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69 Best and Most Innovative South Africa Based Payment & Fintech Firms and Startups

This article showcases our top picks for the best South Africa based Payment & Fintech companies. These startups and companies are taking a variety of approaches to innovating the Payment & Fintech 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:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Top South Africa Payment & Fintech Startups

Data sourced from Crunchbase and SemRush.

Yoco

Yoco

Crunchbase Website Twitter Facebook Linkedin

Yoco is a point-of-sale payments provider for small businesses in Africa.

MFS Africa

MFS Africa

Crunchbase Website Twitter Facebook Linkedin

Simple and relevant mobile financial services. Africa’s largest mobile money aggregator.

MFS Africa

TymeBank

Crunchbase Website Twitter Facebook Linkedin

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

MFS Africa

PayGate

Crunchbase Website Twitter Facebook Linkedin

PayGate offers leading payment services to enterprise companies worldwide.

MFS Africa

Ozow formerly known as i-Pay

Crunchbase Website Twitter Facebook Linkedin

I-Pay is an instant EFT payment service in South Africa that allows your customer to make secure online payments directly into your bank.

MFS Africa

Adumo

Crunchbase Website Twitter Facebook Linkedin

Adumo is a privately held independent payment service provider.

MFS Africa

Nomanini

Crunchbase Website Twitter Facebook Linkedin

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

MFS Africa

Ukheshe

Crunchbase Website Twitter Facebook Linkedin

uKheshe is a micro transaction platform.

MFS Africa

Payment24

Crunchbase Website Twitter Facebook Linkedin

Payment24 is an International Fuel Payment Solutions Provider based in Cape Town and Berlin

MFS Africa

Peach Payments

Crunchbase Website Twitter Facebook Linkedin

Peach Payments provides payment solutions to online and mobile businesses.

MFS Africa

Sticitt

Crunchbase Website Twitter Facebook Linkedin

Sticitt is a cashless payment platform.

MFS Africa

SnapScan

Crunchbase Website Twitter Facebook Linkedin

SnapScan is a free and fast way to pay using your phone.

MFS Africa

iKhokha

Crunchbase Website Twitter Facebook Linkedin

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

MFS Africa

Payflex

Crunchbase Website Twitter Facebook Linkedin

Payflex is an online payment product that enables shoppers to shop now and pay in 4 equal installments.

MFS Africa

Payfast

Crunchbase Website Twitter Facebook Linkedin

PayFast is a payments processing service for South Africans & South African websites. It integrates into 80+ different ecommerce platforms.

MFS Africa

Bettr

Crunchbase Website Twitter Facebook Linkedin

Digital banking powered by your smartphone.

MFS Africa

Tapsnapp

Crunchbase Website Twitter Facebook Linkedin

Tapsnapp is an on-demand payments platform designed to help photographers manage clients and get paid online.

MFS Africa

Paycorp Holdings

Crunchbase Website Twitter Facebook Linkedin

Paycorp Holdings is a leading provider of payment solutions in developing economies.

MFS Africa

Altech NuPay

Crunchbase Website Twitter Facebook Linkedin

Altech NuPay is a transaction service provider that specialises in payment and collection solutions.

MFS Africa

Electrum

Crunchbase Website Twitter Facebook Linkedin

Electrum builds software that represents the next generation of payments technology.

MFS Africa

TASKIT

Crunchbase Website Twitter Facebook Linkedin

Errand Marketplace in South Africa

MFS Africa

Payments Association of South Africa

Crunchbase Website Twitter Facebook Linkedin

PASA is the payment system management body recognised by the South African Reserve Bank (SARB).

MFS Africa

Ecentric

Crunchbase Website Twitter Facebook Linkedin

Ecentric is a payment switching and retail value added services provider.

MFS Africa

FomoTravel

Crunchbase Website Twitter Facebook Linkedin

FomoTravel is a unique social savings platform that allows keen travellers to pay for future travel experiences.

MFS Africa

walletDoc

Crunchbase Website Twitter Facebook Linkedin

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

MFS Africa

Uprise.Africa

Crunchbase Website Twitter Facebook Linkedin

The first Equity Crowdfunding platform in South Africa

MFS Africa

Netcash

Crunchbase Website Twitter Facebook Linkedin

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

MFS Africa

PayCode Inc

Crunchbase Website Twitter Facebook Linkedin

Patented card-linked offer platform bringing SKU based deals to consumers and real time cash off. Changing the way people save!

MFS Africa

PayJustNow

Crunchbase Website Twitter Facebook Linkedin

PayJustNow offers a risk-free payment option to pay the amount in 3 installments with zero interest to online shopping.

MFS Africa

Wallettec (Pty) Ltd

Crunchbase Website Twitter Facebook Linkedin

Wallettec is a SaaS platform that enables retailers to accept any type of mobile transaction or currency type at their Point of Sale.

MFS Africa

Virtual Card Services (VCS)

Crunchbase Website Twitter Facebook Linkedin

VCS is a player in the online payment market enabling the companies to accept payments effectively, securely and in real-time.

MFS Africa

Karri

Crunchbase Website Twitter Facebook Linkedin

Karri system allows parents to easily pay for their child’s events and other expenses using mobile application.

MFS Africa

MyGate

Crunchbase Website Twitter Facebook Linkedin

MyGate is a financial services and payment solutions company that provides platforms for switch financial transactions.

MFS Africa

SiD Secure EFT

Crunchbase Website Twitter Facebook Linkedin

SiD Secure EFT is an innovative online payment solution which facilitates real-time EFT payments to a merchant’s bank account.

MFS Africa

Slide Financial

Crunchbase Website Twitter Facebook Linkedin

Slide Financial offers customizable mobile payment solutions for platforms and marketplaces.

MFS Africa

BankservAfrica

Crunchbase Website Twitter Facebook Linkedin

BankservAfrica is an automated clearing house that builds and operates an interbank payment infrastructure & business enhancement.

MFS Africa

Dashpay

Crunchbase Website Twitter Facebook Linkedin

Dashpay offers excellent service and great card acquiring rates for SME’s.

MFS Africa

Xago Technologies

Crunchbase Website Twitter Facebook Linkedin

Xago Technologies provides secure, traceable and effective financial solutions.

MFS Africa

LayUp Technologies

Crunchbase Website Twitter Facebook Linkedin

LayUp Technologies is a payment solution company.

MFS Africa

BoxCommerce

Crunchbase Website Twitter Facebook Linkedin

BoxCommerce is a platform for small and medium-sized businesses to create eCommerce websites.

MFS Africa

Stanchion

Crunchbase Website Twitter Facebook Linkedin

Stanchion provides payments security, consulting, payment management support and systems integration solutions for banks and credit unions.

MFS Africa

Vizibiliti Insight Africa

Crunchbase Website Twitter Facebook Linkedin

Vizibiliti Insight Africa is a Fintech business specialising in alternative credit scoring.

MFS Africa

Innervation

Crunchbase Website Twitter Facebook Linkedin

Innervation is a payment and value added services business that offers payment services to retail and broader financial service sectors.

MFS Africa

Bitsure

Crunchbase Website Twitter Facebook Linkedin

Bitsure is an interoperable payment platform that enables retailers to accept new and innovative payment methods in-store.

MFS Africa

Crossgate

Crunchbase Website Twitter Facebook Linkedin

Crossgate is a payment card manufacturers, mobile payment experts, processors and other technology providers that enable commerce.

MFS Africa

Wax’d

Crunchbase Website Twitter Facebook Linkedin

Wax’d is an EFT aggregator that processes mobile & online EFT transactions at a low cost.

MFS Africa

Emerge Mobile

Crunchbase Website Twitter Facebook Linkedin

Emerge Mobile is a services and technology provider that serves SME’s through mobile innovation.

MFS Africa

African Resonance

Crunchbase Website Twitter Facebook Linkedin

African Resonance is a market leader in South Africa’s national payment system through its privately owned terminal network Resonet.

MFS Africa

Inter Africa

Crunchbase Website Twitter Facebook Linkedin

Inter Africa is a company that deals with currency exchange services, Prepaid Travel Cards,forex,passport and other such services.

MFS Africa

Connectnet Broadband Wireless (Pty) Limited

Crunchbase Website Twitter Facebook Linkedin

Connectnet specialises in providing payment communications services (specifically point-of-sale / credit card transactions).

MFS Africa

Imafin

Crunchbase Website Twitter Facebook Linkedin

Imafin is a specialist payment and commercial credit firm driven by innovation on traditional payments models.

MFS Africa

Candystick

Crunchbase Website Twitter Facebook Linkedin

Candystick is a safe online money box.

MFS Africa

Three Peaks Payment House

Crunchbase Website Twitter Facebook Linkedin

Offering debit order payment systems to small to mid-sized companies.

MFS Africa

Rand Trust Financiers

Crunchbase Website Twitter Facebook Linkedin

Invoice discounting is a fast, effective and affordable way to increase your cash flow.

MFS Africa

Kazang

Crunchbase Website Twitter Facebook Linkedin

Kazang provides value-added transaction services with DSTV subscription payments and RICA registration.

MFS Africa

Noble Brothers Consult

Crunchbase Website Twitter Facebook Linkedin

Noble Brothers Consult is a provider of financial software design and project management.

MFS Africa

Jalia Technologies

Crunchbase Website Twitter Facebook Linkedin

Developer of Enterprise Cloud Solutions

MFS Africa

i-Pay

Crunchbase Website Twitter Facebook Linkedin

i-Pay focuses on secure payment processing services.

MFS Africa

Celbux

Crunchbase Website Twitter Facebook Linkedin

Celbux is a cloud-based transactional software and platform.

MFS Africa

Allxs

Crunchbase Website Twitter Facebook Linkedin

Allxs is a one stop platform that offers customized technology solutions to manage payments and cashless transactions.

MFS Africa

ZipZap

Crunchbase Website Twitter Facebook Linkedin

ZipZap’s philosophy is all about growing small businesses by giving them a mobile, cost-effective POS payment solution.

MFS Africa

Triloq

Crunchbase Website Twitter Facebook Linkedin

Triloq is a digital design company that specializes in online marketplace design.

MFS Africa

Setcom

Crunchbase Website Twitter Facebook Linkedin

Setcom has been a leading South African Payment Service Provider since 1998.

MFS Africa

Real Pay

Crunchbase Website Twitter Facebook Linkedin

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

MFS Africa

RiovicPay

Crunchbase Website Twitter Facebook Linkedin

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

MFS Africa

AirAdvance

Crunchbase Website Twitter Facebook Linkedin

AirAdvance solves the problem that Airbnb income is mostly unrecognized by traditional finance and lending institutions.

MFS Africa

Swift Merchant Services

Crunchbase Website Twitter Facebook Linkedin

Swift Merchant Services is a company that offers online payment solutions primarily to businesses in South Africa.

MFS Africa

Entellipay

Crunchbase Website Twitter Facebook Linkedin

Entellipay was a credit card processing technology/payment gateway developed by Entelligence prior to its acquisition by MyGate

MFS Africa

Wunderlust

Crunchbase Website Twitter Facebook Linkedin

Wunderlust aims to make travel more affordable to locals by offering monthly installment payments for local and international flights.

Written by Tenner Smith

Tenner Smith - I have experience in financial intelligence and automated intelligence. In industry I have worked on artificial intelligence and machine learning. Tenner Smith is a reporter at DF media.

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