Top SaaS Companies in South Africa

List of the largest SaaS companies in South Africa (Click to apply)

These are the top SaaS companies in South Africa. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for South Africa by featuring these 51 companies with combined revenues of $11.8B.

Together, South Africa SaaS companies employ over 15K employees, have raised $50.0K capital, and serve over 11K customers around the world.

$0 - $1M ARR
  1. Brandbook $973.5K
  2. Flowgear $938.4K
  3. bountiXP $840.0K
$1M - $5M ARR
  1. wiGroup $4.6M
  2. Docufile $4.4M
  3. Synaq $2.9M
$5M - $10M ARR
    1. 01
      Dimension Data

      Dimension Data

      Enterprise Software Software

      Dimension Data uses the power of technology to help organisations achieve great things in the digital era.

      $12B

      $13M

      10K

      14K

      1983

      South Africa

    2. 02
      Teraco Data Environments

      Teraco Data Environments

      Cloud Computing Software

      Teraco provides carrier and cloud neutral colocation data centres, and with over 14 500 cross-connects, is Africa's most interconnected data centre hub. As the first provider of highly resilient, vendor-neutral data environments in sub-Saharan Africa, Tera

      $15M

      $44M

      175

      2007

      South Africa

    3. 03
      wiGroup

      wiGroup

      Demand Generation Software

      Our Mobile Technology, Software-as-a-Service & Mobile Rewards software enable businesses to offer consumers transaction technology. Today’s consumers are looking for products & brands that offer more convenience, simplicity & rewarding experiences.

      $5M

      238

      2007

      South Africa

    4. 04
      Docufile

      Docufile

      Real Estate Software

      Provider of records management and storage services. The company provides records management and storage, document imaging and scanning, off-site data storage and hosting, file tracking software, on-line backup and restores, training and consulting, archiv

      $4M

      56

      1998

      South Africa

    5. 05
      Electrum (Payments Technology)

      Electrum (Payments Technology)

      Financial Services Software

      Owner and operator of a FinTech Software Company intended to connects people directly to financial services, millions of times a day. The company's cloud-based transaction platform is used to process and switch a range of financial transactions including p

      $4M

      86

      2012

      South Africa

    6. 06
      hearX Group

      hearX Group

      Healthcare Software

      Provider of mobile health services intended to facilitate clinical smartphone hearing test products. The company's services include mobile applications for audiometry test, hearing screening test, hearing test, vision test as well as other products like di

      $4M

      $20M

      46

      2015

      South Africa

    7. 07
      Synaq

      Synaq

      Information Technology & Services

      Provider of managed Linux service. The company's managed Linux service include secure mail, branding, archive, cloud mail and other managed services, enabling their clients to get cloud based services.

      $3M

      35

      2004

      South Africa

    8. 08
      DataProphet

      DataProphet

      Artificial Intelligence Software

      DataProphet is a global leader in Artificial Intelligence (AI) for manufacturing

      $3M

      $6M

      32

      2014

      South Africa

    9. 09
      Propr

      Propr

      PropTech Startup that scales property rental revenue.

      $2M

      60

      2015

      South Africa

    10. 10
      SilverstoneCIS

      SilverstoneCIS

      Digital Advertising Platforms

      SilverstoneCIS builds online and mobile business and consumer communities.The group delivers integrated Digital and Mobile Media Marketing, Business and Communication solutions to Brands, Advertisers, Media Owners, Public Sector, Private Sector Corporates

      $2M

      27

      1996

      South Africa

    1-10 of 51

    Next

    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.