Top startups in Southern Africa for 2024

In Southern Africa, we rank 573 startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Startups in Southern Africa are falling behind the performance of their global counterparts.

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Top Unicorns in Southern Africa for 2024

SB Score:654

Cell C Limited is a South African mobile operator focused on digital inclusion. As a Level 2 BBBEE company, they prioritize customer satisfaction and aim to improve lives through technology.

Industry:
Software & Data
Subindustry:
Apps

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2nd

Flow
SB Score:406

Flow is a property marketing platform that automates social media marketing for estate agents and property developers.

Industry:
Ecommerce & Retail
Subindustry:
Proptech

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Total amount:2

Best Startups in Southern Africa for 2024

SB Score:584

TymeBank is a South African fully black-owned and controlled investment company.

Industry:
Fintech
Subindustry:
Online Banking

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2nd

Luno
SB Score:583

Luno provides a secure and user-friendly platform for buying, storing, and learning about cryptocurrencies in South Africa. Simplifying the process, Luno makes it easy for users to invest and educate themselves in the world of digital currencies.

Industry:
Fintech
Subindustry:
Financial Technology

City Rank (Cape Town)

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3rd

Yoco
SB Score:582

Yoco empowers 100,000 small businesses in South Africa to accept payments seamlessly in-store, online, and on-the-go.

Industry:
Fintech
Subindustry:
Fintech-Other

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I-Pay is a secure instant EFT payment service in South Africa, enabling customers to make online payments directly into your bank account. Simplify transactions with ease and peace of mind.

Industry:
Fintech
Subindustry:
Financial Services

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SB Score:557

Peach Payments simplifies online and mobile payment acceptance in emerging markets like South Africa. Offering various payment methods, including mobile and electronic wallets, bank transfers, and cards, Peach Payments provides PCI compliant website integration, iOS and Android SDKs, fraud prevention, and flexible API options for merchants.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Cape Town)

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SB Score:549

A Cape Town-based fintech company offering innovative financial solutions. Providing users with a seamless platform for managing their finances, investing, and making payments. Join us in revolutionizing the way you handle money.

Industry:
Fintech
Subindustry:
Accounting

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SB Score:541

Stitch is an API infrastructure company. We enable simple, easy access to user financial accounts. Our mission is to make it easier for businesses across Africa to build, optimise and scale financial solutions.

Industry:
Fintech
Subindustry:
Financial Services

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SB Score:523

A tech company in Cape Town offering innovative solutions for businesses. Specializing in software development and digital marketing services to help clients grow and succeed in the digital world.

Industry:
Hardware & IoT
Subindustry:
Internet of Everything

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SB Score:523

Pineapple simplifies insurance for users by letting them snap pictures of their belongings on their phones to receive quotes and coverage. Get insured easily and comprehensively with Pineapple's innovative mobile platform.

Industry:
Fintech
Subindustry:
Insurance

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SB Score:516

Carry1st creates engaging social games and interactive digital commerce apps for the African market, providing a unique and entertaining experience for users.

Industry:
Social & Leisure
Subindustry:
Entertainment

City Rank (Cape Town)

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11th

VALR
SB Score:510

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.

Industry:
Fintech
Subindustry:
Cryptocurrency

City Rank (Johannesburg)

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Total amount:573

Most Funded Startups in Southern Africa for 2024

The top three most funded startups in Southern Africa have raised total funding of more than USD 584M. Among the top three funded startups, the most popular industry, based on total funding, is Fintech.

SB Score:584

TymeBank is a South African fully black-owned and controlled investment company.

Industry:
Fintech
Subindustry:
Online Banking

City Rank (Johannesburg)

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National Rank (South Africa)

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2nd

Yoco
SB Score:582

Yoco empowers 100,000 small businesses in South Africa to accept payments seamlessly in-store, online, and on-the-go.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Cape Town)

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National Rank (South Africa)

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SB Score:523

A tech company in Cape Town offering innovative solutions for businesses. Specializing in software development and digital marketing services to help clients grow and succeed in the digital world.

Industry:
Hardware & IoT
Subindustry:
Internet of Everything

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Total amount:573

Top Hiring Startups in Southern Africa by Employee Number

The top three hiring startups in Southern Africa have an average employee size that is smaller than to the global average. Among these, the Software & Data industry features the startup with the largest workforce.

SB Score:364

Revolutionize medical referrals with a mobile app that connects patients to specialists instantly. Get quick access to top healthcare providers, schedule appointments, and receive personalized care recommendations all in one place. Say goodbye to long wait times and confusion with this convenient and efficient solution.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Cape Town)

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SB Score:283

Naspers operates global platforms in internet services (ecommerce, classifieds, online retail), pay television, and print media. Their services include online shopping, TV subscriptions, and digital news.

Industry:
Software & Data
Subindustry:
Comtech

City Rank (Cape Town)

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SB Score:286

Promasidor offers top-quality food products in Africa, including milk powders, culinary items, beverages, and cereals. Affordable, delicious, and nutritious, our products are the perfect choice for consumers across the region.

Industry:
Foodtech
Subindustry:
Food Manufacturing

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SB Score:228

Lesaka is a South African financial technology company. We deliver financial services to consumers (B2C) and merchants (B2B) in Southern Africa through our proprietary banking and payment technologies.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Johannesburg)

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National Rank (South Africa)

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Total amount:573

Explore the Startup Ecosystem of Southern Africa

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Regional Rank

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Global Rank

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Best Software & Data Startups in Southern Africa for 2024

Southern Africa startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data startups in Southern Africa have raised more than USD 70.5M, an amount that is higher than the global industry average.

SB Score:481

OfferZen connects tech professionals with top South African companies, providing multiple job offers for candidates to choose from. Join the platform to streamline your job search and find the perfect opportunity in the tech industry.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Cape Town)

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SB Score:449

Ikeja offers custom wireless internet solutions for seamless connectivity at any location. Providing fast and reliable internet access, Ikeja's services are tailored to meet the unique needs of each customer. Say goodbye to connectivity issues with Ikeja's innovative solutions.

Industry:
Software & Data
Subindustry:
Enterprise Technology

City Rank (Tembisa)

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National Rank (South Africa)

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Global Rank (WorldWide)

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SB Score:445

CommCare revolutionizes frontline services by providing customers with superior data and empowering their workforce with innovative tools. The mobile data collection platform is designed to enhance efficiency and effectiveness in assisting those in need.

Industry:
Software & Data
Subindustry:
Data Analytics

City Rank (Cape Town)

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National Rank (South Africa)

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Total amount:170

Best Fintech Startups in Southern Africa for 2024

Southern Africa startups in the Fintech industry are overperforming their global industry peers. The top three Fintech startups in Southern Africa have raised more than USD 548M, an amount that is higher than the global industry average.

SB Score:584

TymeBank is a South African fully black-owned and controlled investment company.

Industry:
Fintech
Subindustry:
Online Banking

City Rank (Johannesburg)

0

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National Rank (South Africa)

0

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Global Rank (WorldWide)

0

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2nd

Luno
SB Score:583

Luno provides a secure and user-friendly platform for buying, storing, and learning about cryptocurrencies in South Africa. Simplifying the process, Luno makes it easy for users to invest and educate themselves in the world of digital currencies.

Industry:
Fintech
Subindustry:
Financial Technology

City Rank (Cape Town)

0

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National Rank (South Africa)

0

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Global Rank (WorldWide)

0

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3rd

Yoco
SB Score:582

Yoco empowers 100,000 small businesses in South Africa to accept payments seamlessly in-store, online, and on-the-go.

Industry:
Fintech
Subindustry:
Fintech-Other

City Rank (Cape Town)

0

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National Rank (South Africa)

0

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Global Rank (WorldWide)

0

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Total amount:103

Best Edtech Startups in Southern Africa for 2024

Southern Africa startups in the Edtech industry are overperforming their global industry peers. The top three Edtech startups in Southern Africa have raised more than USD 25.3M, an amount that is higher than the global industry average.

SB Score:428

Enko Education is a network of international secondary schools across Africa, providing students with a pathway to top global universities. Join us for a launchpad to success and unlock endless opportunities for a brighter future.

Industry:
Edtech
Subindustry:
Education-Other

City Rank (Johannesburg)

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National Rank (South Africa)

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SB Score:424

Introducing an online coding bootcamp offering hands-on projects and personalized mentorship to help aspiring developers launch successful careers in tech. Master web development, data science, and more with our flexible, immersive programs. Join us and unlock your potential in the fast-growing tech industry.

Industry:
Edtech
Subindustry:
Edtech

City Rank (Cape Town)

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National Rank (South Africa)

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SB Score:388

Snapplify is a leading edtech company that offers a digital educational marketplace in Africa. They specialize in providing tools for digital learning, making it easier for students and teachers to access educational resources.

Industry:
Edtech
Subindustry:
Edtech

City Rank (Cape Town)

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National Rank (South Africa)

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Total amount:66

Best Countries for Startups
StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Global RankCountryTotal Score

Access subscores for 1000 cities and 100 countries

Quantity Score
Quality ScoreBusiness Score
1st
0
United States
215.001
00.00
00.00
00.00
2nd
0
United Kingdom
55.995
00.00
00.00
00.00
3rd
0
Israel
51.557
00.00
00.00
00.00
4th
0
Canada
38.254
00.00
00.00
00.00
5th
+
1
Singapore
37.736
00.00
00.00
00.00
6th
-
1
Sweden
27.024
00.00
00.00
00.00
7th
0
Germany
25.830
00.00
00.00
00.00
8th
0
France
24.894
00.00
00.00
00.00
9th
+
1
The Netherlands
24.462
00.00
00.00
00.00
10th
+
1
Switzerland
24.081
00.00
00.00
00.00
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