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As part of our commitment to AlphaCode, our Product Team is continually working hard on adding exciting new features, along with functional improvements.

Platinum Member, Lending

E-Factor

E-factor is the marketplace that is here to provide an online standing ‘credit’ window for SMEs that supply blue-chip companies in Africa. For the first time in Africa SMEs can now auction their invoices and investors can bid for these invoices.

E-factor is a marketplace of invoices. Small and medium companies that supply private companies and JSE listed companies can sell their invoices and obtain immediate payment instead of waiting for 30/60/90 day payment terms offered by their customers. E-factor also offers investors a marketplace of a new asset class called an invoice. Investors can now invest in an invoice and earn up to 48% p.a returns.

Tito Mbatha, Founder

Tito is a chemical engineer by profession. He worked for Shell and BP as a process engineer before joining the Rand Merchant Bank Money Markets desk as a trader. He went on to trade interest rates and currency derivatives on the structured trading desk. Tito successfully completed all the JSE exams and is a registered person with the JSE to trade in bonds, money markets, derivatives, equities, commodities and forex. Tito also holds an MBA from GIBS Business School where his thesis was "Online reverse factoring as a financing technology for the South African SMEs".

Tito’s business model has won awards from SAB Foundation Innovation Awards, Endeavour, GIBS MBA business plan competition and Barclays Techlab. e-factor is now a platinum member of RMI's AlphaCode after winning R1m from Merrill Lynch BBBEE pitch competition.

  • Cash-flow management

  • Purchase order finance

  • Invoice discounting

  • System development

  • Capital raising

2011

  • Completes his business plan and thesis at GIBS business school
  • Wins GIBS MBA business plan competition
  • Wins SAB Foundation Innovation Awards
  • Wins Endeavour acceptance

2012

  • Completes first round of investments

2014

  • Development of minimum viable product is completed

2015

  • Joins the Barclays Tech Lab Accelerator and signs POC with Barclays

2016

  • Signs an exclusive deal with Inwise Estonia for the whole of Africa
  • E-factor becomes AlphaCode platinum member after winning R1m in ED spend
  • E-factor registers 152 SMEs in 3 months on the platform.

2017

  • E-factor now on course for a R10m volumes traded by end of year 2017.

Connect with E-Factor

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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

    Membership

    Green membership is available to aspiring financial services entrepreneurs, intrapreneurs and service providers.

    • Monthly newsletter with key industry insights, trends and news
    • Access to open networking events hosted at AlphaCode
    Join now
  • Gold

    Membership

    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
    • Business support services
    • Access to exclusive networking events & hosted dinners
    • Acceleration and incubation support
    • Informal mentorship from the RMIH investment team
    • Exclusive applications to competitions and conferences
    • Access to AlphaCode vetted service providers
    • Exposure to commercial opportunities
    Apply now
  • Platinum

    Membership

    Offered to high­ potential BBBEE businesses that have received enterprise development funding.

    • Free semi­-private office space for 6 months in Sandton
    • Business support services
    • Informal mentorship from the RMIH investment team
    • Access to exclusive networking events & hosted dinners
    • Exclusive applications to competitions and conferences
    • Acceleration and incubation support
    • Access to AlphaCode vetted service providers
    • Exposure to commercial opportunities within and outside the portfolio companies
  • Diamond

    Membership

    Offered by invitation only to businesses which have received growth capital investment from RMIH.

    • Receive growth capital investment from RMIH
    • Access to a co-­working office space in Sandton
    • Business support services
    • Access to exclusive networking events & hosted dinners
    • Formal mentorship from the RMIH investment team
    • Exclusive applications to competitions
    • Access to AlphaCode vetted service providers
    • Exposure to commercial opportunities within and outside the portfolio companies
    • Exclusive applications to competitions and conferences

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

  • 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 Stock Shop

  • 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