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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.

Gold Member, B2B Solutions


Electrum technology connects people directly to financial services, millions of times a day, by joining up with some of South Africa’s leading payments and technology companies.

Electrum is a highly successful FinTech Software Company, based in Woodstock, Cape Town. Founded in 2012 by South Africa’s leading payments software experts, and housing some of the best software architects, developers, and consultants in the country. All of Electrum’s software development is performed in-house.

We’re disrupting the industry with our cloud based payments solutions using our feature product – a cloud based transaction processing platform. Major retailers, banks, and international money transfer firms utilise our technology to accept payments, and provide value added services to their customers. We also provide specialist software development services and consultancy for bespoke projects to enhance our customer’s existing payments infrastructure.

Electrum Case Studies

Our work environment is relaxed yet results-driven, encouraging creativity and collaboration. Side benefits include cool colleagues, awesome offices, Macbook Pro developer machines, big monitors, healthy cooked lunch, Friday craft beers, flexible working hours, large desks, and very competitive games of table tennis.

Pick n Pay

Pick 'n Pay is one of Africa’s largest retailers, processing millions of transactions every day to meet the needs of their customers. Pick n Pay was looking for a technology partner who not only had a strong understanding of their existing retail technology but also had the capability to deliver new solutions and to assist them to innovate.

Since 2013, Electrum has delivered several solutions to enable high-profile products, services and campaigns at Pick n Pay. We enjoy a strong working relationship with them, based on a mutual history of collaboration, reliability, cost effectiveness, innovation and responsiveness.

Retail Banking

Retail banking is changing fast, and consumers are expecting more and more from their banks. Our customer is a relatively new – but very fast-growing – retail bank with a highly innovative and forward-looking approach to technology. Consistently scoring top marks in digital channel surveys, the sophisticated simplicity of their products has found great favour in the South African retail banking market.

Retaining an industry-leading offering means ensuring that customers are able to get the products and services that they expect, regardless of the channel (mobile, web, ATM, branch etc.) Electrum was called upon to assist in extending the bank’s product and service delivery across platforms. Thanks to our experience and insight into the confluence of mainstream banking systems and modern web and mobile technology, we were able to do just that.

Mama Money

Every day, Mama Money is putting more money into the pockets of those who need it the most. Mama Money is a South Africa Reserve Bank-regulated Money Transfer Operator, whose ambitious aim is to substantially lower the cost of low-value international remittances in Africa.

Lowering remittance costs means running an extremely efficient, lean operation, and Mama Money needed a technology partner who could meet their stringent requirements for innovative technology, reliability, compliance and straight-through processing. Electrum is uniquely positioned to provide money transfer technology on the advanced Electrum platform, with links to banks, retailers, mobile networks and neighbouring countries. Electrum delivers a world-class SaaS platform to Mama Money, which is used to provide rock-solid reliability and resilience to Mama Money Customers.

Dave Glass, Co-Founder

Dave holds a BCom Honours (First Class) in Information Systems from the University of Cape Town and an MSc in Information Systems Management from Trinity College in Dublin. He has more than 13 years of experience in Software Development and in the payments industry.

Gideon Joubert, Co-Founder

Gideon holds a BSc Honours from Open University and has over 10 years of Software Development industry experience.

Dirk Potgieter, Co-Founder

Dirk holds a BSc Honours in Computer Science from the University of Stellenbosch and has over 9 years of Software Development industry experience.

  • Payments Processing
  • Value Added Services
  • Software Development
  • Payments Consulting

Connect with Electrum

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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


    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
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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
    • 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
  • Platinum


    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


    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
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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