Best Cryptocurrencies Companies in South Africa
The 60 best Cryptocurrencies companies in South Africa in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: VALR.
- ResearchAndMarkets.com
Our analysis of 50 Cryptocurrencies companies
$7.1b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2026.
Ranked: Best Cryptocurrencies companies in South Africa
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | VALR App-based platform for cryptocurrency trading | $55M | 52 mo ago | Series B | Badi Sudhakaran Co-Founder & Chief Product Officer | 2018 | Cart FunctionalitySquarespace CommerceSquarespace+23 | 1 launch |
| 2 | NFTfi Provider of an online platform for NFT-based lending | $15M | 24 mo ago | Series A | — | 2017 | Radix UITailwind CSSshadcn/ui+9 | — |
| 3 | Ovex Institutional-grade custodian and cryptocurrency exchange platform | $4M | 63 mo ago | Series A | Jonathan Ovadia Founder & CEO | 2017 | TurbopackNode.jsTailwind CSS+19 | 1 launch |
| 4 | Centbee App-based cold wallet for cryptocurrency | $2M | 42 mo ago | Series A | Lorien Gamaroff Co-Founder & CEO | 2016 | — | — |
| 5 | TurnCoin Online platform offering cryptocurrency exchange | $230K | 58 mo ago | Seed | Rudolf Markgraaff Founder & CEO | 2017 | — | — |
| 6 | Ivorypay Blockchain-based platform for crypto payment solutions | — | 15 mo ago | Seed | Oluwatobi Ajayi Co-Founder & CEO | 2022 | Node.jsRadix UITailwind CSS+24 | 1 launch · 1 partnership |
| 7 | Xago Payment gateway platform for ripple | — | 59 mo ago | Seed | Sonya Kuhnel Co-Founder | 2019 | WordPressMySQLPHP+21 | — |
| 8 | ZapGo Wallet for consumers | — | 135 mo ago | Seed | Helghardt Avenant Co-Founder & CEO | 2015 | — | — |
Top 8 Cryptocurrencies companies in South Africa
#1
Series A · Cape Town, Western Cape · founded 2017 · 19 employees$15Mraised▾
Provider of an online platform for NFT-based lending. It offers a P2P marketplace that enables users to borrow and lend by securing NFTs as collateral. Users can provide ERC-721 tokens as collateral and request loans. Once accepted, ETH is paid to the users and the collaterals are locked in the NFTfi smart contract.
- Jun 2024ICO$70K
- Mar 2024Series A$6M
- Nov 2021Series A$5M
- Feb 2021Seed$890K
#2
Series B · Johannesburg, Gauteng · founded 2018 · 11 employees$55Mraised▾
App-based platform for cryptocurrency trading. It uses AI and machine learning technology to validate the identity of the trader. It allows users to securely buy, store and sell cryptocurrencies.
- Mar 2022Series B$50M
- Jul 2020Series A$3.5M
- Feb 2019Seed$1.5M
#3
Series A · Sandton, Gauteng · founded 2016$2.3Mraised▾
App-based cold wallet for cryptocurrency. It allows users to send, receive, and store cryptocurrency. It offers fund transfers from a bank account or retail lanes. It offers other services including merchant payments, cross-border remittances, and more. It is available on Android and iOS platforms.
- Dec 2022Series A$1M
- Feb 2020Series A—
- Apr 2019Series A$1.3M
- Jan 2018Seed—
#4
Series A · Johannesburg, Gauteng · founded 2017$4Mraised▾
Institutional-grade custodian and cryptocurrency exchange platform. It offers a platform that enables users to buy, sell, exchange, and trade multiple cryptocurrencies. It offers services such as an OTC trading desk, deep liquidity for cryptocurrency markets, and more. It enables both institutional clients and everyday traders to trade cryptocurrencies.
- Apr 2021Series A$4M
- Apr 2019Seed—
#5
Seed · Stellenbosch, Western Cape · founded 2017 · 44 employees$230Kraised▾
Online platform offering cryptocurrency exchange. It offers solutions for cryptocurrency exchange, cryptocurrency tokens, derivatives trading, revenue sharing staking, and more. It also offers digital trading cards in sports, esports, music, and cryptocurrency token called Turncoin RDS. Its app is available on the website.
- Aug 2021Seed$230K
#6
Seed · Alberton, Gauteng · founded 2022 · 15 employees—raised▾
Blockchain-based platform for crypto payment solutions. It offers solutions for business crypto payments. It enables businesses to integrate payment solutions into the POS platform. It also offers solutions for NFT staking, NFT mining, loans, and more.
- Mar 2025Seed—
- Mar 2023Seed—
#7
Seed · Cape Town, Western Cape · founded 2019 · 9 employees—raised▾
Xago is an online payment gateway platform for ripple. It allows users to send, receive & accept payments made in ripple assets. Enables merchants to accept ripple-based payments for various goods & services. Provides PED authentication solutions to restrict access to the network.
- Jul 2021Seed—
- Nov 2020Seed—
#8
Seed · Cape Town, Western Cape · founded 2015 · 3 employees—raised▾
ZapGo provides a wallet to consumers. Its services include money transfers and bill payments. As of December 2019, the wallet is in the beta version.
- Mar 2015Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Cryptocurrencies coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Cryptocurrency is moving in South Africa
A read on the academic research around Cryptocurrency — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 201 South Africa-affiliated papers.
- University of Johannesburg39
- University of Pretoria27
- University of the Witwatersrand17
- Walter Sisulu University16
- University of KwaZulu-Natal13
- Econometrics1→4
- Computer security1→8
- Blockchain1→7
- Virtual currency1→4
Where cryptocurrency 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.