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Gold Member, Blockchain


Centbee is a Bitcoin (Cash) wallet provider that makes it easy for ordinary people to buy, hold and spend Bitcoin at retailers and other merchants.

Centbee is a payment company specialising in merchant payments, cross-border remittances and other cryptocurrency related services. Founded in late 2016 its stated goal is to "Bring Bitcoin to Africa.

We see the opportunity to leverage the Bitcoin Cash cryptocurrency network to provide services to a global customer base. We provide an intuitive Bitcoin (Cash) mobile wallet to hold Bitcoin (Cash). That wallet can be used to send and receive Bitcoin (Cash) easily to friend and family, and to pay real-world merchants. Currently, few merchants accept Bitcoin, and we believe that we can provide simple and reliable interfaces to allow any merchant to register and receive payment - settled into their bank account in fiat currency. This removes the risk of Bitcoin price volatility and leverages the immutability of the crypto-currency network.

Our remittance model uses Bitcoin Cash as the 'rails' to make cross-border payments to support family as easy and cheap as possible. The social importance of this service cannot be overemphasized, and we believe that through providing a commercial service, we are helping people to connect with and provide for their loved ones. We recognise the need to inform and educate regulators, merchants, media and customers around Bitcoin and crypto-currencies. Lorien is in high demand at international conferences and private events, where he is able to make anyone an expert in only an hour. The purpose of our educational efforts is to increase awareness of Bitcoin, to reduce misconceptions, and to encourage adoption of Bitcoin (Cash).

Centbee is currently based in Johannesburg, South Africa and has a staff complement of 4. We are hiring - top-flight full-stack software engineers with passion and curiosity.

Lorien Gamaroff, Co-Founder @gamaroff

As South Africa's foremost blockchain expert, Lorien has been invited around the world to speak on digital currencies and distributed ledgers and their benefits for emerging economies. He has addressed the IMF, World Bank, FBI and Commonwealth Secretariat, the South African Reserve Bank, TEDx and a host of banking professionals and attorney generals throughout the world. He offers insight and guidance to business executives and advises government on blockchain technologies and their implications.

Angus Brown, Co-founder @bankingacumen**

Angus was the Founder, and later CEO of eBucks. He led the development of the internet banking platform, and later managed the entire business (Loyalty programme, eCommerce and Internet Banking). This business has made a real mark on the SA eCommerce, banking and loyalty landscape. He was the Head of Alliance Banking and Support Services at Mercantile Bank Limited and served as an executive of MMI Holdings and Blue Label Telecoms. With a long history in banking at the highest levels he brings experience and insight into innovative payment businesses like Centbee.

  • Development of customer-facing applications residing on Bitcoin / block-chain services.

  • Understanding of the regulatory framework around payments, and design of solutions that are regulatory compliant and have low operational risk.

  • Enablement of merchant payment services to accept Bitcoin / crypto-currency as tender.

Oct 2016 - The two founders met whilst presenting at a conference in and immediately saw how their skills complemented each other.

Dec 2016 - Work started on the prototype Centbee Bitcoin wallet

Jun 2017 - The first test payments using real Bitcoin were made to a pilot merchant and across international exchanges to test the remittance model.

Sep 2017 - The first public pitch took place at AlphaCode.

Jan 2018 - nChain invested in Centbee at which stage we hired our first employee - a young Java developer from Soweto.

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Join AlphaCode

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


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  • Gold


    Our gold membership is open to financial services founders and co­founders with a full-time commitment to their businesses.

    • Access to our co­-working office space in Sandton
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Member testimonials

  • 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