SA startups getting snapped up
South Africa’s startup scene is showing signs of maturity as investments and acquisitions become increasingly common.
25 May 2022
Investors, both in SA and abroad, are snatching up local startups like never before amid a buying frenzy, say those in South Africa’s startup sector.
Earlier this year, retailer Homechoice International announced it had acquired 85% of buy now pay later startup PayJustNow to boost online sales; last year, various local and international buyers snapped up a string of fintechs, including Payflex (acquired by Australianlisted Zip), Selpal (bought by FNB), Oltio, Callpay, Connect Group, Crossfin and SwitchPay.
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