Tutuka Software Propriety Limited

Tutuka Software Propriety Limited specializes in card issuance processing, offering innovative solutions for digital banks, fintechs, and enterprises to streamline financial transactions and enhance user experiences. Tutuka Software Propriety Limited, founded in 1998 in Johannesburg, South Africa, focuses on card issuance processing. The company underwent an acquisition by SaltPay Co. in April 2021 from Apis Partners.

The CEO is Shane O'Hara, and the founder is Dilip Shrestha. Tutuka has completed a total of 4 deals since its inception, with the latest deal occurring in April 2021. Tutuka provides a comprehensive range of card issuance processing products, including debit, prepaid, credit, and hybrid cards, alongside virtual card solutions. Their services target a diverse clientele, including fintech and banking sectors in over 60 countries, addressing various financial needs such as multi-currency transactions and expense management, while ensuring compliance with industry standards.

Tutuka operates on a transactional revenue model, generating income through partnerships with fintech startups and established banks. Their revenue comes from processing fees tied to card transactions, including debit, credit, and virtual card services. Clients typically subscribe to services that grant them access to advanced features such as real-time analytics and fraud prevention, with pricing based on transaction volumes and implemented solutions. Following its acquisition by SaltPay Co.

on April 6, 2021, Tutuka plans to expand its product offerings and enter new markets. While specific products in development have not been disclosed, the company is focusing on enhancing its existing services to meet contemporary market demands. Plans for geographic expansion into regions such as Europe and Asia are underway, with targeted initiatives expected within the next two years. Recent funding from the acquisition will support these growth objectives.