onboarding charges, and has pre-negotiated the best card, bank, and alternative payment method pricing.
