Best Banking Tech Companies in South Africa
The 68 best Banking Tech companies in South Africa in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Jumo.
- IDC
Our analysis of 50 Banking Tech companies
$7.7b in tracked funding; 98% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Banking Tech companies in South Africa
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Jumo Online marketplace for consumer & business loans and mobile-based banking channels | $304M | 6 mo ago | Series D | — | 2015 | WordPressApple iCloud MailMySQL+28 | 4 signals Leadership · Hiring | 1 job opening · 3 partnerships |
| 2 | Stitch Provider of payment gateway and API products for online payments | $54M | 15 mo ago | Series B | Natalie C Co-Founder & CTO | 2019 | WebflowApple iCloud MailGoogle Workspace+20 | — | 1 launch · 1 partnership |
| 3 | Lula Provider of an internet-first bank offering digital banking services for businesses | $42M | 4 mo ago | Series B | Trevor Gosling Co-Founder & CEO | 2014 | SentryZendeskApple iCloud Mail+26 | 19 signals ▲280% Funding · Capital raise · Leadership | 1 award |
| 4 | TymeBank Provider of the digital bank for individuals | $13M | 60 mo ago | Acquired | — | 2012 | WordPressMySQLPHP+25 | 12 signals Leadership · Announcements · Funding | — |
| 5 | LittleFish Provider of software solutions for finance management | $10M | 5 mo ago | Series A | Davith Kahwa Co-Founder | 2021 | Cart FunctionalityWordPressApple iCloud Mail+25 | — | — |
| 6 | Nomanini Provider of financial inclusion solutions for banks and retail ecosystems | $8M | 44 mo ago | Series B | — | 2011 | — | — | — |
| 7 | Happy Pay Provider of a payment gateway solution | $2M | 3 mo ago | Acquired | Boitumelo Thulo Co-Founder | 2021 | Windows ServerMUIYouTube+20 | — | 4 partnerships |
| 8 | Orca Fraud prevention and compliance tools for banks and fintechs | $550K | 3 mo ago | Seed | Carla Wilby Co-Founder & CTO | 2023 | Webflow EcommerceWebflowSplide+18 | — | — |
| 9 | Wala African neo bank | $380K | 104 mo ago | Series A | — | 2015 | — | — | — |
| 10 | CreditAIs API-based alternative credit scores for small-sized businesses | $100K | 45 mo ago | Funding Raised | Sabelo Sibanda CEO | 2020 | — | — | — |
Top 12 Banking Tech companies in South Africa
#1
Series D · Cape Town, Western Cape · founded 2015 · 242 employees$304.5Mraised▾
Jumo is an online marketplace for consumer & business loans and mobile-based banking channels. It offers lending products that enables entrepreneurs to avail loans & asset finance. The loan amount, life cycle, and repayment method can be configured based on the individual's requirements. It offers an AI-powered technology stack that connects banks with traditionally inaccessible customers and enables banks to deploy loans, savings, and insurance services.
- Dec 2025Venture Debt$7.5M
- Nov 2021Series D$120M
- Sep 2020Series C$52M
- Feb 2020Series C$55M
#2
Series B · Cape Town, Western Cape · founded 2014 · 145 employees$41.5Mraised▾
Provider of an internet-first bank offering digital banking services for businesses. It provides users with a platform that offers banking services to freelancers, startups, growing businesses or SMEs, and more, by allowing them to open business accounts with deposits, business bank cards, payments, transfers, receive payments, savings, cash flow management, and more. It also offers multiple business loans, with a repayment calculator on their platform, and allows businesses to offer buy now pay later financing loans to their customers.
- Feb 2026Conventional Debt$20M
- Nov 2025Conventional Debt$10M
- Feb 2023Series B$35M
- Jun 2021Conventional Debt$416.6K
#3
Series A · Johannesburg, Gauteng · founded 2021$9.5Mraised▾
Provider of software solutions for finance management. It provides users with a fintech company's goal to empower and facilitate trade, especially for small, micro, and nano-business owners. It also aims to streamline the payment process for SMEs by embedding payment functionalities into their daily operations.
- Jan 2026Series A$9.5M
- Oct 2024Seed—
#4
Series B · Cape Town, Western Cape · founded 2019 · 95 employees$53.6Mraised▾
Provider of payment gateway and API products for online payments. The company offers tools for in-person payments via an API and terminal management system. It facilitates payouts, payment orchestration, and various payment methods. The company provides solutions for unified commerce, collections, and account top-ups. It also offers card acquiring and embedded fraud solutions.
- Mar 2025Series B$55M
- Oct 2023Series A$25M
- Jan 2022Series A$22.6M
- Oct 2021Seed$2M
#5
Acquired · Cape Town, Western Cape · founded 2021 · 15 employees$1.8Mraised▾
Provider of a payment gateway solution. It develops payment gateway solutions for making online transactions.
- Mar 2026Seed$5M
- Sep 2024Seed$1.8M
- Sep 2024Conventional Debt—
#6
Seed · Cape Town, Western Cape · founded 2023$550Kraised▾
Fraud prevention and compliance tools for banks and fintechs. It offers a platform that screens transactions, checks users against sanctions and PEP lists, traces cash movements using graph analytics to block AML activity, and automates reporting. The platform provides custom models to detect networks and anomalous behavior, screens users using configurable signals, and helps prevent account takeovers and money laundering. It facilitates real-time alerting by sharing insights across providers to prevent repeat malicious activity. The platform streamlines fraud and compliance tools into a single integration, enabling businesses to mitigate fraud and scale compliance functions.
- Mar 2026Seed$2.4M
- May 2024Seed$550K
#7
Series B · Cape Town, Western Cape · founded 2011 · 28 employees$7.5Mraised▾
Provider of financial inclusion solutions for banks and retail ecosystems. It turns mobile devices into a retail point-of-sale solution for informal merchants that is connected to an interoperable merchant wallet. Its merchant wallets allow merchants to offer services such as digital banking including cash-in/cash-out, mobile recharge, and utility bill payments.
- Oct 2022Series B$2.2M
- Feb 2021Series B$1.5M
- Aug 2019Series B$4M
- Nov 2015Series B—
#8
Acquired · Johannesburg, Gauteng · founded 2012 · 550 employees$13.3Mraised▾
Provider of the digital bank for individuals. It provides users with a platform where users can open an account online and get a debit card linked to the account. Users earn reward points on making payments via cards. It offers a savings tool GoalSave, that enables users to set up various savings goals.
- 2021Series A—
- Jun 2019Series A$13.3M
#9
Funding Raised · Johannesburg, Gauteng · founded 2020 · 3 employees$100Kraised▾
API-based alternative credit scores for small-sized businesses. It offers a solution that enables lenders to obtain credit scores of businesses using alternative data. It features predictive insights based on machine learning models that enable lenders to perform informed lending decisions.
- Sep 2022Grant (prize money)$100K
#10
Series A · Cape Town, Western Cape · founded 2015 · 2 employees$380Kraised▾
Wala is an African neo bank. Allows the user to register for a current account. Also offers savings account. Users can deposit and withdraw money through partner ATMs and agents, receive direct deposits and inbound payments and send p2p payments to friends and family in the Wala network. Also allows them to buy airtime and pay bills, check balance, move money between accounts. The app is available for iOS and Android platforms.
- Oct 2017Series A—
- Apr 2016Seed$380K
#11
Deadpooled · Sandton, Gauteng · founded 2017$70Kraised▾
CommuScore is an alternate credit scoring provider that captures payment and lending behaviors of consumers and micro-enterprises in the informal sector. This is achieved by providing informal saving schemes with an administration and management tool. The use of the tool enables CommuScore to build a credit profile for consumers and micro-enterprises in the informal sector.
- Nov 2017Seed$70K
#12
Series B · Stellenbosch, Western Cape · founded 2010 · 207 employees—raised▾
Provider of financial authentication platform and fraud prevention security solutions. The company delivers context-aware authentication to maximize security across digital banking channels. It offers solutions for scam prevention, account takeover fraud prevention, and regulatory compliance. The company’s platform helps financial institutions reduce fraud losses and improve customer experiences.
- Oct 2025Series B—
- Jun 2024Series B—
- Jun 2022Series B—
- Dec 2021Series B—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Banking Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding flat · growth rising
How research on Fintech is moving in South Africa
A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 90 South Africa-affiliated papers.
- University of Johannesburg16
- Walter Sisulu University12
- University of South Africa10
- University of the Witwatersrand9
- University of Pretoria7
- Financial services1→13
- Financial inclusion3→9
- Financial services4→23
- Financial inclusion4→18
- Payment2→7
- Mobile payment2→7
- Inclusion (mineral)2→5
Where fintech is researched across South Africa
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.