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List of the largest SaaS companies in Ghana

Top SaaS Companies in Ghana

These are the top SaaS companies in Ghana. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Ghana by featuring these 8 companies with combined revenues of $11.3M.

Together, Ghana SaaS companies employ over 141 employees, have raised $2M capital, and serve over 3K customers around the world.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
R
Rancard

E-Commerce Software

Provider of a software products and services designed to connect brands to relevant mobile audiences at the minimum cost per subscriber acquisition. The company's mobile advertising technology offers insight into what customers want through a social recommendations engine to boost engagement for user acquisition and sales, enabling brands to deliver targeted mobile ad campaigns and a delightful experience for their customers.

$4M
-
50
55
2001
Ghana
03
C
Cowtribe

Supply Chain & Logistics Software

Developer of a mobile abled on-demand service platform created to deliver life-saving animal vaccines. The company's service platform allows to track the health statistics of each animal and facilitate all the logistics and supply processes, enabling farmers to receive a reminder for animals to receive vaccines and reliably receive these vaccines.

$2M
$1M
-
40
2016
Ghana
04
JT
JimahTech

Software As A Service Platform(Saas)

Provider of social networking application. The company's application allows the user to connect, exchange messages and sharing images.

$1M
-
-
16
2014
Ghana
05
MCCA
Market Click (Click Apps)

B2B Software

We provide SaaS solutions to help businesses optimize the use of technology in serving their clients.

$122K
$50K
3K
5
2016
Ghana
06
VA
VendyAds

Information Technology Software

$70K
-
-
1
2017
Ghana
07
M
Metroflame

Information Technology & Services

Metroflame was founded by in November, 2009 and registered under the domain name metroflame.com on the 17th of that same month in the United Kingdom.It is now both an on-line brand and a community of users looking for world and local news, local classifieds, local deals, shopping, web hosting, website building and many more.

$58K
-
-
1
2009
Ghana
08
K
Kudigo

Retail Software

growing & scaling informal retail businesses in africa

$50K
$490K
300
22
2017
Ghana
1 - 8 of 8

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.