BANKSETA Research Chair in Digitalisation: Desktop Research Reports CONTRACT NUMBER 475.4710.644 START DATE 05 October 2018 END DATE 28 February 2020 TRANCHE TWO 30 June 2019 REASEARCH PROJECTS Desktop Research Projects: • Fintech Development in South Africa • Post School Education and Training and 4IR CONTACT DETAILS (RESEARCH Dr Surendra Thakur CHAIR IN DIGITILISATION): 031 3736991 Name, Telephone & Email [email protected] Approval and Sign-off 30 June 2019 ________________________ _______________ DUT (Date) ________________________ _______________ Head of Research: BANKSETA (Date) Contents BANKSETA Research Plan: Topic 1 ........................................................................................................................ 1 Analyse the state of current fintech development in South Africa and prepare a business case for the establishment or support for a fintech incubator working closely with the South African Reserve Bank on their approach to Fintech Development. ......................................................................................................... 1 Executive Summary ................................................................................................................................................ 2 Research Process ................................................................................................................................................... 2 Chapter 1: Understanding FinTechs ...................................................................................................................... 2 Chapter 2: Fintechs on a global scale .................................................................................................................... 3 Chapter 3: Fintechs in South Africa ....................................................................................................................... 7 Alpha Exchange .................................................................................................................................................. 8 AMF Tech Africa (PTY) LTD ................................................................................................................................. 9 Bankymoon ........................................................................................................................................................ 9 Bitsure ................................................................................................................................................................ 9 Bizcash (PTY) LTD ............................................................................................................................................... 9 Creditable ........................................................................................................................................................... 9 Crowdcoin ........................................................................................................................................................ 10 Cubebucks ........................................................................................................................................................ 10 Cubebucks LTD ................................................................................................................................................. 10 Curve ................................................................................................................................................................ 11 Custos ............................................................................................................................................................... 11 E4 Strategic (PTY) LTD ...................................................................................................................................... 11 Easyequities/ Satrixnow ................................................................................................................................... 12 Entersekt .......................................................................................................................................................... 12 Finchatbot ........................................................................................................................................................ 12 Fincheck ........................................................................................................................................................... 12 Fintec Labs (PTY) LTD ....................................................................................................................................... 13 Geopay ............................................................................................................................................................. 13 Getbiz ............................................................................................................................................................... 13 Global Group Franchising PTY LTD ................................................................................................................... 14 Ground Flr ........................................................................................................................................................ 14 Hello Paisa ........................................................................................................................................................ 14 ICE3X ................................................................................................................................................................ 14 Ikhokha ............................................................................................................................................................. 15 IMB ................................................................................................................................................................... 15 InvoiceExchange ............................................................................................................................................... 15 Invoset PTY LTD ................................................................................................................................................ 15 I-Pay ................................................................................................................................................................. 16 Ipreo (PTY) LTD. ................................................................................................................................................ 16 Iveri Payment Technologies ............................................................................................................................. 16 JUMO ................................................................................................................................................................ 16 Jumpstart ......................................................................................................................................................... 17 Kineto Mobile ................................................................................................................................................... 17 Livestock Wealth .............................................................................................................................................. 17 Lulalend ............................................................................................................................................................ 18 Luminous .......................................................................................................................................................... 18 Luno.................................................................................................................................................................. 18 Maxicash .......................................................................................................................................................... 18 Merchant Capital ............................................................................................................................................. 18 MFS Africa ........................................................................................................................................................ 19 Mobicred .......................................................................................................................................................... 19 Mobilife ............................................................................................................................................................ 19 Moneysmart By Limitless Technology Group .................................................................................................. 19 Mukuru ............................................................................................................................................................. 20 M-vendr ........................................................................................................................................................... 20 My Treasury ..................................................................................................................................................... 20 Nomanini .........................................................................................................................................................