South African fintechs Paymenow, TymeBank, Omnisient make FT’s Africa fastest-growing companies list
- Paymenow ranked sixth in the FT Africa’s Fastest-Growing Companies 2025 ranking, with a 3756.1% absolute growth increase from 2020 to 2023.
- Paymenow's revenue surged from $0.14 million in 2020 to $4.86 million in 2023, and its employee count grew from 7 to 38.
- TymeBank ranked 29th in the FT list, with revenue increasing from $10.67 million in 2020 to $67.70 million in 2023.
The rapid growth of these fintech startups highlights the increasing demand for innovative financial solutions in South Africa. However, as competition intensifies, it will be crucial for these companies to maintain their growth trajectories and adapt to evolving market conditions. Further discussion could focus on the sustainability of such growth and the potential challenges these startups may face in the future.
