Launch Africa Ventures Sells Peach Payments Stake to 27four

In Short

• Launch Africa Ventures transferred its secondary stake in Peach Payments to the 27four Nebula Fund.
• The deal is a secondary transaction, meaning existing shares changed hands rather than new funding going into the company.
• It adds another data point for growing exit and liquidity options for early Africa-focused investors.

What Happened

Launch Africa Ventures has sold a secondary stake in Peach Payments, a South African fintech, to the 27four Nebula Fund.

Peach Payments (listed on Liners as Peach Payments) provides payment acceptance tools for businesses, including online checkout and in-person payments. The company was founded in Cape Town in 2012 and operates across South Africa, Kenya, and Mauritius.

Launch Africa Ventures said it first backed Peach Payments in its 2021 seed round. Peach Payments later raised a $31 million Series A in 2023, with Launch Africa participating from an earlier round.

27four is a South African investment management group. Its Nebula Fund, launched in May 2023, targets fast-growing, technology-driven businesses. In this deal, Nebula gets exposure to Peach Payments through a secondary purchase.

Why It Matters

Secondary transactions matter because they provide liquidity, which is a way for early investors to convert paper gains into cash without waiting for an acquisition or IPO. In markets where exits are still limited, secondaries can become a practical path for recycling capital back into new startup deals.

For later-stage institutional capital, secondaries can also be a cleaner entry point. The investor buys into a company that already has traction and existing shareholders, instead of setting a new valuation through a primary funding round.

The Peach Payments stake sale also highlights how Africa’s fintech infrastructure layer, meaning the tools that help merchants accept and reconcile payments, is attracting a wider set of local institutional buyers, not just venture funds.