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South Africa’s 101 Fastest Growing FinTech Startups

At Fintech Energy we track over 200,000 fintech startups and over 1,000,000 people who hold key positions in these companies. We use this directory of startups to highlight top employees, founders and organisations we think deserve more appreciation than they are currently getting.

We’ve ranked the top 101 FinTech companies in South Africa. The companies, startups and institutions listed in this article are all exceptional companies, well worth a follow. We have included links to their websites, socials and CrunchBase (if you’re interested in their financials).

We selected the organisations listed in this article based on:

  • Track record
  • Executive leadership
  • Market share
  • Innovation
  • ESG rating

Our Data – We source our data from OSINT (open source intelligence) and public directories such as CrunchbaseSemRush and many more. The data from these sources should be treated with a degree of caution and verified yourself.

Top FinTech Companies & Startups (South Africa)


Planet42

FoundersEerik Oja, Marten Orgna
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Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car subscription service.


PayGate

FoundersDavid Beukes, Dick Arudo
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PayGate offers leading payment services to enterprise companies worldwide.


StartX

FoundersArash Rezaei
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The Success EcoSystem.


Lulalend

FoundersNeil Welman, Trevor Gosling
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Lulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa.


Zoona

FoundersBrad Magrath, Brett Magrath, Mike Quinn
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Zoona is a mobile technology company developing products such as money transfers, electronic voucher payments, and agent payments.


FloatPays

FoundersSimon Ward
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FloatPays provides payroll integration, employee access, financial education, effective reporting, payment, and training services.


Pineapple

FoundersMarnus van Heerden, Matthew Elan Smith, Ndabenhle Junior Ngulube
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Pineapple makes insuring easy, fair and accessible. Get cover in a snap. See the good your premiums do. Get all leftover premium back.


Stitch

FoundersKiaan Pillay, Natalie Cuthbert, Priyen Pillay
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Stitch is an API fintech that makes it easier for businesses to connect to users’ financial accounts to access data and enable payments.


Wala

FoundersSamer Saab, Tricia Martinez
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Wala is built a community-driven and gamified personal financial management tool for cash-based consumers in emerging markets.


Fintec Labs

FoundersDaniel van Tonder, Guncha Kumar, Willem van Zyl
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South African financial technology incubator to the largest African insurance- and banking institutions


Root

FoundersJonathan Stewart, Louw Hopley
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A financial services platform – programmable banking and insurance


Nomanini

FoundersVahid Monadjem
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Fintech SaaS platform to deliver digital financial services to the informal retail trade.


Getbucks

FoundersUnknown
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GetBucks is a fintech company that embraces technology as a means to provide financial products and services to its customers.


Inclusivity Solutions

FoundersJeremy Leach
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We design, build and operate digital insurance businesses in emerging markets


Crossfin Technology

FoundersAnton Gaylard, Dean Sparrow
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Crossfin invests in FINTECH solutions to enable growth for economies in Africa and beyond.


BancX

FoundersDavid Rogers
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Cloud based financial services infrastructure platform designed to build, configure, launch and scale financial services


MFS Africa

FoundersDare Okoudjou
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MFS Africa is a digital payment company that offers mobile financial solutions for senders, money users, and service providers.


JUMO

FoundersAndrew Watkins-Ball
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JUMO is the market leading Banking as a Service platform that uses AI to power financial services in emerging markets.


CTSX

FoundersPhillip Sebole Masango, Ruan Van Wyk
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Private Equity


Centbee

FoundersAngus Brown, Lorien Gamaroff
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Centbee is a digital payments company that uses blockchain technology to enable people to move money easily and cheaply.


Investsure

FoundersIgnatious Nkwinika, Mbulelo Mpofana, Shane Curran
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InvestSure- a tech company, provides APIs to enable partner investment platforms to sell its Investment Insurance product to their clients.


Paymenow Group

FoundersBryan Habana, Deon Nobrega, Gerbrand Potgieter, Willem van Zyl
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Paymenow Group is an employee benefits platform that offers users early access to earned wages at affordable rates.


Lipa Payments

FoundersUnknown
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Lipa creates software that allows merchants to accept contactless payments without any additional hardware.


MortgageMarket

FoundersTim Akinnusi
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MortgageMarket.co.za is a fintech that not only provides access to 7 banks and real-time home loan comparison services but also pays consumers R5000 cashback just for using its online platform to get a home loan.


Bright On Capital

FoundersKoena Headbush, Tsepo Headbush
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Bright On Capital is a peer-to-peer online enterprise-lending platform for SMEs to raise working capital funding from lenders.


Franc

FoundersSebastian Patel, Thomas Brennan
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Franc is a digital wealth platform helping more people invest more.


Prospa

FoundersCarl Ngwenya, Dhanyal Davidson
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Prospa is a mobile savings wallet with no monthly fees and no required minimum account balance.


Whiteside Capital Group

FoundersPeter Krause, Raymond Cornish
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Information Technology Firm


Kopano

FoundersDuran Hamer, Eleftherios Kyriazis, Gustav Praekelt
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Delivering insurance to emerging markets.


StokFella

FoundersRuddy Mukwamu, Tshepo Moloi
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StokFella puts the power of informed financial management and financial decision-making in the hands of all Stokvels.


Truzo

FoundersTerence Naidu
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Truzo is a web and app-based escrow platform enabling buyers and sellers anywhere to transact in a safe and secure way.


Nona Digital

FoundersEd O’Reilly, Gordon Angus, Mike Scott
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We design and build intuitive software for FinTech companies.


GetVanced

FoundersBrendon Harris, Raeesa Gabriels
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GetVanced is a financial wellness platform that allows employees to get immediate access to a percentage of their earned wages.


Meerkat

FoundersDavid O’Brien
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Meerkat is a financial wellness business committed to making a real difference in the financial lives of its customers.


CommuScore

FoundersPhilile Mkhize, Priya Thakoor Mistry
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We digitise trust in the informal market. We provide alternative credit scoring for the unbanked to drive financial inclusion.


Vollar

FoundersKyle Ueckermann
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Vollar is a digital currency earned by doing good alongside local nonprofit organisations.


Invoice Worx

FoundersMdu Thabethe, Siya Ntutela
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Invoice Worx is a working capital financing company aimed at providing access to a business network that helps businesses.


Airbuy

FoundersKabelo Twala, Njabulo Makhathini, Tshepang Kobo
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Airbuy is an alternative payment that allows e-commerce sites to accept payments without their customers exposing their banking details.


Preferental

FoundersRoss Fitzcharles
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Preferental is a digital property management platform that guarantees rental income.


Nobuntu

FoundersRoss Tasker, 博克斯 博西
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A community driven savings product which pays you more as you grow older.


ProsperiProp

FoundersLlewellyn Morkel
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ProsperiProp is fintech platform that makes it possible for people to own property and ultimately create their own personal wealth.


Fo-Sho

FoundersAvi Naidoo, Mithun Kalan
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Fo-Sho is a peer-to-peer insurtech that is powered by technology to bring affordable short-term insurance to South African markets.


Entersekt

FoundersAltus van Tonder, Christiaan Brand, Dewald Nolte, Niel Müller, Schalk Nolte
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Innovator in mobile identity and payments enablement


iKhokha

FoundersRamsay Daly
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iKhokha makes it easier for South African businesses to accept credit card payments. With iKhokha, the device is yours, not the banks.


My-iMali

FoundersCasper Kruger, Matt Goosen
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My-iMali is a Mobile Wallet Solution and Mobile Wallet Platform.


MobiLife

FoundersAdrian Solomon, Frank Schütte, Shadrack Sivhugwana
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MobiLife is an insurance provider aiming to transform micro-insurance in South Africa.


Sygnia

FoundersMagda Wierzycka
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Sygnia is a FinTech company that provides asset management, stockbroking, and administration services.


Bettr

FoundersAndrzej Stempowski, Tobie van Zyl
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The Digital Banking App for Creators


Payfast

FoundersAndy Higgins, Jonathan Smit
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Our focus is on driving adoption of digital payments in South Africa by fostering ecommerce and helping businesses grow.


Cassava fintech

FoundersUnknown
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Cassava Fintech is a specialised Pan-African Technology company.


Positive Earth

FoundersJo-Anne King, Schalk Kearney
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Web3 Fundraising Platform for Impact Startups


DafriBank Digital LTD

FoundersZiggy Xolane Ndhlovu
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DafriBank Digital is a branchless financial technology company providing customized financial services to clients in 180+ countries


Mama Money

FoundersRaphael Grojnowski
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Mama Money is the world’s first social business for remittances.


Transaction Capital

FoundersRob Rossi
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Transaction Capital is a provider of specialised financial and allied services.


walletDoc

FoundersDan Wagner, Leonard Shenker
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walletdoc is the smart, secure & free way to pay bills – with no admin.


Netcash

FoundersUnknown
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Netcash specialises in providing secure, online transaction processing services for SMEs in South Africa.


truID

FoundersChristian Schuit, Dmitry Drabkin, Paris Valakelis
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truID is provides financial institutions and fintechs with secure access to consumer banking data.


Fundamo (Proprietary)

FoundersHannes van Rensburg
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Fundamo provides mobile financial solutions for banks, financial organizations and mobile network operators.


Startupbootcamp Cape Town

FoundersZachariah George
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Startupbootcamp Cape Town is a leading accelerator focused on scouting for startups in blockchain, connected devices.


Maxicash

FoundersTania Engau Mukwamu
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Maxicash is a Fintech company & developer of a mobile app that helps African financially support their loved ones back home.


ooba

FoundersSaul Geffen
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ooba pioneered mortgage origination in South Africa and now offers a range of solutions to homebuyers.


Fincheck

FoundersChristopher Ball, Michael Bowren
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Fincheck provides users with the facts and figures required to make an informed decision on their personal finance and loans.


Electrum

FoundersDave Glass, Dirk Potgieter, Eon Joubert
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Electrum builds software that represents the next generation of payments technology.


Blue Financial Services

FoundersAndy Jacob
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Blue is a micro-finance institution that offers loans and financial services.


Simply Financial Services

FoundersAnthony Miller, Simon Nicholson
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Simply is a #fintech #insurtech company, providing mass market life insurance combos (life + disability + funeral) for South Africans.


BitFund

FoundersBradley Goldman, Dean Joffe, Jonathon Ferrer, Joshua Miltz
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BitFund is a Cryptocurrency investment platform.


Artis Turba

FoundersNicolaas Oosthuizen, Nigel Peacock
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Intuitive cryptocurrency exchange built for individuals, traders and investors.


Veneka

FoundersUnknown
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Veneka renders payment technology solutions such as card and wallet issuing, card payments, electronic and digital banking.


Airvantage

FoundersMark Collie, Michael Roffey
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Airvantage is a fintech provider of mobile financial and value-added services for mobile network operators.


TradeSafe

FoundersJethro O’Brien
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TradeSafe is an independent online financial escrow platform that securely safeguards the buyer’s funds and documentation in trust.


Octobase

FoundersCornelius Gouws, Francisco De Carvalho, Hank Coetzee, Schalk Dormehl
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The mobile banking platform for the decentralized economy


Rainfin

FoundersHannes Van Der Merwe, Sean Emery
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RainFin is an online lending marketplace that links Borrowers with Lenders.


SASA Solutions

FoundersUnknown
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SASA is a digital FinTech company that leverage data and tech to take friction out of finance.


PayCurve

FoundersUnknown
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PayCurve is a financial technology platform that provides early access to a portion of earned and unencumbered salaries.


4 Africa Exchange Proprietary Ltd.

FoundersUnknown
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4 Africa Exchange is a provider of safe and licensed platform that provides easier access, and more product variety to Issuers and Brokers.


Fedgroup

FoundersUnknown
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Fedgroup is a financial services company investing in smart technology.


Peniel

Foundersbk ngejane
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Accelerating the acceleration of data insights within the sustainability markets with a robo advisor


Uprise.Africa

FoundersPatrick Schofield, Tabassum Qadir, Vuyisa Qabaka
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The first Equity Crowdfunding platform in South Africa


Merchant Capital South Africa

FoundersDaniel Moritz, Dov Girnun
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Merchant Capital is an alternative provider of working capital for small and medium entrepreneurs.


Real Pay

FoundersUnknown
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Real Pay is a multi-bank web-based payments system that allows users to upload transactions, manage cashflows & complete digital payments.


Youi

FoundersUnknown
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Youi is about helping you get the best premium, getting you a tailored insurance solution, and providing you with the best service.


Slide Financial

FoundersAlon Stern, Irshad Kathrada, Terence Goldberg
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Slide Financial offers customizable mobile payment solutions for platforms and marketplaces.


Astute Financial Services

FoundersUnknown
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Astute provides data exchange, intermediary, fintech and risk technology solutions to the financial services industry.


Maxxo

FoundersUnknown
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Maxxo is a Croatian cloud-based file sharing, synchronization, and backup tool.


RiovicPay

FoundersSicelo Nkambule
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RiovicPay is an innovative company providing money transfer and payment tools.


Cenfri

FoundersUnknown
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Centre for Financial Regulation and Inclusion. Independent think tank focused on financial sector development,


Addendum Financial Technologies

FoundersUnknown
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Addendum Financial Technologies specializes in supply chain finance, working capital, receivables, marketplace, and debt funding solutions.


wanna loan?

FoundersUnknown
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wanna loan? is a short-term lender of choice. For fast, paperless applications. Apply in minutes and get paid within an hour.


Crowdinvest

FoundersAnton Breytenbach
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Crowdinvest is the first crowd sourced investing platform in South Africa


OysterPay

FoundersUnknown
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OysterPay is a digital banking platform for gig workers who are largely overlooked by traditional financial institutions.


BoE Asset Management

FoundersUnknown
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BoE Asset Management


Connect

FoundersRichard Phillips
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Connect offers financial technology solutions to connect entrepreneurs with opportunities to maximize their business potential.


Rateweb

FoundersUnknown
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Rateweb is a fintech web platform that allow users to compare financial products like bank accounts, insurance, brokers, loans & credit card


Stock Shop

FoundersUnknown
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Stock Shop provides a toolbox of platforms that financial institutions can white-label to provide financial education.


Paytec

FoundersUnknown
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Authorised operator of BankTech Platform in Sub-Saharan Africa


moneysmart

FoundersTobie van Zyl
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Personal Financial Management Online


Delter IT

FoundersUnknown
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Delter IT Services is a micro lending software development company providing client management systems to micro lenders.


Riskflow

FoundersUnknown
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Riskflow is a fintech company founded in 1988, focussing on the creation of enterprise software solutions.


uloans

FoundersUnknown
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uloans is an online financial platform.


uloans

FoundersUnknown
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uloans is an online financial platform.


Causal Nexus

FoundersUnknown
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Causal Nexus is a startup that specialises in next-generation backend payment systems.

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