INNOVATION: How the top five South African startups for 2022 can improve your life

The second startup was Franc, an investment technology app for businesses. Entrepreneurs Sebastian Patel and Thomas Brennan saw a gap in the market and came up with an innovative online solution for businesses to save or invest easily. Franc quadrupled the number of investors using its platform in the first year of operation. “As an investment actuary, I often got asked how people should be investing their money. With so many complex products, we started Franc as an easy solution.

“While still nascent in South Africa, there is significant potential for Floatpays, which is focused on serving the underbanked. We’re delighted to partner with the Floatpays team, who have a proven track record of success in early-stage tech businesses, particularly in fintech,” he says.Simon Alston, chief executive officer of Wellness Warehouse, says the company partnered with Floatpays to help address some of the financial challenges of employees via a cost-effective, convenient solution.

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