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List of the largest SaaS companies in Cape Town, South Africa

Top SaaS Companies in Cape Town

These are the top SaaS companies in Cape Town, South Africa. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Cape Town by featuring these 17 companies with combined revenues of $30.2M.

Together, Cape Town SaaS companies employ over 628 employees, have raised $27.6M capital, and serve over 1M customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
$15M
-
-
258
2007
South Africa
02
EPT
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 pre-paid products, gift cards and bill payments and permits its customers to grow their revenues and engage across all channels, enabling retailers and financial institutions to accept payments, process financial transactions, and provide value added services.

$4M
-
-
86
2012
South Africa
03
P
Propr

Real Estate Software

PropTech Startup that scales property rental revenue.

$2M
-
500
60
2015
South Africa
04
M
Mobiz

Enterprise Software Software

Mobiz is a marketing cloud that delivers hyper-personalized mobile campaigns through the reach of text messaging.

$2M
$15M
-
37
2014
South Africa
05
T
Tagmarshal

Information Technology Software

Developer of a pace of play golf management software designed to control the pace of play and unlocks revenues. The company's pace of play golf management software provides a tool set, each four-ball is equipped with a matchbox sized tracking device that collects and communicates real-time positional updates as the action unfolds, focuses on managing pace of play, reducing average round times and numbers of slow rounds enabling course operators, managements and marshals to ensure a high quality outing for members and guests alike through the application of its state of the art pace of play alert algorithm.

$2M
-
-
28
2012
South Africa
06
N
Nomanini

Financial Services Software

Provider of a payment platform intended to connect the disparate informal retail ecosystem to unlock the latent potential of Africa's economy. The company's platform connects merchants and distributors to each other and global service providers, integrating payments, working capital and data analytics and turns any mobile device into a retail point-of-sale system for informal merchants that is connected to an interoperable merchant wallet, enabling merchants to get access to informal market consumers and efficiently monitor micropayments and services by offering a broad range of digital banking (including cash-in/cash-out), mobile, utility and entertainment services to their customers.

$1M
$6M
-
25
2010
South Africa
07
PGPL
PayGate (Pty) Limited

Enterprise Software

Provider of online payment processing and merchant services in South Africa. The company offers online secured payments services and digital payment methods, providing enterprise companies with comprehensive and easier mode of payment that prevents online payment frauds.

$1M
$7M
-
72
1999
South Africa
08
TT
TaxTim

Financial Services Software

Developer of a cloud based digital tax assistant designed to help people submit tax returns on time. The company's cloud based digital tax assistant provides tax experts to its customers who helps them to prepares fully compliant and completed tax return form with full security and also helps them to get maximum returns, enabling users to file tax returns and find new tax deductions that helps them to maximize potential tax refund.

$746K
-
1M
11
2011
South Africa
09
C
Contentellect

Content Management Systems

Content creation for SME's.Helping small businesses scale their content.Hi Nathan, Just updating our numbers for 2021. You interviewed Marc last year. I co-founded Contentellect with Marc and have recently bought him out. Let me know if you need any more details (mark@contentellect.com). Thanks!.Looks like the year has been set to 1970. Should be 2021. Thanks!

$497K
-
82
12
2018
United Kingdom
10
WWW
White Wall Web

Consulting

White Wall Web is a Web Application Business Consulting and Product Development company that also owns and commercializes it own intellectual property.Our Custom Division is focused on consulting around custom web-based application/system requirements, with the aim of defining business objectives and meeting those through the delivery of technical features. Our Platform Division is focused on delivering & consulting on existing Intellectual Property (often open-source frameworks), with the aim of meeting a technical feature requirement. Our Products Division has and continues to build, commercialize, manage and support web based (SaaS) products that WWW has built.

$422K
-
-
6
2003
South Africa
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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.