South Africa is a startup powerhouse that leads the continent for exits, finds new report (Disrupt Africa)
The report will be a deep-dive into the South African startup scene, utilising Disrupt Africa’s datasets, expertise and networks to document what startups are doing what in the country, who is making investments, and who is providing ecosystem support. It takes as its starting point a list of 490 South African tech startups for which enough data was available. Fintech is a major driver of activity within the South African startup space, the report finds, with 30 per cent of companies active in that space. There are almost three times as many fintech startups in South Africa, in fact, than there are in any other individual vertical. E-commerce and retail-tech are also prominent spaces. Click here to read full article
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