South Africa Tops List Of Countries With The Most Acquired African Startup

South Africa Tops List Of Countries With The Most Acquired African Startup

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South Africa has emerge as country with the most acquired startups in Africa on a list of startups been aquired by local or foreign aquisitor, also have the first place on the table with GetSmarter.

While other African countries are catching up, particularly with the recent multimillion-dollar acquisitions in Nigeria, South Africa has seen a bigger number of acquisitions over the years.

South Africa has most acquired startups in Africa
South Africa has most acquired startups in Africa

The table below provides some insight into how acquisitions have been made on the continent during the last few years. This data is updated on a half-yearly basis.

1 GetSmarter Edtech South Africa 2007 2017 2U United States Sold for $103-million plus $20-million in cash.
2 Kapa Biosystems Life Science South Africa 2006 2016 Roche Switzerland Acquired for for $445-million
3 Fundamo City Fintech (Mobile financial services) South Africa 1999 2011 Visa United States Acquired for $110 million
4 Nimbula Enterprise (Cloud computing) South Africa 2008 2013 Oracle United States Acquired for $110 million
5 Gyft Mobile Gift Card South Africa 2012 2014 FirstData United States Acquired for $54m
6 WooCommerce Open source ecommerce plugin South Africa 2011 2015 WordPress United States Acquisition estimated to be worth over $30 million
7 Quirk (Mirum) Digital agency South Africa 1999 2016 WPP London, United Kingdom Acquired for a reported R350 million to R400-million ($35million to $39 million) at the time of the sale.
8 Entertainment Kenya 2009 2016 Trace Tv Nigeria Undisclosed
9 Baxi Fintech (Digital agent network) Nigeria 2014 2021 MFS Africa South Africa Undisclosed
10 Devcorp Enterprise Morocco 2014 2021 ABA Technology Group Morocco Undisclosed
11 Picup Logistics South Africa 2014 2021 Karooooo Singapore Acquired for $4.8m
12 FwRun Ecommerce Egypt 2019 2021 Diggipacks Saudi Arabia Undisclosed
13 WaystoCap B2B Ecommerce Morocco 2017 2021 MaxAB Egypt Undisclosed
14 CallPay Fintech South Africa 2014 2021 Undisclosed Undisclosed Acquired at a valuation of ($6.8m)
15 Eventtus Events management Egypt 2012 2021 Bevy United States Undisclosed
16 Cars45 Car-listing marketplace Nigeria 2016 2017;2020; 2021 Frontier Car Group; OLX Group; JIJI Germany; Netherlands; Nigeria (respectively) Undisclosed
17 Giraffe Recruitment South Africa 2015 2021 Harambee Youth Employment Accelerator South Africa Undisclosed
18 WizzPass Visitor Management South Africa 2015 2021 FM:Systems United States Undisclosed
19 Tareeqi Bus tracking Egypt 2018 2021 eMushrif Oman Undisclosed
20 Digiduka Fintech Kenya 2019 2021 MarketForce Kenya Undisclosed
21 DabaDoc e-Health Morocco 2014 2021 Orange MEA; AXA CIMA Morocco Undisclosed
22 WayaWaya AI and Machine Learning Kenya 2016 2021 Ajua Kenya Undisclosed
23 Lawtrust IT security South Africa 2006 2021 Altron South Africa Acquired for $17m
24 Ubusha Technologies Identity Security Solutions South Africa 2003 2019 Altron South Africa Undisclosed
25 Mangwee Fintech (Mobile payments) Zambia 2018 2021 Zeepay Ghana Undisclosed
26 ParceNinja Ecommerce logistics South Africa 2013 2021 Imperial Logistics South Africa Undisclosed
27 Surebet Betting/Gaming Kenya 2019 2021 TransAtlantic Capital United States Undisclosed
28 Delivroum Food delivery Togo 2018 2020 Gozem Togo Undisclosed
29 Luno Blockchain South Africa 2013 2020 Digital Currency Group (DCG) United States Undisclosed
30 DPO Group Ecommerce Kenya 2006 2020 Network International Holdings plc United Arab Emirates Undisclosed
31 Beyonic Fintech (Payments) Uganda 2006 2020 MFS Africa South Africa Undisclosed
32 Conversio Digital Marketing South Africa 2014 2020 CM Group United States Undisclosed
33 Harmonica Dating Egypt 2017 2020 Match Group United States Undisclosed
34 Shago Payments Ecommerce payments solutions Nigeria 2019 2021 Alerzo Nigeria Undisclosed
35 Paystack Fintech (Payments) Nigeria 2016 2020 Stripe United States Acquired for over $200m
36 Sa3ar Auto tech (car assessment) Egypt 2019 2021 Egypt Undisclosed
37 Cheki (Nigeria, Uganda, Kenya) Auto tech Nigeria, Uganda, Kenya 2010 2021 Autochek Nigeria Undisclosed
38 Fintech (Wealth management) Nigeria 2018 2021 PiggyVest Nigeria Undisclosed
39 Exchange4Free Fintech (Cross-border payments) South Africa 2008 2021 AZA Finance Kenya Undisclosed
40 eLimu Edtech Kenya 2012 2020 CcHub Nigeria Undisclosed
41 Bottles App Logistics (on-demand Delivery) South Africa 2016 2020 Pick n Pay South Africa Undisclosed
42 Sendwave Fintech (Cross-border payments) Kenya 2014 2020 WorldRemit United Kingdom Acquired for $500m
43 Apposit Enterprise (Software development) Ethiopia 2017 2020 Paga Nigeria Undisclosed
44 StarterHub Community Egypt 2015 2019 RiseUp Egypt Undisclosed
45 Mobisol Off-grid energy Kenya 2011 2019 Engie Kenya Undisclosed
46 iHub Innovation Hub Kenya 2010 2019 CcHub Nigeria Undisclosed
47 Surf Kenya Wi-fi Kenya 2015 2019 BRCK Kenya Undisclosed
48 Amplify Fintech Nigeria 2016 2019 OneFi Nigeria Undisclosed
49 OLX Africa Classifieds Nigeria 2012 2019 JiJi Nigeria Undisclosed
50 Konga Ecommerce Nigeria 2012 2018 Zinox Nigeria $10m (Reportedly)
51 Kngine AI Egypt 2008 2018 Samsung Electronics South Korea Undisclosed
52 QuickHelp AI (chatbot) Nigeria 2015 2018 1001 Squared Artificial Intelligence Canada Undisclosed
53 Cape Networks SaaS South Africa 2013 2018 HP United States Undisclosed
54 Wezart Arts marketplace South Africa 2016 2020 African Fashion International South Africa Undisclosed
55 TopCheck Ecommerce Nigeria 2015 2018 Silvertree Nigeria Undisclosed
56 Stabus Mobility Ghana 2019 2021 Treepz (Formerly Plentywaka) Nigeria Undisclosed
57 Okuhle Media Digital media South Africa 2003 2021 Trace France Undisclosed
58 Fundall Fintech Nigeria 2019 2021 Emerging Africa Group Nigeria Undisclosed
59 QuickCash Fintech Côte d’ivoire 2010 2021 E-Settlement Nigeria Undisclosed
60 Disha One no-code tool for content creator Nigeria 2019 2021 Interswitch Nigeria Disha planned to shut down on December 31, 2021, save for the acquisition. Deal amount undisclosed.
61 Nafham Social startup for free crowdsourced educational content Egypt 2012 2021 Tyro Egypt Undisclosed
62 FarmTrust Blockchain-enabled ecommerce Tunisia 2018 2021 LAMMA Tunisia Undisclosed
63 Quench Ecommerce and last-mile delivery service South Africa 2016 2021 The Foschini Group South Africa Undisclosed.
64 SwitchPay Fintech providing alternative payments options to merchants and retailers. South Africa 2018 2021 Adumo South Africa Undisclosed
65 Crossfin Card and mobile-enabled payment transactions South Africa 2017 2021 The EMMF I and ARC consortium South Africa $94.3m
66 MainOne Data center infrastructure Nigeria 2010 2021 Equinix United States $320m
67 Filkhedma Homes services Egypt 2014 2021 SweepSouth Egypt Undisclosed
68 Thawte SSL and code signing certificates South Africa 1995 1999 Verisign United States US $575 million
69 ClaimSync End-to-end claims processing platform Ghana 2011 2013 GenKey Solutions Netherlands Undisclosed
70 Saya Developer of mobile messaging apps for feature phones Ghana 2011 2014 Kirusa United States Undisclosed
71 Paynet Group Multi-institutional payments provider. Kenya 2003 2014 Interswitch Nigeria Undisclosed
72 Jobberman Recruitment Nigeria 2009 2015 Ringier One Africa Media (ROAM) South Africa Undisclosed
73 Recruitment Nigeria 2009 2020 Jobberman Nigeria Undisclosed
74 Weza Tele Financial products, including mobile loans and retail credit cards. Kenya 2011 2015 AFB Ghana $1.7 million
75 Fawry Financial services backed by tech Egypt 2008 2015 Egyptian-American Enterprise fund, Helios Investment Partners and the MENA Long-Term Value Fund Egypt; United Kingdom $100m
76 Vanso Mobile and security-focused financial technology provider Nigeria 2005 2016 Interswitch Nigeria Undisclosed
77 One Africa Media Online marketplaces in the employment, auto, property and travel sectors. South Africa 2012 2016 Ringier Switzerland Undisclosed
78 Popcorn Training Cybersecurity awareness training provider South Africa 2012 2018 KnowBe4 United States Undisclosed
79 3elagi On-demand Pharmacy delivery Egypt 2017 2020 Ibnsina Pharma Egypt Undisclosed
80 Oltio (formally MTN Mobile Money South Africa) Pioneered and patented several mobile payments and banking solutions, South Africa 2004 2018 Mastercard United States Undisclosed
81 Teacha! Online media hub for teachers South Africa 2016 2020 Snapplify South Africa Undisclosed
82 Simulation Engineering Technologies Creating computer simulation models of complex systems. South Africa 2004 2018 4Sight Holdings South Africa Undisclosed
83 RetailTower Ecommerce product that helps online merchants sell across multiple shopping engines Ghana 2010 2018 Kudobuzz Ghana Undisclosed
84 AccTech Systems A professional services firm specializing in Microsoft ERP & CRM and Sage ERP & CRM business solutions. South Africa 1994 2018 4Sight South Africa Undisclosed
85 Dynamics Africa Services An ISV Partner focusing on Microsoft Dynamics NAV and GP Enterprise solutions. South Africa 2014 2018 4Sight South Africa Undisclosed
86 Media Works Online-based Adult Education and Training (AET) provider South Africa 1996 2018 FutureLearn Pty Ltd. South Africa Undisclosed
87 Teranga Solutions A mobile and cloud-based platform for hospitality firms Senegal 2013 2018 HotelOnline Kenya Undisclosed
88 Mubawab A free to use real estate ad site in arab countries Morocco 2013 2018 Emerging Markets Property Group (EMPG) Dubai, UAE Undisclosed
89 OrderTalk Develops online ordering software and solutions for the restaurant, takeout, and hospitality industry. South Africa 1998 2018 Uber Eats United States Undisclosed
90 VTN Communications A provider of voice solutions South Africa 2011 2018 HeroTel South Africa Undisclosed
91 Smart Integration An integrated automation company. South Africa 2004 2018 Ulwembu Business Services South Africa Undisclosed
92 iSPartners Business intelligence South Africa 2001 2018 Altron South Africa $16 million
93 Online shopping South Africa 2010 2018 Naspers South Africa Undisclosed
94 PropSys Property management solutions for the real estate industry on hosted and on-premises platforms South Africa 2003 2018 MRI Software United States Undisclosed
95 MacroLan Internet Service Provider that delivers dedicated fibre broadband connectivity. South Africa 1997 2018 SEACOM Mauritius Undisclosed
96 Proptech South Africa 2017 2018 Pam Golding Property group South Africa Undisclosed
97 Bamba Group A real-time data gathering platform that engages and access the 1.5B people in the emerging markets via mobile feature phonesa Kenya 2013 2018 Maximeyes Group United Kingdom Undisclosed
98 Clarotech Consulting An Information and Communications Technology (ICT for short) company offering consulting, products and support services South Africa 2001 2018  Logicalis South Africa Undisclosed
99 Open Connect Provider of carrier, redundant light and last mile dark fibre services to leading Mobile Operators, ISP’s Malawi 2016 2018 Harith General Partners South Africa Undisclosed
100 Steeple Low-commission digital agency for property sales South Africa 2012 2018 PropertyFox South Africa Undisclosed
101 TPAY MOBILE End to end mobile payments platform that maximizes conversions and minimizes risk Egypt 2014 2018 Helios Investment Partners United Kingdom Undisclosed
102 DCBEgypt Direct carrier billing service provider Egypt 2014 2017 TPay Mobile Egypt Undisclosed
103 WeBuyCars Offers free online valuations and sale of cars South Africa 2001 2018 Transaction Capital South Africa $116m
104 Crossgate Payment solutions South Africa 2007 2018 Crossfin South Africa Undisclosed
105 Magnetic Software Agency Management Platform South Africa 2012 2018 Silversoft South Africa Undisclosed
106 Conor Solutions Customer solutions provider South Africa 2007 2018 Adapt IT Holdings Limited (Adapt IT) South Africa
107 FibreCo Open access dark fibre network, providing infrastructure, connectivity and services South Africa 2009 2018 SEACOM Mauritius Undisclosed
108 Medco Plast Packaging and containers company. Egypt 2011 2018 Indorama Ventures Thailand Undisclosed
109 Simfy Africa Music Streaming South Africa 2010 2018 MTN South Africa Undisclosed
110 Badr Data solutions and web development company Egypt 2006 2018 Incorta United States Undisclosed
111 Compuscan Provides consumer and commercial credit information South Africa 1994 2018 Experian SA South Africa Undisclosed
112 Interpay Africa A payment processor that connects merchants in Ghana to local and international payment Ghana 2014 2018 Emergent Technology Holdings LP United States Undisclosed
113 Founa Ecommerce Tunisia 2012 2018 Magasin Général Tunisia Undisclosed
114 Fintec Lab B2B technology provider to major banking and insurance enterprises in South Africa South Africa 2015 2018 ABSA Bank South Africa Undisclosed
115 Touchsides Uses technology and big data insights to help brands and retailers win and retain loyal customers in high-growth markets South Africa 2014 2019 Heineken Netherlands Undisclosed
116 Teraco Data Environments A carrier, cloud and vendor neutral data centre provider South Africa 2008 2019 Berkshire Partners United States Undisclosed
117 DotModus Cloud computing, data analytics and machine learning. South Africa 2010 2019 Dynamic Technologies South Africa Undisclosed
118 TravelCar Mobility solutions platform Tunisia 2012 2019 PSA France Undisclosed
119 MediaMark Information services solutions South Africa 1996 2019 Kagiso Media South Africa Undisclosed
120 ConnectMed E-health Kenya 2016 2019 Merck Germany Undisclosed
121 ArqamFC Sports data Egypt 2017 2019 StasBomb England Undisclosed
122 IoT.NXT Internet of things South Africa 2015 2019 Vodacom South Africa Undisclosed
123 SureSwipe Delivers a simple, accessible and secure solution to payment acceptance South Africa 2008 2019 Crossfin, Apis Growth Fund I South Africa Undisclosed
124 CompareGuru Independent insurance comparison platform South Africa 2013 2019 SureStart South Africa Undisclosed
125 Heartbeat Adventures Travel Kenya 2014 2019 Cloud9xP Kenya Undisclosed
126 Empty Trips Digital freight marketplace South Africa 2002 2019 RCL Foods South Africa Undisclosed
127 ROK Film Studios Production studio Nigeria 2013 2019 Canal+ Group France Undisclosed
128 eClat Healthcare Hospital management solutions Nigeria 2012 2019 Gulf Capital Dubai, UAE Undisclosed
129 Yuppiechef Online retailer of kitchen and homeware products South Africa 2006 2021 Mr. Price Group South Africa Undisclosed
130 MENABytes Media Egypt 2017 2019 RiseUp Egypt Undisclosed
131 Daily Dish Delivery South Africa 2012 2019 TCapital Norway Undisclosed

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