Feature coming soon.

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

Invoiceworx

Invoiceworx is a trade finance platform that seeks to provide credit to SMEs for contracts and purchase orders and discount invoices for SMEs for early settlement from debtors.

The demand for credit among small and medium enterprises (SMEs) presents an obvious opportunity for banks. But the supply does not match it.

Sub-Saharan Africa is one of the most difficult regions in the world in which to access financing for SMEs. This unmet demand – the credit gap – is estimated at between US$70bn and $90bn in the region, according to a recently released report by the African Development Bank,”Financial Inclusion in Africa”. The provision of credit, including loans, overdrafts, leasing and trade finance, would need to increase by 270%-300% to close the credit gap, the report finds. Invoiceworx sees the above problem as a big opportunity.

We have developed a credit vetting algorithm that allows us to vet credit applications within hours. Our customer experience journey is as follows:

  1. Register on the platform (information about you and your business)

  2. Request finance by telling us about the contract/purchase order and upload documents.

  3. We verify the purchase order with the ordering party for authenticity.

  4. Our system scores your application and we either accept or reject your application.

  5. When approved disbursement will happen.

  6. Outstanding debt will be collected either daily, weekly or monthly.

Siya Ntutela, Founder and CEO

Siya was born in Johannesburg but grew up in the Eastern Cape and later Emalahleni. He is married with three kids and is a proud AlphaCode gold member.

  • B Com – Accounting and Auditing
  • Qualified Facilitator and Assessor, ETDP Seta
  • Short Term Insurance – NQF Level 4, InSeta
  • Treasury Specialist – Investec (4 years)
  • Financial Advisor – Sanlam (1 year)
  • Facilitator and Assessor – PMI, QED, Imsimbi, Fernwood Business College

Mdu Thabethe, COO

Mdu Thabethe is one of the key team members of Invoiceworx. He is a banker by profession and has many years of banking experience ranging from Retail to Corporate. He worked for Volkskas Bank, Standard Bank, Nedbank and Absa. He is regarded as a specialist in the business sector and in economic development based on more than 20 years of involvement within the industry based on the successes achieved and the research conducted. Mdu hold the following qualifications: - Diploma in Bank Credit Principles – Damelin School of Banking (DSB) - Programme in Managing Risk in the SME Market – Graduate Institute of Management & Technology (GIMT) - Credit Diploma – Institute of Bankers in South Africa (IOB) - Advanced Credit Diploma – Institute of Bankers in South Africa (IOB) - Certificated Associate of the Institute of Bankers (CAIB) – Institute of Bankers in South Africa (IOB) - Management Development Programme – Gordon Institute of Business Science (GIBS) - School Leadership Programme – University of Stellenbosch Business School and Executive Development (USB-ED) - Masters in Business Administration (MBA) – Milpark Business School (MBS).

  • Credit and risk management
  • Banking
  • SME development

Sep 2015 - Founding of Invoiceworx

Nov 2015 - Top Ten Standard Bank Fintech Competition

Mar 2016 - Top 100 Hack Jozi start-up competition

Sep 2016 - Launch at the Small Business Expo

Connect with Invoiceworx

More of our Members

Logo alphacode gold imafin
Logo alphacode gold mamamoney 500
Logo logo wealth 500x500
Logo alphacode gold jade  2
Logo alphacode gold mhealthco 500
Logo alphacode gold prodigyfinance 500
Logo maxicash logo  1
Logo alphacode gold nomanini 500
Logo thisisme
Logo alphacode gold snapscan
Logo alphacode gold mowallet  1
Logo arcus
Logo logo stockfella 500x500
Logo alphacode gold fincheck 500
Logo alphacode gold snapbill
Logo alphacode diamond merchantcapital 500
Logo alphacode gold ikhokha
Logo alphacode gold nervedata 500
Logo wallet doc logo 500x500 black
Logo alphacode gold bitsure
Logo logo sipp 500x500
Logo alphacode gold stockshop 500
Logo bankymoon
Logo taxtim logo
Logo docfox
Logo sasasolutions
Logo alphacode gold lulalend  500
Logo peachpayments
Logo alphacode platinum decorum  1   1
Logo mytreasury 500x500  1
Logo alphacode gold electrum  1
Logo logo alphacode gold diga 500
Logo prosperiprop
Logo alphacode gold emergeanalytics 500
Logo alphacode gold rainfin 500
Logo alphacode gold wax d 500
Logo alphacode gold definitionofinformation 500
Logo walletech
Logo alphacode gold themoneyschool 500
Logo alphacode gold dataprophet
Logo alphacode platinum isazi 500
Logo alphacode platinum livestockwealth 500
Logo alphacode platinum brighton  1
Logo alphacode partner yoco 500
Logo alphacode gold zoona 500
Logo entersekt
Logo alphacode gold riovic  1

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