As part of our commitment to AlphaCode, our Product Team is continually working hard on adding exciting new features, along with functional improvements.
After a successful pitching event in October 2015, we decided to run the pitching event again this year.
A high-speed, high-excitement pitching event saw five black-owned South African fintech startups walk away with R1-million each in funding. A surprise additional R1-million was allocated to Heritage Capital Partners by Royal Bafokeng Holdings.
Top honours were awarded to five of the eleven black-owned fintech businesses that pitched their business ideas on the night. All five are now also AlphaCode platinum members which entitle them to office space and one year of incubation.
The four winning fintech startups that were awarded R1 million each as part of Merrill Lynch South Africa’s B-BBEE spend are:
E-factor, an online marketplace that allows small and medium sized businesses to sell their invoices so that they can obtain payment within 24 hours
Imafin, established in 2013, a specialist payment and commercial credit firm is driven by innovation on traditional payments models.
Invoiceworx, an online platform that enables SMEs to save time and money when applying for credit from financial institutions.
Stokfella, which offers a digital platform for stokvels to manage their day to day affairs with ease.
Heritage Capital Partners that seeks to invest growth capital in small to medium sized companies was announced as the fifth winner. This black female-owned startup received R1 million courtesy of Royal Bafokeng Holdings – a surprise addition to the selected four winners of the Merrill Lynch South Africa’s B-BBEE spend.
Founding Partner, Identity Partners
CEO, Merrill Lynch South Africa
CEO, Royal Bafokeng Holdings
Senior Investment Executive, RMIH
Are you ready to take your fintech business to the next level?Join the growing network of fintech disruptors shaping the future of our industry.
Green membership is available to aspiring financial services entrepreneurs, intrapreneurs and service providers.
Our gold membership is open to financial services founders and cofounders with a full-time commitment to their businesses.
Offered to high potential BBBEE businesses that have received enterprise development funding.
Offered by invitation only to businesses which have received growth capital investment from RMIH.
Alpha Code is a phenomenal platform to network with next generation fintech players offering leading thought leadership events in a world class environment. Look forward to watching the ecosystem facilitate the next ‘Uber’ of Africa.
Dov Girnum, CEO Merchant Capital
Starting a business is a daunting prospect, especially one that has a focus on an unproven and experimental technology. I have benefitted enormously from the support and wisdom I have received from AlphaCode during my time as a member.
Lorien Gamaroff, CEO Bankymoon
Being located in the heart of Africa's biggest financial services hub, we have gained a lot of credibility through AlphaCode. Our customers trust our brand by association, which results in increased sales of cows.
Ntuthuko Shezi, CEO Livestock Wealth
AlphaCode is without a doubt the premium fintech and startup community in South Africa providing many learning, growth and network opportunities and an environment which adds concrete value to us
Schalk Nolte, Founder Entersekt
Slide is now well on the way to causing significant disruption in the South African fintech sector. We would not have been able to break into the South African market so rapidly without the help provided by AlphaCode.
Alon Stern, Founder Slide
AlphaCode has been instrumental in providing a platform for us to access industry thought leaders, networks, working space, coaching and ultimately the opportunity to pitch to global multi-nationals and secure funding that very few startups get to land in their first year.
Priya Mistry, Founder CommuScore
AlphaCode has been instrumental in the growth of our business. Through the club, we have met many like-minded entrepreneurs and businesses with whom we have formed strategic partnerships. The team is incredibly generous with their time and continue to give us invaluable mentorship and support.
Annabel Dallamore, CEO StriderTech