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. Increasingly, fintech is driving this, with almost half of South African startup exits in the last 18 months having involved fintech companies. You can download the South African Startup Ecosystem Report 2022 here, for free. Its research arm releases in-depth reports on various aspects of the African tech startup ecosystem.

Source: The North Africa Journal June 08, 2022 10:22 UTC