This South African company is expected to be the next ‘unicorn’

The Hurun Research Institute has published its Hurun Global Gazelle Index 2021 – a list of the world’s start-ups founded in the 2000s worth over $500 million today.

Many of the world’s top investment houses provided details of their portfolio, which the Hurun research team cross-checked against specialized investment databases, industry experts, media sources, as well as Gazelle co-founders. “The speed of value creation is phenomenal. It took the Hurun Gazelles only seven years from founding to make it to Gazelle, meaning these start-ups started out in 2014 on average, when their founders were 34 years old.”

While South Africa’s fintech sector has seen a boom in recent years, only one company featured on the 2021 ranking – fintech startupThe group, which describes itself as a banking-as-a-service platform, enable real-time access to funds at the lowest possible operating cost using artificial intelligence.

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