These 5 Fintech Companies Could be SA’s Next Unicorn
South African fintechs – Entersekt, Livestock Wealth, Click2Sure, Invoice Worx and Isazi Consulting – are among South Africa’s most exciting businesses. They have also been selected for the first collaborative effort by scale up specialists, 10X-e and tech incubator, Alphacode.
The programme will support SA’s top fintech’s on their path to scale.
Are these SA’s most globally competitive businesses?
“Globally leading mobile authentication and security specialists, Entersekt are set to be South Africa’s next ‘unicorn’ while Livestock Wealth is changing the investment landscape by offering the ability to own and manage your livestock via an app from Sandton (or anywhere) – outsourcing all the ‘dirty work’ to their specialist operators. Click2Sure was founded by Dan Guasco – the original founder of what became Groupon SA, and Isazi Consulting is led by one of SA’s leading teams of Data Scientists and Artificial Intelligence experts,” says Jason Goldberg, co-founder of 10X-e.
“Another coup for this cohort is that three of the five businesses are majority black-owned tech ventures, and most certainly earned their place on the Program on pure merit terms. We’re really proud to be supporting these globally competitive entrepreneurs”.
Most great entrepreneurs are scaling a company for the first time
Goldberg notes that even for elite entrepreneurs and ventures like these, specialist Scale Up Accelerators like the 10X Program can be the difference between scaling and failing.
The partnership with Alphacode will see these businesses receive support worth around R1-million over a period of two years as they are hand-held by industry experts on the treacherous Path To Scale.
‘Growth can kill’
For entrepreneurs and ventures like these, specialist Scale Up Accelerators like the 10X Program can be the difference between scaling and failing, says Goldberg.
Scaling a business can be fraught with dangers. This includes everything from operational challenges to a loss of focus.
“There’s no doubt that accelerators specialising in how to scale a business are invaluable for most entrepreneurs at this delicate stage in a business journey. Growth can kill when businesses cross a threshold of complexity not experienced before. Most great entrepreneurs are scaling a company for the first time. Fortunately, there are defined ‘physics’ for rapid growth; rightly applying the 12 Disciplines of 10X Entrepreneurs – the heart of the 10X Program – you can dramatically increase the rate and sustainability of growth,” he says.
“We are dealing with the ‘crème de la crème’ of South Africa’s entrepreneurs who are experiencing the most extreme growing pains, so the need for guidance from seasoned Scale Up leaders who’ve ‘been there’ is key to both the success of the business and to its contribution to our economy. We look forward to helping these Founders navigate the Bermuda Triangle of growth successfully” Goldberg concludes.