A total of R16 million is available for ground-breaking start-ups that can disrupt financial services in South Africa!
South Africa – AlphaCode Incubate is inviting start-ups with game-changing business ideas in financial services to become part of AlphaCode. Eight businesses will each qualify for a R2 million package. It’s like a real-life Shark Tank for small businesses, with BIG ideas!
Andile Maseko joins Brent Lindeque to chat about last year’s competition and how the businesses have grown in the past few months (adding jobs to our economy as well as new innovative ideas to the business space). 2019 applications were meant to close on the 18 June but AlphaCode decided to move this to the 24 June after appearing on the show.
The packages consist of:
- R1 million in grant funding
- A R500 000 12-month customised financial services programme with access to experienced mentors, RMI capital and an extensive network of thought leaders
- R250 000 worth of comprehensive business support services
- R250 000 worth of premium office space at AlphaCode’s exclusive Sandton co-working space and the opportunity to immerse in an unrivaled community of experts, potential clients and like-minded entrepreneurs.
Ntandoyenkosi Shezi is the co-founder of iSpani Group which provides sales channels for insurance distribution in informal markets and collects data for financial inclusion and is currently part of the programme. He explains that Incubate has accelerated his exposure in financial services and to the RMI companies.