Our story
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Precium was founded in 2020 based on the insight that there is more to getting paid than accepting payments. Co-founder and CEO, Ruaan Botha, was inspired to start the company by seeing how much time and manual effort businesses spend on their payment operations, including integrating new payment methods and managing failed payments. When asking 30+ businesses where they would invest $1 if they had to fix their payment systems, they all unhesitatingly confirmed they’d spend at least 90c on increasing payment success rates.
It turned out that this was a much bigger problem than he had initially thought. In African markets, 30% of payments fail on average, costing businesses billions of dollars in lost revenue each year. Businesses face a 300%+ higher churn rate than the global average, with up to 40% of this churn attributable to payment failures. Combined with rapid growth in digital payments, businesses are facing increasingly complex payment operations that hinder online commerce on the continent.
Today, Precium is a world-class payment platform that minimises the complexity, cost, and risk of payment operations, to help merchants reach and retain more customers.
We currently serve some of Africa's largest brands in insurance, banking, telco, retail, and media & streaming, including Old Mutual, Standard Bank, and Innovation Group. We're backed by A+ global investors, including QED Investors, Partech, and SpeedInvest, bolstering our team with industry legends that will help us build a successful multinational company.
Locally grounded but globally relevant, Precium aims to be the go-to payment partner for businesses operating in Africa.
Join our team
We’re building a company where people can do their best work and be their full selves, empowered with autonomy and supported to succeed. We hope you’ll join us.
We’re proud to hire the best in the industry, and provide a platform for their personal, professional, and financial growth.
Our team join us to make a difference. We’re a team of makers, excited by the opportunity to build a business, not just work for one. We like to build our way out of uncertainty, and find elegant solutions to complex problems.
We’re still at the stage where all team members need to roll up their sleeves and help build the company you want to work in. If you’re excited to apply your skills and ambition to build the future of payments in Africa, we reckon there’s no better opportunity for you.
You’ll work with exceptionally smart people, with an experienced leadership team, and the capital backing to make this a success.
We believe the best companies embrace diversity at every level. We hire the best in the market, and that’s why our team represents diversity in race, age, gender identity, sexuality, heritage, perspectives, and ideas.
Join our team today
Perks and benefits
We offer fully remote and hybrid work options, so that our teams can connect and work where it suits them best.
It’s a marathon, not a sprint. We want our team to take time off the rest and rejuvenate. Precium offers 25 days paid leave and public holidays by country.
You’ll receive all the equipment you need to do your best work. We pride ourselves on using the latest kit and tools that keep us on the cutting-edge.
Precium’s Parental Leave policy offers biological and adoptive parents paid time off to spend quality time with family.
We get together at least quarterly to connect, ideate, and problem solve. Typically, a traditional braai is involved.
We offer sponsored learning opportunities and host lunch-and-learns, and encourage our team to pursue their development goals
Backed by global investors and operators that built industry leaders
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