Paycorp Expands into Embedded Business Funding in South Africa and UK

Paycorp, a leading payment solutions provider with over two decades of experience, is expanding its offerings to include embedded business funding in South Africa and the UK. This move signifies Paycorp’s continuous innovation in shaping the future of payments across its operating regions.

Leveraging their established expertise in transaction processing and cash management, Paycorp’s Capital Express brand provides South African ATM owners with instant working capital of up to R1 million based on historical transaction data. This partnership with Retail Capital, a leader in merchant cash advance, simplifies the funding process.

Internationally, Recap Global, a joint venture between Paycorp and Retail Capital, offers similar funding solutions in the UK. Recap utilizes transaction data from various payment partners’ ATMs, point-of-sale systems, and e-commerce platforms to provide pre-approved, real-time funding. This eliminates the hassle of traditional loan applications and empowers businesses to seize growth opportunities quickly. Recap boasts a network of 15 partners across diverse industries, showcasing its reach and effectiveness.

We’re delighted to partner with payment platforms, enhancing their merchant offering and increasing loyalty with turnover-based business funding. Eligible customers can get truly pre-approved, frictionless funding at the click of a button, eliminating rejection anxiety and empowering businesses to capitalise on growth opportunities amid challenging economic circumstances.

Jonathan Field, Managing Director, Recap

Paycorp’s technology platform is the backbone of our payment ecosystem, enabling low-cost global transaction processing from our South African hub. Paycorp has evolved from a South African ATM business into an international payments provider, seamlessly moving into multiple payment verticals and geographies and is a partner of choice for businesses to elevate their payment capabilities and expand globally.

Steven Kark, co-founder and CEO, Paycorp