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HomeListsTop Funded South Africa Startups of 2023
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Updated Feb 16, 2026

Top Funded South Africa Startups of 2023

Ranked by total funding announced in 2023 (USD).

S
Curated by StartupList Africa
Total Funding
$495M
Avg Valuation
$0
Companies
25
Investors
230

Market Map

25 companies in this list

RankCompanyHQ LocationStageLast RoundTotal FundingBackers
1
Planet42
Planet42Access to mobility for the underbanked
Johannesburg, South AfricaDebt FinancingFebruary 2023$101M12
2
TymeBank
TymeBankTymeBank is a South African fully black-owned and controlled investment company.
Johannesburg, South AfricaLate Stage VentureDecember 2024$78M11
3
Wetility
WetilityWetility enables you smartly generate solar power on your rooftop, then seamlessly store, release and monitor clean energy to your home or business.
Johannesburg, South AfricaVentureJune 2025$48M2
4
Lulalend
LulalendLulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa.
Cape Town, South AfricaEarly Stage VentureFebruary 2026$35M13
5
RapidDeploy
RapidDeployRapidDeploy is a South African Cloud-based Computer Aided Dispatch (CAD) and Analytics platform.
Cape Town, South AfricaFunding RoundAugust 2023$34M13
6
Peach Payments
Peach PaymentsPeach Payments provides payment solutions to online and mobile businesses enabling them to easily accept payments from consumers across the globe.
Western Cape, South AfricaEarly Stage VentureApril 2023$31M4
7
Carry1st
Carry1stCarry1st leverages mobile technology to delight consumers and empower small businesses across Africa
Cape Town, South AfricaVentureJanuary 2024$27M22
8
Stitch
StitchStitch is a South African fintech platform building API to make Africa a world-leader in fintech.
Cape Town, South AfricaEarly Stage VentureApril 2025$25M23
9
Flow48
Flow48Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.
Cape Town, South AfricaDebt FinancingFebruary 2025$25M13
10
Naked Insurance
Naked InsuranceNaked Insurance provides instant, honest insurance at game-changing prices.
Johannesburg, South AfricaEarly Stage VentureJanuary 2025$17M9
11
Paymenow Group
Paymenow GroupPaymenow is a financial wellness and inclusion platform that allows employees on demand access to earned wages.
Stellenbosch, South AfricaGrowthJuly 2025$14M4
12
Zeelo
ZeeloZeelo is a South African startup providing highly efficient transportation for commuting and school runs.
Durban, South AfricaEarly Stage VentureAugust 2023$14M9
13
GoMetro
GoMetroEmpowering fleet operators worldwide with data-driven mobility solutions.
Cape Town, South AfricaGrantOctober 2024$11M12
14
Sendmarc
SendmarcSendmarc is a South African startup that offers email protection from phishing attacks.
Rosebank, South AfricaEarly Stage VentureFebruary 2023$7M8
15
Revio
RevioRevio accepts payments globally, recover failed transactions, reduce customer churn.
Cape Town, South AfricaSeedSeptember 2023$5M10
16
Flow Living
Flow LivingFlow is a South African PropTech which automatically creates and targets property ads for Real Estate Agencies and Property developers.
Johannesburg, South AfricaSeedJanuary 2023$5M8
17
Flow
FlowFlow is an app that rewards tenants for great behaviour.
Johannesburg, South AfricaSeedJanuary 2023$5M7
18
Yebo Fresh
Yebo FreshYebo Fresh is South African startup on a mission of making quality food more easily accessible to South Africa's Townships
Cape Town, South AfricaVentureJanuary 2023$5M4
19
Hohm Energy
Hohm EnergyHohm helps homeowners and businesses to go solar with accredited solar installers, product suppliers and embedded solar finance.
Johannesburg, South AfricaSeedFebruary 2024$2M12
20
Envisionit Deep AI
Envisionit Deep AIEnvisionit Deep AI is an innovative MedTech company that uses AI to streamline & improve medical imaging diagnosis for radiology.
Johannesburg, South AfricaSeedFebruary 2023$2M4
21
Root
RootRoot is an end-to-end digital insurance platform that enables you to launch new products and digital engagement channels fast.
Cape Town, South AfricaVentureSeptember 2023$2M6
22
Maholla
MahollaMaholla is a viral consumer app that rewards users for scanning any receipt from any store, allowing users to earn rewards irrespective of where they shop.
Cape Town, South AfricaSeedApril 2023$2M5
23
TUNL
TUNLTUNL is a South African Logistics startup which offers parcel shipping for businesses and e-commerce merchants.
Cape Town, South AfricaSeedOctober 2024$1M8
24
RNR App
RNR AppRNR, which stands for “Right Now Reponse”, is an on-demand breakdown management and analytics platform
Ethekwini, South AfricaSeedFebruary 2023$555K2
25
KHULA!
KHULA!KHULA! is a South African mobile marketplace for farmers.
Johannesburg, South AfricaEarly Stage VentureMarch 2025$500K9

Showing 25 of 25 companies