walletDoc
walletDoc is a Johannesburg-based fintech operating a full-stack digital payment gateway that enables South African merchants to accept online payments, including Apple Pay, Google Pay, and Samsung Pay, via API integration. Following its December 2025 acquisition by Capitec Bank for R400 million, the platform will be embedded into Capitec's banking offerings.
- Company typePrivate
- Founded2016
- HeadquartersJohannesburg, South Africa
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What walletDoc does
walletDoc is a South African fintech company headquartered in Johannesburg that operates a full-stack digital payment gateway providing secure online payment processing, transaction handling, and merchant services. The platform enables business and merchant clients to accept digital payments through API integrations embedded into e-commerce checkouts, while also offering e-commerce payment solutions aimed at personal banking clients. Technical differentiation centers on multi-platform digital wallet support — Apple Pay, Google Pay, and Samsung Pay — alongside broader merchant services infrastructure, with named deployment at enterprise retailer Dial-a-Bed.
The company operates an API-first go-to-market motion, distributing its payment gateway via direct integration into merchant e-commerce platforms and online stores across Southern Africa. Revenue is generated through transaction-based processing fees charged to merchants for digital payment throughput; specific pricing is not publicly disclosed. Prior to acquisition, walletDoc was privately held and backed by AlphaCode as an institutional investor; the company maintained a lean headcount of 1–10 employees.
In December 2025, Capitec Bank Holdings Limited announced the acquisition of walletDoc Holdings for R400 million (approximately $23.5 million), comprising R300 million in cash and R100 million deferred earn-out subject to performance conditions and regulatory approval. The transaction provided an exit for the founders and AlphaCode. Subject to closing, walletDoc's payment infrastructure will be integrated into Capitec's broader business and personal banking offerings, materially expanding the platform's distribution reach across Capitec's established South African retail and business customer base.
walletDoc firmographics
Firmographics- Name
- walletDoc
- Legal name
- Walletdoc
- Website
- https://walletdoc.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- walletDoc is a Johannesburg-based fintech operating a full-stack digital payment gateway that enables South African merchants to accept online payments, including Apple Pay, Google Pay, and Samsung Pay, via API integration. Following its December 2025 acquisition by Capitec Bank for R400 million, the platform will be embedded into Capitec's banking offerings.
- Ownership category
- akta.pro rank
walletDoc industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Embedded Wallets (Platforms & Marketplaces) (FSAMAEAM)
- akta.pro secondary industries
- In-App / Online Checkout Wallets (FSAMAEAH), Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)
Keywords
Where walletDoc is headquartered
LocationHeadquarters
- HQ city
- Johannesburg
- HQ country
- South Africa
- HQ region
- Africa
Offices1 record
Markets served
walletDoc business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations
Revenue model
- Payment Gateway Services: Transaction-based payment processing fees charged to merchants for processing digital payments through the platform
Go-to-market motion1 record
Distribution channels1 record
walletDoc product offering
Product offeringCore offering
walletDoc is a South African fintech that operates a full-stack digital payment gateway enabling merchants to accept online and in-app card-based payments. The platform provides native support for major mobile wallets including Apple Pay, Google Pay, and Samsung Pay, processing transactions for e-commerce merchants. Following its acquisition by Capitec Bank in December 2025, walletDoc operates as a wholly-owned subsidiary integrated into Capitec's broader banking and payments ecosystem.
Product overview
Walletdoc is a South African fintech company offering a digital payment platform and full-stack payment gateway with various merchant services. The company provides payment acceptance tools for business clients and e-commerce solutions, enabling online and in-app payments. In December 2025, Capitec Bank acquired Walletdoc Holdings for R400 million to integrate its payment infrastructure into Capitec's digital financial services offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- walletDoc Payment Gateway A full-stack digital payment gateway that processes online and in-app payments for merchants, with native support for Apple Pay, Google Pay, and Samsung Pay digital wallets. Designed for South African e-commerce and retail merchants seeking to accept card-not-present payments.
- walletDoc Merchant Services Merchant-facing services bundled with the payment gateway, including transaction processing, settlement, and wallet acceptance enablement for South African businesses.
Quantifiable outcome
- Transaction costs lowered through digital payment infrastructure
- +1 more outcomes
Companies that use walletDoc
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
walletDoc technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
walletDoc partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights4 records
walletDoc competitors and assessment
Company assessmentDirect peers
- Yoco: South African fintech providing payment solutions (card machines, online payments) to SMBs and merchants. Overlaps with Walletdoc in digital payment acceptance for South African businesses.
- Peach Payments: South African payment gateway offering online card processing and digital wallet acceptance (Apple Pay, Google Pay) to merchants. Directly comparable to Walletdoc's core full-stack gateway proposition in the same domestic market.
- Ozow: South African instant EFT and online payment platform serving merchants and consumers. Directly competes with Walletdoc in online checkout and merchant payment processing.
- Netcash: South African payments and collections platform providing online payment gateway, debit order, and EFT services to businesses. Comparable full-stack payment infrastructure targeting South African merchants.
- PayGate (PayGate South Africa): Established South African payment service provider offering gateway services, online card processing, and merchant settlement. Competes directly with Walletdoc for the same South African e-commerce merchants.
Emerging players
- Stitch: South African fintech providing payment and data connectivity services via APIs to businesses. Comparable API-first, developer-oriented payment infrastructure model to Walletdoc.
Broad incumbents
- PayU: Global digital payments provider with significant South African presence offering gateway and merchant acquiring services. Broader portfolio player competing with Walletdoc in the same domestic merchant segment.
- Adyen: Global enterprise payment platform offering unified online, mobile, and point-of-sale processing. Comparable full-stack gateway architecture, though typically serving larger merchants than Walletdoc's SMB focus.
- Stripe: Global full-stack payment gateway with API-first merchant integration. Comparable in technology model and developer experience, and available to South African merchants, putting pressure on domestic gateways like Walletdoc.
- Capitec Pay (formerly Mercantile Bank division): Payment and merchant services arm of Capitec Bank — now Walletdoc's parent. Comparable merchant payment offerings and the most direct comparator post-acquisition in the South African market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights5 records
Customer concentration
walletDoc social profiles
Digital presencewalletDoc financial estimates
Financial estimateRevenue estimate
Valuation estimate
walletDoc leadership team
Management profileNumber of profiles
walletDoc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
walletDoc M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about walletDoc
What does walletDoc do?
walletDoc is a South African fintech that operates a full-stack digital payment gateway enabling merchants to accept online and in-app card-based payments. The platform provides native support for major mobile wallets including Apple Pay, Google Pay, and Samsung Pay, processing transactions for e-commerce merchants. Following its acquisition by Capitec Bank in December 2025, walletDoc operates as a wholly-owned subsidiary integrated into Capitec's broader banking and payments ecosystem.
Is walletDoc a public or private company?
walletDoc is a private company. It is classified as corporate owned and is currently acquired.
When was walletDoc founded?
walletDoc was founded in 2016. It employs 1 to 10 people.
Where is walletDoc based?
walletDoc is headquartered in Johannesburg, South Africa, in the Africa region.
How does walletDoc make money?
One revenue line is on record: payment Gateway Services.
Who are walletDoc's main competitors?
Direct peers on record are Yoco, Peach Payments, Ozow, Netcash and PayGate (PayGate South Africa). Stitch is listed as an emerging player. Broad incumbents are PayU, Adyen, Stripe and Capitec Pay (formerly Mercantile Bank division).
Does walletDoc have an API?
No public API is recorded for walletDoc.
What industry is walletDoc in?
walletDoc's product category is Payment Processing. Its primary akta.pro industry code is FSAMAEAM, Embedded Wallets (Platforms & Marketplaces), with a secondary code of FSAMAEAH, In-App / Online Checkout Wallets. Its NAICS code is 522320 and its SIC code is 6199.