Make life easier with these five start-ups
These tech companies can help you to offset your carbon footprint while shopping online, give you access to cashless parking and more. By
As 2022 winds down, an awards ceremony sponsored by Xero and PayFast, with support from Heavy Chef, xneelo and Workshop17, recognised the top five start-ups for the year: Curbon, Franc, Parket, Floatpays and Zoie. These are all technology start-ups that are less than five years old and have come up with innovative ways to make life, well … a little more convenient.
Help the planet while shopping online
First up was Curbon, a fintech start-up that traces your carbon footprint when you are doing online shopping – from the production stage to when you finalise payment – and allows you to offset the carbon equivalent emissions of your online purchases by making a direct financial contribution to climate projects.
Help your business to grow by investing wisely
The second start-up was Franc, an investment technology app for businesses. Entrepreneurs Sebastian Patel and Thomas Brennan saw a gap in the market and came up with an innovative online solution for businesses to save or invest easily. Franc quadrupled the number of investors using its platform in the first year of operation. “As an investment actuary, I often got asked how people should be investing their money. With so many complex products, we started Franc as an easy solution. Only about 5% of the South African population invest and ‘how to invest’ is one of the most popular searches on Google,” Patel says.
Access public parking ahead of time without needing cash
Parket was the third winning start-up and is a turnkey digital parking access programme, designed to allow you access to ticketless and cashless public parking. The app allows drivers to register their vehicle licence plate number, source parking at affordable rates and pay via the app in a cashless transaction.
You can even book a parking bay ahead of time, and when you drive into the parkade, your licence plate is visually recognised and the boom opens automatically for you. Founder Joshua Raphael told Engineering News that the smart parking management platform reduces the endless coasting and carbon emissions associated with vehicles looking for parking, while also eradicating consumables such as paper tickets.
Floatpays, founded in 2019 by Simon Ward, allows employees to access a portion of their pending pay cheque at any time of the month to cover unplanned expenses
Access your salary in an emergency
Floatpays, founded in 2019 by Simon Ward, allows employees to access a portion of their pending pay cheque at any time of the month to cover unplanned expenses.
In February this year, Naspers Foundry invested R15-million in Floatpays. Fabian Whate, head of Naspers Foundry, notes that on-demand earned wage access was fast-growing within the fintech sector.
“While still nascent in South Africa, there is significant potential for Floatpays, which is focused on serving the underbanked. We’re delighted to partner with the Floatpays team, who have a proven track record of success in early-stage tech businesses, particularly in fintech,” he says.
Simon Alston, chief executive officer of Wellness Warehouse, says the company partnered with Floatpays to address some of the financial challenges of employees via a cost-effective, convenient solution.
“…[Floatpays] teaches financial responsibility and is on a mission to change habits. This is therefore a sustainable solution with lasting benefits,” he says.
In July this year Wellness Warehouse staff reported an improvement in financial wellness, with 36% fewer loan applications and 23% less credit use, and 96% felt more in control of their finances.
Access digital health consultations
Finally, Zoie is a digital health clinic for women that focuses on fertility, family planning and maternity consultations. A recent survey by Zoie showed that the physical, mental or emotional burden of reproductive issues had affected the concentration of 90% of respondents in the work environment.
Eighty-five percent said their productivity tended to decrease when facing such challenges, and 65% had, at some stage, been forced to miss work because of a health matter related to reproduction, such as a period, miscarriage or pregnancy.
The venture, which was founded by Thato Schermer and Dr Nonhlanhla Sitole, has already received widespread international recognition, having previously won the HBS Africa Business Club’s New Venture Competition.