| Founded | 2017 |
|---|---|
| Closed | 2022 |
| Country | South Africa |
| Sector | Fintech |
| Collapse type | Fire Sale |
Payflex
"South African BNPL pioneer sold to Zip Co at discount as local market proved too small"
Distressed acquisition below last-round valuation
Key Events Timeline
Payflex was South Africa's first buy-now-pay-later startup, launching in 2017 and reaching 30+ merchant partners.
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