7 months ago

OWNERS of financial service businesses, here is your chance to win a part of R16 million in funding!

AlphaCode, in partnership with Rand Merchant Investment Holdings, Bank of America, Merrill Lynch South Africa and Royal Bafokeng Holdings, invites 18 black-owned innovative entrepreneurs to pitch their ideas to the judges. It could help boost the development of financial technology and financial services in Mzansi.

Eight out of 16 entrants have the opportunity to win R2 million in programmes and assistance to boost their businesses.

These are businesses operating in payments, insurance, savings, investments, advisory, data analytics and blockchain systems.

Dominique Collett, head of AlphaCode, said: “The package consists of R1 million in grant funding, R1 million worth of support, which includes mentorship, monthly sessions, office space in Sandton, marketing, legal, other business support services and access to the RMI network.”

She said over the last three years the programme has paid out R13 million to 15 black-owned businesses but this year the rewards are getting bigger.

“We aim to help entrepreneurs dealing with innovative financial services business models reach the next level.”

Businesses older than two years or less than 51% black-owned and managed will not be accepted.

Applications close on 31 August. The eight finalists start the programme on 1 November.

For more information visit www.alphacodeincubate.club

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