FinTech continues to surprise with little to touch the rise of bitcoin and cryptocurrencies in 2017. This will continue in 2018.

I made some predictions based on what we see happening globally and what we see taking place with our members at AlphaCode, a Rand Merchant Investments club for FinTech startup entrepreneurs.

Below is a list of the hot South African FinTech startups you should watch in 2018.

1. Click2Sure

Click2Sure allows a customer to purchase a high-value consumer item via an online e-commerce provider and during the checkout process, the customer is offered a policy of insurance on the item they have just purchased.

2. Luno

Luno allows you to buy, sell, send, receive and securely store Bitcoin or Ethereum in just three steps with a minimum of R10. Bitcoin has the potential to fundamentally disrupt the traditional bank payment and card rails and gives an enhanced customer experience.

3. Karri

Karri is a mobile payment app that allows you to make quick payments for school events. Instead of sending children to school with envelopes of cash for civvies days and class outings, you’re able to make fast payments of exact amounts straight to your school.

4. FinChatBot

FinChatBot offers intelligent chatbots for the financial services industry, reducing time and costs. It allows them to radically cut costs without impacting the customer experience. In addition, chatbot intelligence is advancing quickly, which increases the appeal.

5. Isazi Consulting

Isazi Consulting is a data science company that applies rigorous, best practice scientific methods to extract meaning from data.

6. Electrum

Electrum is a payments technology provider that offers a cloud platform that is used by banks and retailers to accept payments, process Value Added Services transactions and enable omnichannel integrations. It also allows corporates like retailers and banks to sell new products like data, airtime and movie vouchers to their customers. These value-added services are a great revenue stream for retailers and banks.