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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, InsurTech

Riovic

Riovic is a platform that connects low-premium insurance seekers with investors that are willing to back their risk in exchange for a return.

Riovic was founded and incorporated in January 2015 by Phiwa Nkambule and Naledi Mokoena in search for opportunities in the new FinTech industry. After months of search and study the start-up identified financial inclusion gaps in the traditional insurance industry in the provision of insurance and the affordability of insurance.

The company started innovating towards closing the gaps starting with a virtual financial advice system, a digital insurance system and finally an insurance crowdfunding system. These were then integrated to produce the platform that Riovic offers its users today for access to low cost insurance and investment opportunities in insurance.

Phiwa Nkambule, Co-founder and CEO @PhiwaNk

Phiwa is the founder of award-winning IoT and Cloud Computing startup Cybatar. He attended the University of Pretoria where he studied BCom Law but is a self-taught developer who started building computers in 2006 at age the age of 14.

IT

  • Artificial Intelligence
  • Big Data Analytics (mainly Social Media Analytics)
  • UX

Finance

  • Accounting
  • Financial Management
  • Actuarial Science
  • Auditing

Business

  • Marketing
  • Engineering

Connect with Riovic

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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.

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

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    Membership

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

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    • Exclusive applications to competitions and conferences
    • Access to AlphaCode vetted service providers
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    Offered to high­ potential BBBEE businesses that have received enterprise development funding.

    • Free semi­-private office space for 6 months in Sandton
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    • Informal mentorship from the RMIH investment team
    • Access to exclusive networking events & hosted dinners
    • Exclusive applications to competitions and conferences
    • Acceleration and incubation support
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  • 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
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    • 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