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South African tech startups seem to have emerged as the tip of the African spear when it comes to the worldwide tech revolution. Despite all our challenges, local tech companies are beginning to become ever more reliable revenue generators for the local economy, and with industry-leading services in mobile software, electronic banking and security software, local tech accounts for 17% of all startup funding raised in Africa.
Just like the Springboks are doing in France at the moment, local companies are also flexing their muscles globally with companies like SnapScan, Toco, and even Luno with cryptocurrencies. According to CNBC and Statista report, three of South Africa's fintech companies rank among the world's top 200. And there is A LOT of competition.
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