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Brokstock

“Can a South African retail CFD brokerage backed by BCS Financial Group become a full-stack banking and investing super-app for mass-market investors?”

Founded2020
HQMidrand (Midlands Estate, Gauteng), South Africa
IndustryFintech / Investment
The story

Founded in 2020 as a South African retail CFD brokerage backed by the BCS financial group, Brokstock started by offering access to 2000+ instruments (shares, metals, crypto, currencies, ETFs, commodities) via a mobile app. The company rapidly digitised its onboarding through Sumsub-powered KYC from 2021, reaching 100,000 paying customers by end-2025. The most significant embedded-finance move is the launch of a BROKSTOCK Branded Debit Card (issued by Standard Bank, on Mastercard), signalling an evolution from pure brokerage toward a unified banking-and-investing super-app for South African retail investors.

Last 12 months
2025-12
2025-12
2026-02
Product timeline
2020
Brokstock founded in South Africa as part of the BCS financial group, offering CFD trading on shares, metals, crypto, currencies, ETFs, and commodities.· pivot
2021
Began working with Sumsub for automated KYC/AML onboarding, achieving 9-second median verification time.· banking
2024
Surpassed 40,000 registered investment accounts and 150,000 app downloads.· pivot
2025
Grew paying customer base to over 100,000.· pivot
2025
Announced pre-order phase for BROKSTOCK Branded Debit Card, issued by Standard Bank and processed by Mastercard, integrating trading and card accounts in one app.· card
Regulated entities
1
regulatory licence held by Brokstock
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in Brokstock’s embedded-finance stack
Banking / BaaS
Standard Bank (in-house)
Card issuing
in the full report
Card network
in the full report
KYC
in the full report
Accounting gap: none
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.