MATTHEW BUCKLAND: Startups that can make a big difference
Investors select the small firms in SA that have potential to shake up various sectors, including banking and insurance
Many startups are making waves in the country, but a select few stand out as having massive potential, run by impressive entrepreneurs. I polled top investors to get their views on the hot and happening startups for 2019, and here is a nonexhaustive list: Aerobotics is one to watch closely. The Cape Town-based Agritech startup is a data analytics platform providing data drawn from satellite imagery and drone flights to monitor farmers’ crops and warn them about potential risk. This year the startup took part in Google’s Launchpad Accelerator, launched its bid for the US market, and in 2018 landed funding in a round led by Nedbank Capital. Bank Zero Few people in this country are enamoured with their banks. They charge exorbitant and confusing fees on accounts and investments, and are basically a monopoly of six. Enter Bank Zero. The 45%-black-owned, app-driven bank wants to disrupt the established banking cartel with the core belief that SA bank customers currently pay too much for ...
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