In recent times, South African business has recorded great success. Some companies have been making waves around Cape Town, while others have been showing impressive growth in other parts of the country, with the long-term aim being to tap into Cape Town’s large population. Startups are beginning to emerge also, especially those which had a solid year in 2020 and are looking to advance further into 2021.
Many of the startups of today specialise in tech. Some companies might offer domestic cleaning services via the use of apps, for example, while other up and coming names might supply impressive technology which can enable farmers to monitor their livestock and crops for any harmful diseases. Alongside this, a variety of entertainment platforms have also surfaced, which compliment a Netflix binge or a gaming session of blackjack at a reputable SA casino. South African business is growing in terms of its reputation as bright young minds aim to create something new and exciting and disrupt a number of different industries in the process.
With some South African startups aiming to go from strength to strength in the coming months and years ahead, here is a look at a selection of startups with huge potential.
Elenjical Solutions
Last year’s National Fintech Award Winner at the South African Small Business Awards, Elenjical Solutions is tipped for even bigger and better things in the future. Founded by Tinu Elenjical, this tech startup specialises in providing innovative software and technology to the investment banking, asset management and insurance markets in the whole of Africa. With the company’s revenue doubling year-on-year over the last four years, Elenjical Solutions has huge potential.
3DIMO
After partnering up with the University of Cape Town, 3DIMO creates groundbreaking new technology which specialises in detecting disease in livestock. A hugely beneficial tool for farmers who rely on livestock to make a living, 3DIMO is on a clear vision to empower farmers globally and make sure they can stay on top of any diseases as soon as they start to occur. Using infra-red precision livestock imagery and a variety of other innovative methods, 3DIMO is helping farmers monitor their livestock’s health and welfare with ease.
Lulalend
A big winner at the 2020 Inclusive Fintech Awards, Lulalend provides business funding to SMEs as they strive to improve the financial services sector. A number of small and medium-sized enterprises have certainly thrived off Lulalend’s support as the company aims to grow further in the coming months.
Paycode
Another winner in the 2020 Inclusive Fintech Awards, Paycode focusses on enabling those who live in rural areas to have access to biometric digital identity. The company also offers low-cost access to basic financial services in the type of areas that so desperately need them. An admirable company on a big mission, Paycode is one to keep an eye on.
Stokfella
With the company’s aim being to help stokvels manage, communicate, visualise, consolidate and analyse their stokvel activity financials, Stokfella is a name on the lips of many industry experts at the moment. Named as the Best Financial Solution at the 2020 MTN Business App of the Year Awards, Stokfella is an avid supporter of small businesses and has kept a number of struggling operations afloat in recent times.
Skynamo
After securing funding from a US-based venture capital firm, Skynamo is a tech startup with a seemingly bright future ahead of it. A field sales platform widely used by wholesalers, distributors and manufacturers, Skynamo has been on the receiving end of a number of plaudits lately. Skynamo is one to watch in 2021.
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