Cape Town: Africa’s Tech Hub on the Rise
Cape Town is recognized as 'Africa’s Tech Capital' and 'Startup Capital of Africa.' The Cape Town–Stellenbosch corridor hosts over 450 tech firms employing more than 40,000 people.
Next Wave: What African startups need to win in the future
Venture funding in Africa dropped to $2.2 billion in 2024, a 25% decrease from the previous year. Only 385 startup ideas received VC backing in 2024, down from 600 in 2022.
New South African Payment Group to Advance Payment Digitization in SA
Formation of ASAPP by eight major non-bank digital payment providers in South Africa. ASAPP aims to enhance customer mobility in payment systems.
South Africa’s Top 5 FinTech Startups and Their Funding
TymeBank is a digital bank that allows users to open accounts online and earn reward points on payments. Yoco provides payment processing solutions for businesses and merchants, including card machines and payment gateways.
Don’t Fall Victim: 5 Tips to Avoid Tap-to-Pay Scams
A recent report documents a 36% increase in tap-to-pay scams in South Africa. Fraudsters use sophisticated tools to intercept card information during tap-to-pay transactions.
