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Nolte’s aim is to become the first billion-dollar fintech company out of South Africa.

“You should be able to do anything and everything off a mobile.” Entersekt is now expanding its authentication and app security solutions globally, providing secure, convenient digital transactions in more than 45 countries and proving that South Africa is creating innovative solutions that can be applied on a global scale. “If you can solve security to a mobile, it can be as disruptive as email was to mail,” he says.

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Schalk Nolte, CEO of Stellenbosch-based software development company Entersekt, is seeking to change the financial services industry by developing enhanced mobile app security. Home to Technopark Stellenbosch and Stellenbosch University, which produced Africa’s first communications satellite back in 1999, the town brims with ideas that promise to change the way business is done in the country. About 50 kilometers east of the capital, the town of Stellenbosch is proving itself especially fertile ground for young tech entrepreneurs. Cape Town and the wider Western Cape has emerged as Africa’s largest hub for tech startups in the last decade, drawing the moniker the Silicon Cape. Such operations will be of huge benefit to South Africa, which, in spite of recent economic woes, has in its favor a wealth of youthful human capital with the capacity for innovation. CEO Barlow Manilal is methodical in his view of what the agency’s function is: “We help establish a business, making sure that it becomes a commercially viable product, gains access to the market, creates jobs and stimulates the economy.” TIA has a mandate to ensure a conducive space for innovators and producers of ideas, providing direct funding and entrepreneurship support for projects so that products can be introduced to the market. The involvement of public agencies like the Technology Innovation Agency (TIA) and the Industrial Development Corporation (IDC) speaks to an active desire to bring the economy up to date and out of its present slump. In South Africa, trade development goes hand in hand with promoting technology and innovation.

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