This article showcases our top picks for the best South Africa based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top South Africa Fintech (Financial Technology) Companies
We’re building next-generation financial services technologies to empower emerging market entrepreneurs. We use advanced data science and machine learning to create the fastest and leanest financial services infrastructure.
Our partners use our technology stack to offer savings, lending and insurance products to entrepreneurs in emerging markets.These next-generation products give anyone with a cell phone and mobile wallet access to unprecedented financial choice, enabling millions of people to prosper, build their businesses and drive economic growth.. .
Inclusivity Solutions are experts in creating inclusive digital insurance markets. We apply global experience and best practice to help mobile operators, insurers and other partners deliver sustainable insurance solutions for emerging consumers.
We specialise in expanding markets to include unserved and underserved consumers to help protect them from shocks that can have devastating long-term financial consequences. It is estimated that up to 98% of people in emerging markets are unprotected from risks such as accidents, illness, death, natural disasters, and crop destruction.
However, traditional insurance products, distribution models, and administration processes are ill-suited and uneconomical for serving these emerging consumers. Inclusivity Solutions delivers insurance solutions that meet the needs of emerging consumers and leverage the ubiquity of digital channels, such as mobile phones, to reach the greatest number of people.
We provide the strategy, product and process design, implementation support, and platforms to not only introduce and grow digital insurance solutions, but also to build sustainable inclusive insurance markets. Inclusivity Solutions is backed by Reinsurance Group of America, Incorporated (NYSE: RGA); a leader in the global life reinsurance industry.
RGA serves clients from operations in 26 countries around the world, delivering expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development.. .
PayGate offers worldwide enterprises with a wide range of payment services and credit card processing services. Payment solutions that they offer are pay collect, starter, medium, and premium.
Processing banks of the company are ABSA, Standard Bank, FNB, NEDBANK, Investec, and FirstData. The clients of the company are ASKY, Air Namibia, CemAir, buycycle, DHL, and Cotlands.
The company provides a wide range of products for its users such as PayBill, PayPoint, PayBatch, PaySubs, PayVault, PayFX, and PayProtector. PayBill is an e-billing system that allows its users to send their customers an electronic bill for payment without compromising on the security or flexibility.
PayPoint is a secure virtual card machine service that offers its users the ability to manually process credit card payments without a POS machine. PayBatch allows its users to capture and process batched card transactions.
This can be done manually using the merchant portal and using API integration. PaySubs also allows its users to create a recurring payment for their customers.
PayVault is a PCI compliant card data storage and retrieval system that enables merchants to process recurring payments without having to store card details. PayFX allows its users to quote pricing on their websites in the international currency of their choice.
VALR.com is a digital asset trading platform where you can buy, sell, store and transfer cryptocurrencies seamlessly and securely. We offer one of the widest selections of digital assets.
We‘re helping to build a financial system that recognises the oneness of humanity.. .
Fintec Labs is a B2B technology provider to major banking and insurance enterprises in South Africa. Its flagship product is a best-cost routing engine that gives clients the ability to collect premiums or subscriptions via the most efficient bank- or non-bank channels.
Routing is done through a proprietary machine learning module that predicts the optimal outcome and implements the change in a series of action triggers.. .
GetBucks Financial Services Limited is a financial technology (“fintech”) company that embraces technology as a means to provide financial products and services to its customers. GetBucks operates from 13 branches located throughout Zimbabwe.
The Company is owned 51% by MyBucks S.A (a Frankfurt Stock Exchange listed company) and 31% by Brainworks. The remaining balance is owned by various other shareholders including local pension funds.
GetBucks Zimbabwe’s vision is to become a leading provider of financial services by leveraging the latest technology to provide innovative and cost effective solutions to a wide customer base in Zimbabwe. GetBucks Zimbabwe believes in financial inclusion and aims to empower its customer base with sustainable financial solutions that improve lives..
InvestSure is a technology company that uses its software to enable partner investment platforms to sell its unique Investment Indemnity (insurance) product to their clients. InvestSure provides a full set of APIs that trading platform developers can use to integrate the Investure Investment Indemnity product seamlessly and easily into their websites and mobile applications.
Once InvestSure technology is added to a trading platform, it enables users to buy insurance on their shares with a single click. The full process from buying to insurance to settling claims is fully automated.
The Investment Indemnity product itself is a unique innovation; it is designed to protect to protect shareholders against any losses in share value caused by actual or perceived fraud committed by management. This enables investors to secure their investments.
The cost of the product is low enough to not significantly reduce returns of investors where no insurance event occurs, but to provide significant downside protection where an insured event does occur.. .
Meerkat is a financial wellness business committed to making a real difference in the financial lives of its customers. The company’s credit life business offers comprehensive cover at lower premiums all with a tap on the mobile phone.
Meerkat was established in 2015 and is headquartered in Cape Town, South Africa.. .
Bright On Capital
Bright On Capital is a peer-to-peer online enterprise-lending platform, which serves as an online market place allowing SMEs to simply and quickly raise working capital funding from a wide-range of traditional and non-traditional lenders. Our lending partners include development funding institutions (“DFIs”), corporate enterprise development funds and other institutional investors.
Bright On has also partnered with a number of South African corporates, government and other large enterprises to provide their SME suppliers with the ability to raise affordable working capital funding on the back of their invoices that are payable by these large enterprises. The Bright On online platform provides SME suppliers with: Simple & easy online access to affordable working capital funding Rapid screening and credit decisioning Quick disbursement of funds..
Franc is an investment app that makes investing smart and social. We believe everyone can invest like a pro with three simple principles: setup a rainy day fund, big dreams need equity and pay less fees.
Through Franc users can get access to the best cash and equity fund in the market, selected carefully for their performance and low-cost. Franc is a roboadvisor that helps first time investors understand how much investment risk they can take on using a simple slider and enables users to create and share investment goals – charging a management fee of 1%.
The company enables users to access, view, share, and manage their portfolio as well as deposit and withdraw money from anywhere, anytime.. .
Kopano is improving the way insurance is delivered to emerging markets by creating highly scalable, flexible, low-cost digital solutions. Kopano’s combination of mobile-first user experiences and core insurance systems allows for the quick launch of products which are supported by efficient and low-cost servicing models.
Our machine learning and AI capabilities enable a high degree of user personalisation and the ability to uncover behavioural and underwriting insights. Kopano has deployed solutions in the short- and long-term industries catering for consumers across all income levels..
StokFella is a company that is looking to revolutionise a 19th-century practice into a modern and tech-savvy sector. Our Dream is to provide every ordinary hard working citizen; an opportunity to pursue financial freedom through their Stokvel.
StokFella was born from a question of, is there be a better way to manage stokvel administration burdens? The purpose of StokFella is to put the power of informed financial management and financial decision-making in the hands of all Stokvels while allowing everyday South Africans to participate in the economy of the country. Having launched in early 2016 but researched and self-funded for more than 2 years prior; StokFella launched solution allows stokvels to organise, manage, communicate, visualise and be more efficient in growing their wealth.
By having stokvel groups and their members run in an orderly and a professional manner and succeeding in their objectives, StokFella believes that stokvels will be able to move towards a richer future benefiting the members and their wider communities.. .
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence.
We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!. .
Nobuntu designs and distributes community-minded savings products designed to help South Africans prepare for old age. Nobuntu was founded to solve a problem.
Their aim is to ensure that all South Africans are able to grow old in comfort. Through achieving this they hope to revolutionise the retirement savings industry in South Africa.
At Nobuntu, they believe that every South African deserves to grow old in comfort, irrespective of when they began planning for the day that they would stop earning a salary.. .
GetVanced is a Income advancing platform based on employee’s earned income. Millions of low-income workers live from one pay day to the next and are financially stressed.
The most pressing everyday issue for South Africans is managing cash flow and the biggest issue is timing mismatches between income and expenses because they lack a savings buffer.. .
Fincheck is a user-friendly online portal which provides totally independent, unbiased and transparent facts and figures about similar financial products on offer from different financial services institutions. Fincheck, founded in November 2015, is modelled on the successful tech start-up MoneySupermarket, a British price-comparison website.
Fincheck gathers information from South African lenders, banks, and debt consolidation partners and matches consumers’ requirements, provides comparable information on relevant products being offered by various financial institutions, and once the consumer has made their choice, it links them with the financial service provider that best meets their needs. In turn, ordinary South Africans are able to access the financial market more easily.
No other South African website gathers as in depth information or works as closely with financial services partners as Fincheck. We recommend only registered financial services providers.
It, therefore, helps users to avoid loan sharks and Ponzi schemes. It is expanding the number of credible partners it works with all the time.
Fincheck allows users to compare 26 different financial products from various services providers. These range from loans (personal and student), cheque accounts and debit cards all the way through to foreign exchange and unit trusts.
The number and range of products available for comparison on Fincheck are growing all the time. Fincheck helps users choose the product which will best suit their needs and their pockets.
Entersekt is an innovator of mobile-first fintech solutions. Financial services providers and other enterprises rely on its patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel.
Entersekt serves clients in North America, Europe, and Africa, and has offices in all three markets.. .
Fo-Sho is a peer-to-peer insurtech that is powered by technology to bring affordable short-term insurance to South African markets. Fo-Sho is able to provide affordable and transparent short-term insurance to peer-to-peer groups.
Technology is used as an enabler to bring down the barriers to wider adoption of insurance.. .
Mama Money is the world’s first social business for remittances. Using the internet and cell phone technology to make sure your hard earned money is sent chop-chop at the lowest possible cost to you.
This also means more of your money will arrive with your family or friends. Mama is helping you send money home now..
The Problem Statement: We are living in exponential times… The 4th industrial age has brought about many revolutions ranging from telecommunication (Whats App), to accommodation (AirBnB) and transportation (Uber). How come is Banking still a broken system? It’s a barrier of bricks with legacy costing South African consumers over R 100bn per year in fees.
It limits consumer choice and financial equality. The Bettr Mission: We’re on a mission to change this.
Instead of building more brick’s n walls that divide us; Bettr is creating an open financial network that unites us! Who is Bettr? A South African Fintech Company revolutionizing traditional finance. It’s co-created together with 5000 (and growing) community members. Who is the Bettr Team? Team Bettr is a collective of serial entrepreneurial disruptors.
We’re a founder-funded, angel-backed financial revolution in the making. Every day we serve a purpose of empowering people to unlock their worth.
Tobie van Zyl CEO & Founding Partner Andrzej Stempowski CTO & Co-Founder Previous Senior Roles & Collaborations : Capitec Bank, Sanlam, Swarm Loyalty, Liberty Life, Standard Bank, Kulula, Santam, Liquorice, Get Smarter, Old Mutual, Feenix.org, Get Bucks, Barclays, Now Boarding, Momentum, Cultivate Communications, Heir Made, Team Geek, and Red Team Intelligence. What is the Bettr Offering? Bettr is a virtual banking experience powered by your smartphone.
Instead of taking money from you, Bettr invests in you. Value Proposition: Paperless KYC account opening Zero monthly fee bank account Contactless no-swipe-fee debit card Financial guidance powered by Ai Rewards you like a credit card without the fees Helps you Invest as you spend at 100’s of partners The more you invest, the more interest you earn.
Root drives the digital transformation of financial services by empowering software developers to build the future of banking and insurance. We package all the difficult things behind easy to use APIs.
The existing world of financial services is murky, inaccessible and dominated by cumbersome businesses that struggle to innovate. We’re building programmable banking and insurance..
iKhokha, a Durban based fintech startup, offers a device that is a low-cost mobile payments solution, helping merchants accept card payments.The iKhokha app enables users to complete a number of activities such as capturing cash, processing card and mobile payments. Masterpass acceptance is now integrated into the iKhokha mobile application.
iKhokha is backed by Capital Eye Investments.. .
PayFast is a payments processing service for South Africans and South African websites. It facilitates secure and instant transfer of money between online buyers and sellers.
PayFast enables sellers, individuals, businesses, and charities to accept secure payments from online buyers in a variety of ways. It processes credit cards, instant EFT, bitcoin, and more.
PayFast was launched in 2007 by Jonathan Smit and Andy Higgins.. .
Property ownership is one of the great differentiators between the rich and the poor. The rich own property.
The rest simply can’t afford it. ProsperiProp changes that.
Property ownership is one of the great differentiators between the rich and the poor. The rich own property.
The rest simply can’t afford it. ProsperiProp changes that.
ProsperiProp is fintech platform that makes it possible for people from all walks of life to own property and ultimately create their own personal wealth. Our software harnesses the power of cloud computing, the blockchain and the accessibility of the Internet to sell micro portions of property.
While a micro portion of property costs a fraction of the price of the whole it offers the same stable investment growth opportunities. This makes ProsperiProp an exceptionally valuable wealth creation product for the mass market.
Cassava is a specialised Pan-African Fintech company that delivers innovative digital transaction solutions across the mobile ecosystem. They endeavor to operate wherever money changes hands, with an ambition to drive financial inclusion, digital payments and lead the adoption of e-Commerce in Africa.
Cassava is constantly looking for ways to introduce solutions that bring developmental impact to a diverse range of African communities, thereby improving their quality of life. These solutions are delivered through our strategic partners such as mobile operators, whom we support in attaining their immediate and long-term strategic goals..
Startupbootcamp Cape Town
Startupbootcamp Cape Town is a leading accelerator focused on scouting for startups in blockchain, connected devices, payment solutions, capital markets and asset management, integrated supply chain, e-commerce, retailtech, insurtech, alternative financing, identity management, digital connectivity, data and behavioral analytics and enabling technologies. The accelerator is anchored by leading corporate sponsors BNP Paribas, RCS, and PwC that will support and grow the program and selected startups.
Global sponsors include Google Cloud, Amazon Web Services, Intel, and Cisco. From a pool of hundreds of applications, Startupbootcamp Cape Town will select the 10 most promising teams, and will provide each team with €15,000, 100+ highly engaged mentors from the FinTech, InsurTech and RegTech industries, free office space, access to funding and a network of industry partners, investors and venture capital firms..
Electrum Payments delivers payments systems. They provide specialist consulting and custom software to banks, payment processors, retailers, card schemes and payment system vendors.
Their consultants have a proven track record and an excellent reputation for delivering complex high-end payments projects. Electrum Payments was founded in 2012 by Dave Glass, Eon Joubert and Dirk Potgieter..
Uprise.Africa is the Equity Crowdfunding platform for South Africa. The platform links both the online and real-world ecosystem to create a new innovative space for capital raise and small business investment.
In order to present a unique offering to Business Owners and Investors alike, Uprise.Africa sources exceptional businesses and assists Entrepreneurs in crafting their pitches. The platform allows Investors to invest capital into SA businesses in exchange for equity shares.
Through extensive vetting, legal and compliance, Uprise.Africa will create a space that is credible, transparent and trustworthy. The platform enables trust to be built between Investors and Entrepreneurs and in doing so creates a supportive business ecosystem.
Uprise.Africa is disrupting the traditional funding landscape by providing an alternative method for small businesses to raise capital. Entrepreneurs have access to a new way of accessing funds, they will also be able to grow their network and gain market validation..
Artis Turba is a global digital asset exchange with it’s head office in South Africa. Founded in 2017 and officially launched in September 2018 with Fiat (ZAR) pairs as well as Crypto/Crypto pairs to the wider global market through a total of 32 pairs.
The ARTIS token is the exchange native token and shares 50% of trading fee revenue with its holders.. .
Transaction Capital’s divisions operate in market segments perceived to be of higher risk, in which they apply specialised credit, risk, analytics and capital management competencies to achieve scale and leading positions. Transaction Capital focuses on augmenting and refining these distinctive competencies to facilitate deeper vertical integration in its chosen market segments and to enhance its divisions’ ability to leverage these competencies in new, adjacent markets, which serves to progressively enhance their customer value propositions and sustainable competitive advantage.
Transaction Capital’s unique business model rests on excellent human capital and highly differentiated intellectual property and technology capabilities, driven by a strong entrepreneurial culture. Transaction Capital leverages these strengths to position its businesses to take advantage of opportunities arising from South Africa’s macro- and socio-economic context.
This results in highly defensive businesses able to withstand difficult economic conditions, and translates into the creation of broader stakeholder value and societal relevance by fulfilling the specific finance needs of small- and medium-sized enterprises and other entities unable to access conventional credit and, through its risk services division, contributing to the effective functioning of the broader credit system. Transaction Capital’s strategy and business model continue to be refined in response to its operating context and as it manages its assets to realise the highest value for its stakeholders over time.
This is evidenced by the performance and continued progress in enhancing the capabilities and market positioning of the two divisions over the year.. .
RainFin is a lending marketplace that connects lenders directly with high-quality individual, business or corporate borrowers. Launched in 2012, in response to the increased cost of traditional lending.
RainFin was South Africa’s first lending marketplace. It pioneered a viable alternative for quality borrowers looking for access to finance and lenders looking for returns that are higher than fixed deposits or the stock market.
RainFin’s vision is to remove traditional costs or barriers for borrowers and lenders through innovative technology, thereby creating a truly transparent and fair marketplace.. .
Merchant Capital South Africa
Merchant Capital provides SMEs in South Africa with lump sum, unsecured, cash advances within 24-48 hours in exchange for a fixed percentage of future card revenue. Merchant Capital is an alternative provider of working capital for SME’s.
It was started in response to the high failure rate among small businesses caused by lack of funding. Our vision is to become the leading provider of disruptive financial services products to small and medium businesses in emerging markets.
Because our company was created by entrepreneurs who really understand what running a business is about, we know small businesses can’t rely on easy access to traditional options. We also know there’s a need for trusty cash flow alternatives.
And this is why we use a unique funding and payment model to provide a working capital injection for growing businesses.. .
Fundamo (Proprietary) Limited provides mobile financial solutions for banks, financial organizations, and mobile network operators in South Africa and internationally. It offers Fundamo Enterprise Edition, a mobile financial services enterprise platform; Fundamo Mobile Wallet that provides transformational mobile financial services; and Fundamo Mobile Banking that enable banks and financial institutions to provide mobile banking as an electronic channel to access existing accounts.
Fundamo (Proprietary) Limited also provides Fundamo Mobile Remittance connecters that offer consumer remittance options for the Fundamo Enterprise Platform owners; mobile commerce modules that provides configurable integrated payment and purchasing options; and mobile debit card modules, which provide facilities to issue a debit card using the Fundamo Mobile Account. The company was founded in 2000 and is based in Cape Town, South Africa.
Fundamo (Proprietary) Limited operates as a subsidiary of Sanlam Ltd.. .
Slide Financial offers a set of configurable APIs and tools that allow companies to facilitate their own payments. Slide APIs can easily and efficiently be integrated into apps and websites to facilitate payments for marketplaces and platforms.
With Slide’s routing and payout engine, it’s possible to pay out users quickly and reduce operational overheads. Slide powers apps such as the Slide App and Pay & Connect which have strong proof of concept in the marketplace..
Youi is an Australian insurance company that provides its users with various products, including vehicles, buildings and content, and warcraft and business liability. It offers direct financial product advice to its clients through its online platform, email, or telephonically by its staff.
Youi charges a fixed premium from its clients for the services provided by the company. The company focuses on handling its clients’ claims efficiently as well as promptly..
About Personal financial management made easy online | Join our beta site today | www.moneysmart.co.za Company Overview moneysmart is a technology innovator with a global vision to disrupt the world of online personal finance and create a socially integrated open-platform to connect financial institutions to you and empower you to be in control of your finances. The concept is the brainchild of Tobie van Zyl and Zulfiq Isaacs that came together in 2008 with a common purpose to develop a next generation online financial services venture.
Today, the company is made up of a team of savvy digital mavens, all passionate about building the most innovative online financial management platform and dedicated to a common mission, to shift financial control to you. Having initially launched in South Africa, moneysmartâ€™s global rollout plan includes extending its footprint into Europe and other markets through strategic partnerships in time.
Description moneysmart, South Africaâ€™s FREE online personal financial management platform, launched into BETA on 15 September 2011. The first release includes innovative features that make managing money, smart and easy for everyone.
Use our intuitive budgeting tool to easily setup and track your spend, be notified with alerts when you reach or exceed your limits, know your credit status with our 3-in-1 credit report, interact with experts in our community, search for financial products that best suit your needs in our marketplace, set financial goals and visually capture your dreams. moneysmart will be releasing new functionality and add-ons on a regular basis including a mobile and paid-for premium subscription service with value-added features that will be introduced in progress.
Mission moneysmartâ€™s mission is to shift financial control to you and empower you to reach financial freedom. moneysmart -shift financial control to you – #shift_ctrl www.moneysmart.co.za.
SASA is a digital FinTech company that leverage data and tech to take friction out of finance. The company partner with mobile network operators to design solutions that enhance the mobile money landscape.
By providing relevant products for their customers, they aim to improve the MNO’s relevance and longevity. SASA is a small and agile start-up with concrete experience to build and improve on.
The company is a pure digital fintech company, built to scale, with data and tech at our core.. .
Arcus Capital has created a robo advisor with advanced investment algorithms that trawl the market and analyse them using big data. It is a sophisticated wealth management for everyone.
We help you meet your financial goals by using advanced technology while saving.. .
Kukura Capital (Pty) is a private company headquartered in Pretoria, South Africa. The company is expanding into financial technology, but it is best known for its online platform that teaches financial education.
Kukura Capital provides for an online platform that teaches users about how to effectively and efficiently manage its personal finances. In addition to this it also offers consulting services to SME’s that wish to create e-commerce stores and networks..
irvantage is the premium Fintech provider of mobile financial and Value-Added Services for Mobile Network Operators across numerous emerging markets and across multiple continents. Airvantage is a leading innovator of value added services across numerous emerging markets and across multiple continents.
Our team is dedicated to developing and delivering the most innovative solutions that grow & monetize our clients’ businesses. We provide a wide range of offerings, from Digital and Mobile Financial Services to Advertising, Content and Marketing solutions, all through Big Data and cutting edge proprietary Analytics tools.
Our systems process over 100 million transactions monthly and have exceeded $1 Billion loans advanced. Airvantage has a presence in more than 15 countries and a continues its expansion to new markets globally.
Our mission is to innovate ways for Mobile Operators to monetize untapped opportunities, increase their revenues and provide better services that help retain loyal customers, by providing end-to-end solutions that radically change the way people and businesses interact in emerging markets where the majority of the population remains unbanked. Airvantage offers its network partners fully managed and capitalised solutions with zero cost or downside risk.
Our team are specialists with many years’ experience in micro-lending, consumer finance big data analytics and cellular operations.. .
We’re taming the wild west of crypto currencies and the decentralized economy, by bringing bank account-like functionality to people, but without custodial risks. In a nutshell, we’ve developed a decentralized financial solution that allows users to have all the convenience and security of traditional mobile banking, without needing to trust a third party custodian with their funds.
Current features: – Sending, receiving, and storing of over 1 000 cryptocurrencies – 100% non-custodial. No central control; not even we have access to your funds – Spending Limits – Lost Account Recovery – Theft/Fraud Protection – Meta transaction relay functionality (which allows a user to pay transaction fees in any currency he chooses) – Android and iOS Future features we are planning – Will and Estate Planning – Digital Safety Deposit Boxes – Fixed Term Deposits – Decentralized Loans/Lending integration – More bank-like products.
Fedgroup is an independent investment and insurance company investing in smart technology and provides employee benefits and investment plans. Their in-house administration systems respond to their clients needs efficiently and effectively that drives down the cost of their products.
The company’s investment is backed up by participation bonds that make it secure. Through their finance structure, the company facilitates the ownership of commercial property for business owners or investors who wish to diversify their portfolios.
Fedgroup was founded in 1990 and is headquartered in Johannesburg, South Africa.. .
Africa Trust Academy
Africa Trust Academy is an education company dedicated to inspiring and educating people for economic growth and transformation. ATA is democratizing financial education using their Pranary System.
Many people are impoverished not because they do not have money but because they do not understand the basics of personal financial management. ATA addresses the psychology of money to create behavioural change .
They want to impact a billion people in financial literacy within 10 years by utilizing exponential technologies and modern tools.. .
Cape Town Stock Exchange
Cape Town Stock Exchange is South Africa’s new international exchange. With the target of serving nearly 5,000 companies from more than 50 countries in the next 20 years with a combined value of R50 trillion by the year 2041.
In the future, Cape Town Stock Exchange’s markets will include the CTSX Market: Cape Town’s flagship venue for equity, debt, and exchange-traded products, offering businesses access to South Africa, Africa, and the world the most liquid pool of capital – and CTSX Exchange – which will be a leading market for small and growing companies. CTSX Exchange will strive to raise R800 billion for small and growing businesses by the year 2041.
Trading participants will access Cape Town Stock Exchange markets via a range of secure, low latency interfaces, including the Order book for Retail Bonds (ORB), which will allow private investors to trade bonds in small denominations, and help companies raise funds. The Cape Town Stock Exchange will also offer a range of real-time and reference data services, facilitating the trading and reporting of securities by members.
Cape Town Stock Exchange will be part of Cape Stock Exchange Group, which will incorporate a range of pan-African trading, technology, post-trade, and index businesses.. .
Imafin is a specialist payment and commercial credit firm driven by innovation on traditional payments models. Through our commercial credit offering, we help suppliers and their customers to focus on their core business by removing credit risk in their procurement transactions, converting credit sales into instant cash and extending payment terms.
We offer this solution in partnership with our partner, Diners Club International, a subsidiary of Standard Bank South Africa. With over 50 years combined experience, you can be assured that our Payments Advisory, Programme Management and Commercial Credit value propositions are best of breed.
It is with these credentials that we have been able to establish key relationships.. .
wanna loan? was created for a sole purpose. They noticed that there was a growing number of South Africans who struggled to access short-term-credit.
Therefore, Their mission is to create a solution that will lift the burden of denial-of-credit for the little things by providing small loans over short periods. In the face of the deficient climate, wanna loan? quickly became South Africa’s premier payday lending company..
Riskflow is a fintech company based in Johannesburg, South Africa founded in 1988, focussing on the creation of enterprise software solutions. What makes Riskflow different is its ability to develop applications to address complex challenges in the financial space.
The source of Riskflow’s differentiation is the fact that it brings together a group of financial services experts with extensive software development capabilities, rather than a software development company with financial service expertise.. .
Causal Nexus is a startup that specialises in next-generation payment systems. Current payment systems are archaic, inflexible and expensive.
Our systems help banks and retailers innovate to create new revenue streams and opportunities to delight customers. In 2017, we rolled out a POS API for Massmart (Walmart), an instant bank card issuance system in Swaziland, and a realtime POS and card transaction monitoring solution in Zambia.
In 2018, we’ve delivered a Mobile Money (mPesa and MTN) solution within Shoprite’s African stores, as well as a PIN Translation Service and a VAS Reconciliation solution within the Massmart group. In 2019, we developed a smart ledger for Standard Bank, which will help them drive their financial inclusion initiative.
We also built a VAS switch, with the Dis-Chem pharmacy group being the first customer.. .
Stock Shop is a leading fintech company that provides a toolbox of platforms that banks and financial institutions can rapidly white-label in order to provide financial education and meaningful services to new and existing clients. Stock Shop was founded at the end of 2013 by Annabel Dallamore who while working at the Johannesburg Stock Exchange realised the pressing need for better, online, meaningful financial education.
The team quickly realised there was a greater need from the industry at large for platforms that financial institutions could utilise to make their businesses more efficient and help their clients find the products and services that suit their specific needs. Stock Shop soon became the go-to for financial institutions looking to rapidly innovate and have industry leading digital platforms.
All of the systems Stock Shop provides leverage the power of technology to make banking and financial services easy, quick, paperless and engaging for clients. Some of the platforms in the Stock Shop toolbox include: Online Academy – which provides trackable, gamified online learning Digital On-boarding & Digital KYC/FICA (for South Africa) Robo-advisor- that utilises the power of emotional and intelligent algorithms Personal Financial Management Tools- to give clients one view of their financial lives Content Aggregators- which allows a financial institutions to tailor the content their clients receive based on the products/services they utilise Our platforms create meaning for savers and investors and their financial lives.
The team are also pushing ahead in the emotional and predictive algorithm space for applications of artificial intelligence in financial services.. .
Paytec is the licensed operator of the new face of transactional business banking in Africa: BankTech. An API-enabled Banking-as-a-Service Platform, connecting businesses directly to the core banking systems of most of Africa’s largest consumer banks.
Regulatory Technology built-in.. .
AirAdvance offers Airbnb hosts access to capital based on their Airbnb history and future confirmed bookings. Allowing Airbnb hosts to cash out future bookings today or take loans based on their Airbnb history.
AirAdvance was created to solve the problem that Airbnb income is mostly unrecognised by traditional finance and lending institutions. We understand that Airbnb hosts are not only opening their homes but are also running businesses.
Just like any small business, hosts may from time to time need access to working capital. We believe that an individual’s Airbnb data can be used to develop an improved risk profile allowing us to offer hosts tailored financial products.
Our vision is to be the global leader in providing bespoke financial solutions to Airbnb hosts.. .
Diga Digital Intelligence
The benefits of smart technology are immense. Let us show you how you can digitise your business end-to-end, integrating all elements into your financial management platform.
Founded in 2013 by Guy Krige and Ryan Coates, Diga Digital Intelligence is a South African practice that specialises in cloud applications that are changing the way advisors connect with their clients. Digital Accountants We are a fully virtual and 100% cloud-based firm with end-to-end business management services and solutions.
Online Applications We provide scalable, connected and cost-effective mobile business applications designed to significantly simplify and grow your business. Connecting Business We provide scalable, connected and cost-effective mobile business applications designed to significantly simplify and grow your business..
RiovicPay is an innovative platform providing banking, money transfer and payment tools designed to enable multiple forms of secure methods designed to provide users with the best convenience possible. When people have access to better options for moving money, the benefits can be significant.
RiovicPay’s vision is to enable people and businesses to send, receive, deposit and withdraw money all over the world, instantly, in real-time without any hassle. We achieve this by integrating existing online and offline payment methods and means into a single electronic service.
The RiovicPay system builds upon the existing financial infrastructure of bank accounts and credit/debit cards and creates a simple, swift and secure payment system.. .
CSI eServices Group Ltd
CSIEG is a secured eServices and digital distribution company. We act as a consumer-driven digital distribution and conversion company of value-added mobile services and back-office aggregation……providing a platform for growth for our customers and their market base.
Our focus is on the entire distribution value chain, from channel development to back-office transaction management, reducing the distribution cost for our customers.. .
Riovic provides a solution that allows users to purchase life insurance when they perceive the greatest need. Consumers who do not have insurance policies can buy protection where and when they need it in less than 1 minute without assuming the responsibility to pay monthly premiums that comes with traditional policies.
During daily commute, consumers are exposed to accidental injury, disability and death. These consumers are able to purchase daily protection through any Riovic distribution channel..
You may write to us at: Daily Finance Media/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.