With a million rand war chest, Clive Butkow's Kalon Venture Partners is looking to invest into world-changing local start-ups.
The local cashback app taps into the largely ignored informal sector by offering the app to wholesale traders and spaza owners.
As a prelude to the conference, the organisation will tour six cities in Africa to source the best start-up talent.
A report from entrepreneurship portal, Disrupt Africa, has reported that funding for tech start-ups in Africa spiked 51%.
SNAPnSAVE plans to expand into Nigeria and international markets with the funds.
Users of the local SNAPnSAVE app have received R2 million in cash-back since launch in 2015.
The locally-developed couponing app reaches 130?000 users, nine months after launch.
A locally-developed shopping app reinvents the traditional coupon.