Western Cape trade, tourism and investment agency Wesgro has highlighted that UK-based FinTech enterprise, the ClearScore Group, has decided to make Cape Town its second major tech hub outside of London. Consequently, it is expanding its operations in the Mother City, and over the next 12 to 18 months will increase its staff complement in Cape Town to some 120.

“South Africa, and Cape Town in particular, has been an important part of the ClearScore growth journey for many years. Cape Town is the first place we opened an office outside the UK, and it has played a central role in our success ever since,” highlighted ClearScore co-founder and CEO Justin Basini. “The depth of engineering, product and design talent in the city makes it the right place to build. This investment reflects our long-term confidence in Cape Town and South Africa.”

ClearScore’s offices, in Loop Street in the Cape Town CBD, will provide global support for the group’s international platform, in the areas of strategic engineering, data analysis and product management. They would also serve the South African market with commercial and marketing operations. For the future, the company had ambitions regarding agentic AI, and its Cape Town team will also be involved in these developments.

“The Western Cape’s appeal lies not only in its skills base and digital capability, but in the broader environment it offers businesses and talent,” pointed out provincial Premier Alan Winde. “Companies need places where they can grow with confidence, and people want places where they can build careers and quality lives. That combination is increasingly what makes the Western Cape competitive in attracting long-term technology investment and we welcome ClearScore’s growth.”

“This occasion carries significance beyond the opening of a new office. It signals confidence in South Africa as a destination for investment, innovation, and the development of globally competitive digital capabilities,” highlighted national government Trade, Industry and Competition Deputy Minister Alexandra Abrahams. “We are committed to creating a policy environment that supports innovation while safeguarding stability. The development of a competitive FinTech ecosystem requires coordinated engagement between government, industry and investors.”

“ClearScore’s decision to deepen its presence in Cape Town is a strong endorsement of the Western Cape as a destination for innovation-led investment,” stressed Wesgro CEO Wrenelle Stander. “What makes this especially significant is that it is not simply a market-expansion story, but a signal that globally relevant technology can be built from here. That speaks to the growing strength of the province’s tech ecosystem, talent base and long-term investment proposition.”

“Cape Town’s role in this story is clear: we are a city where innovation, infrastructure and real energy come together to create opportunity,” said City of Cape Town Economic Growth MMC James Vos. “ClearScore’s decision to locate on Loop Street is a strong vote of confidence in our CBD and in what we are building here.”