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Watch List: 50 Top SA Small Businesses To Watch

Keep your finger on the pulse of the start-up space by using our comprehensive list of SA small business to watch.

Nicole Crampton

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5. i-Pay

i-pay-thomas-pays

Vital Stats:

  • Industry: Fintech
  • Founders: Thomas Pays, Mitchan Adams and Lyle Eckstein
  • Est: 2014
  • Website:  Instanteft.i-pay.co.za

Here’s what they do

This innovative fintech start-up offers an electronic fund transfer (EFT) processing system that automates EFT transactions and allows users to make instant, secure payments. i-Pay already operates in South African and Nigeria, with further expansions in the works. They recently received R10 million in investments from venture capital firm Kalon Venture Partners.

Related: (Infographic) The 20 Most Common Reasons Start-ups Fail And How To Avoid Them

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Nicole Crampton is an online writer for Entrepreneur Magazine. She has studied a BA Journalism at Monash South Africa. Nicole has also completed several courses in writing and online marketing.

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