AlphaCode awards R16m to eight SA fintech startups
DURBAN - Rand Merchant Investment Holding (RMI), through their fintech division AlphaCode has awarded entrepreneurial packages valued at R16 million to eight of South Africa’s most promising financial services startups.
The entrepreneurial packages comprise of R1 million in grant funding and R1 million in support. The support includes mentorship, monthly expert-led sessions, exclusive office space in Sandton as well as marketing, legal and other business support services. The winning fintech entrepreneurs will also have access to the broader RMI network.