AlphaCode Incubate launches call for black fintech startups with R2Million up for grabs

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AlphaCode Incubate launches call for black fintech startups with R2Million up for grabs

Rand Merchant Investment Holdings (RMI) has a proud track record of backing extraordinary financial services entrepreneurs. Its portfolio companies comprise some of the most recognisable brands in South Africa and the UK, including Discovery, OUTsurance, and Hastings, all of which have disrupted and transformed the financial services landscape.

Launched by Rand Merchant Investments in 2015, AlphaCode identifies, partners & grows next-generation financial services entrepreneurs through incubation, acceleration, collaboration, and investment.

AlphaCode, fintech accelerator, today launched a call for fintech startups that are 51% black-owned to apply to its year-long AlphaCode Incubate, which will offer eight startups each R2-million in support and funding.

Applications close on 18 June.

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