FundedIQ

Recently Funded Financial Services Startups in South Africa

Updated Sep 2026

FundedIQ tracks 42 funded Financial Services startups in South Africa, with their funding rounds, amounts, investors, industries, locations and company details. This page provides an overview of the Financial Services startup funding landscape in South Africa, along with the 42 most recently funded Financial Services startups in South Africa.

Financial Services startups in South Africa closed 15 funding rounds over the last 24 months, 7 of them in the last 12 months, and raised $506M in disclosed capital. The median disclosed round is $16M, with the middle half of rounds falling between $2.3M and $42M. Cape Town and Johannesburg hold the deepest concentrations of these companies.

Early stage ventures dominate this sector. Seed and Pre-Seed companies lead the group, meaning most firms are still building a core product. Since mid-sized teams are the common standard, these startups have enough staff to execute but lack the scale of late stage enterprises. This concentration of early capital creates a market of high growth potential and unproven models.

Financial Services funded startup statistics in South Africa

Funded Financial Services startups in South Africa
42
tracked in the database
Funding rounds, last 12 months
7
15 over 24 months
Disclosed capital raised, 24 months
$506M
12 of 15 rounds disclosed an amount
Median round size
$16M
middle half $2.3M to $42M

Most recent funding round on record: Jun 2026.

42 most recently funded Financial Services startups in South Africa

42 shown

Ordered by the date of the latest funding round. Each row gives the company, its location and industry, what it does, the stage and date of that round, and the disclosed amount.

T
Gauteng, South Africa · Financial Services
Traxtion provides full-service rail freight operations, locomotive operations, and leasing services.
Series Unknown ·
$86M
A
AskMandla
Stellenbosch, South Africa · Financial Services
AskMandla argues that domestic employees should be managed in the same way as large corporations do, with…
Pre-Seed ·
Undisclosed
F
Sandown, South Africa · Financial Services
Fedgroup is an independent investment and insurance company investing in smart technology and provides…
Series Unknown ·
$30M
N
Johannesburg, South Africa · Financial Services
NjiaPay is a payment platform that helps African businesses streamline their payment processes, aiming to…
Seed ·
$2.1M
O
Cape Town, South Africa · Financial Services
Africa's first fraud orchestration platform
Seed ·
$2.4M
L
Cape Town, South Africa · Financial Services
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building…
Series Unknown ·
$21M
T
Cape Town, South Africa · Financial Services
TurnStay helps the travel industry significantly decrease payment expenses and enhance conversion rates.
Seed ·
$1.9M
S
Sticitt
Somerset West, South Africa · Financial Services
Sticitt is a payment platform that operates without the use of cash. It provides services to schools,…
Series A ·
Undisclosed
D
DigiSquad
Johannesburg, South Africa · Financial Services
DigiSquad is a group of entrepreneurs in the payments sector working to increase the availability of digital…
Series Unknown ·
Undisclosed
S
Cape Town, South Africa · Financial Services
Stitch serves as a payments infrastructure firm that expedites the launch and growth of businesses while…
Series B ·
$55M
N
Johannesburg, South Africa · Financial Services
Naked Insurance is the new generation: effortless, transparent and sincere. Naked Insurance offers short-term…
Series B ·
$38M
S
Johannesburg, South Africa · Financial Services
Sourcefin is a financial service company that specializes in providing purchase order funding, invoice…
Series Unknown ·
$8.3M
T
Johannesburg, South Africa · Financial Services
TymeBank is a black-owned and controlled investment company based in South Africa. It is an exclusively…
Series D ·
$250M
A
Johannesburg, South Africa · Financial Services
Athena partners with healthcare professionals to provide patients undergoing medical procedures with the…
Series Unknown ·
$10k
F
Johannesburg, South Africa · Financial Services
Franc is a venture application that assists clients with effective money management more. We genuinely think…
Series Unknown ·
Undisclosed
P
Johannesburg, South Africa · Financial Services
In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to…
Series B ·
$3.7M
S
Simply
Cape Town, South Africa · Financial Services
Simply protects people's financial futures. To satisfy people's needs, they provide life, disability, and…
Series Unknown ·
Undisclosed
M
Mergence Investment Managers
Cape Town, South Africa · Financial Services
Mergence Investment Managers is a boutique asset management company that is predominantly owned by black…
Series Unknown ·
Undisclosed
R
Cape Town, South Africa · Financial Services
Root provides companies with the capability to integrate and market insurance products. By utilizing Root's…
Series Unknown ·
$1.5M
F
Johannesburg, South Africa · Financial Services
Founders Factory Africa is a proactive investor in tech startups at their early stages, focusing on…
Series Unknown ·
$114M
S
Cape Town, South Africa · Financial Services
Sum1 Investments is a financial company that provides investment opportunities specifically tailored for…
Series Unknown ·
$10k
T
Johannesburg, South Africa · Financial Services
We’ve been active in the logistics industry for the past 4 years, having started out as a last mile service…
Series Unknown ·
$10k
S
StableBlock
Johannesburg, South Africa · Financial Services
A new blockchain services company that leverages the power of Non-Fungible Tokens (NFTs) to manage physical…
Pre-Seed ·
Undisclosed
T
Gauteng, South Africa · Financial Services
TUHF is a company that specializes in financing commercial properties. They offer support, risk assessment,…
Series Unknown ·
$11M
M
Moya
Johannesburg, South Africa · Financial Services
Moya Money is an online application designed for businesses to simplify and organize the administrative tasks…
Series Unknown ·
Undisclosed
M
Maia Capital
Gauteng, South Africa · Financial Services
Maia Capital is a boutique financial services organization that provides high-impact investment opportunities…
Series Unknown ·
Undisclosed
P
Stellenbosch, South Africa · Financial Services
Employee benefits platform offering users early access to earned wages at affordable rates while focusing on…
Series Unknown ·
$14M
P
Gauteng, South Africa · Financial Services
Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle.…
Series Unknown ·
$85M
L
Lulalend
Cape Town, South Africa · Financial Services
A FinTech company called Lulalend believes in the potential of small businesses, the need of making a…
Series B ·
$35M
U
Ukheshe Technologies
Johannesburg, South Africa · Financial Services
Ukheshe is a market-leading fintech enabler with a focus on changing the world of payments through the…
Series A ·
Undisclosed
O
Cape Town, South Africa · Financial Services
OVEX is a Cape Town based South African digital asset exchange and OTC trading desk. We bring deep liquidity…
Series Unknown ·
$5.0M
R
Cape Town, South Africa · Financial Services
Revio helps companies increase sales through improved customer service and payment experiences. Our Payment…
Seed ·
$1.1M
A
Bryanston, South Africa · Financial Services
Adumo is a privately held independent payment service provider.
Series Unknown ·
$11M
P
Pet Rock Investments
Cape Town, South Africa · Financial Services
Regulated access to crypto markets.
Seed ·
Undisclosed
T
Cape Town, South Africa · Financial Services
The Cape Town Stock Exchange is a south Africa’s stock exchange for small- and medium-sized businesses.
Venture - Series Unknown ·
$5.1M
M
Johannesburg, South Africa · Financial Services
MFS Africa is the biggest versatile cash between operability center point in Africa, which associates…
Series C ·
$100M
S
Cape Town, South Africa · Financial Services
Sizanani is the primary WhatsApp-first stokvel arrangement in light of the fact that accepts that innovation…
Grant ·
$30k
C
Cape Town, South Africa · Financial Services
CompariSure is an independent life insurance comparison platform. CompariSure provides you with multiple life…
Seed ·
$1.0M
R
Cape Town, South Africa · Financial Services
Root drives the digital transformation of financial services by empowering software developers to build the…
Seed ·
$3.0M
V
Johannesburg, South Africa · Financial Services
VALR.com is a digital asset trading platform where you can buy, sell, store and transfer cryptocurrencies…
·
$3.4M
F
Johannesburg, South Africa · Financial Services
Franc is an investment app that helps users invest more. We believe investing should be accessible to all.…
·
$300k
I
Cape Town, South Africa · Financial Services
Inclusivity Solutions are experts in creating inclusive digital insurance markets. We apply global experience…
·
$1.3M

Where are funded Financial Services startups located in South Africa?

Where funded Financial Services startups in South Africa are based, by the city on the company record.

City
Funded startups
Bryanston
1
Sandown
1
Somerset West
1

Funding stages of funded Financial Services startups in South Africa

How the last 24 months of funding rounds for funded Financial Services startups in South Africa break down by stage.

Stage
Rounds, last 24 months

A further 6 rounds in this period were announced without a stage label and are not ranked above.

About the FundedIQ Financial Services startup funding data in South Africa

FundedIQ tracks announced startup funding rounds and organises them by company, funding date, stage, amount, industry, location and investor. The dataset is refreshed weekly, and new rounds are normalised and de-duplicated before they are published, so the same round reported twice on different dates is recorded once.

Figures on this page cover the 42 funded Financial Services startups in South Africa currently tracked. Round counts, capital totals and the median round are computed over a trailing 24 months. Rounds whose amount was not disclosed (3 of 15 in that period) are counted as rounds but excluded from capital totals and from the median. The most recent round on record for funded Financial Services startups in South Africa is dated Jun 2026.

The table above shows the 42 most recently funded companies. Full funding histories, investor lists and founder contacts across the whole dataset open on a FundedIQ plan.

Frequently asked questions

How many funded Financial Services startups are there in South Africa?

FundedIQ tracks 42 funded Financial Services startups in South Africa. This page lists the 42 most recently funded of them, ordered by the date of their latest round, and the full set is available on a FundedIQ plan.

How much funding have Financial Services startups in South Africa raised?

Financial Services startups in South Africa tracked by FundedIQ have raised $506M in disclosed capital across 15 funding rounds over the last 24 months, including 7 rounds in the last 12 months. 12 of those 15 rounds disclosed an amount; undisclosed rounds are excluded from the capital total.

Which cities have the most funded Financial Services startups in South Africa?

Cape Town leads with 17 companies, then Johannesburg (16), Gauteng (4) and Stellenbosch (2).

What is a typical funding round size for Financial Services startups in South Africa?

The median disclosed round over the last 24 months is $16M, and the middle half of rounds fall between $2.3M and $42M. Round sizes vary widely by stage, so the seed and later-stage bands sit well either side of that figure.

What is the most common funding stage for Financial Services startups in South Africa?

Seed is the most common labelled stage, with 3 rounds in the last 24 months, ahead of Pre-Seed (2) and Series B (2). A further 6 rounds were announced without a stage label and are not counted here.

How often is the Financial Services startup funding data in South Africa updated?

The dataset is refreshed weekly. New rounds are normalised and de-duplicated before they are published, and the most recent round currently on record for funded Financial Services startups in South Africa is dated Jun 2026. Counts and totals on this page are recomputed on every refresh.

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