AlphaCode

AlphaCode builds an ecosystem for financial services innovation in Africa. It functions as a club that connects entrepreneurs, intrapreneurs, industry experts, and thought leaders to share knowledge and develop insights that transform the financial services sector. It also conducts venture activity in Johannesburg, funding investments in education, financial services, information technology, healthcare, and agriculture technology to advance growth and innovation in the region. Through these efforts, AlphaCode aims to accelerate the development of a robust, inclusive financial services ecosystem across Africa.

Dominique Collett

Senior Investment Executive

Fabian Whate

General Partner, Executive Director, Board Member and Investment Committee Member

Past deals in Grant

Abela

Grant in 2022
Abela is a mobile payments platform that allows the underserved to make and receive payments.

Welo Health

Grant in 2022
Welo Health is a Healthtech company focused on delivering at-home health services designed to improve healthcare accessibility for corporate clients and health insurers. The company operates a platform that allows employers to conveniently book a range of services, including remote counseling, financial wellness assessments, virtual consultations, and on-demand nursing. Additionally, Welo Health provides real-time health monitoring dashboards for employees, enabling organizations to enhance operational efficiency and ensure compliance with health standards. By offering these comprehensive healthcare solutions, Welo Health aims to facilitate affordable medical care and promote better health outcomes for employees.

Vocalysd.ai

Grant in 2022
Vocalysd is a customer-centric, AI-powered insights tool. Vocalysd unlocks usable, easy-to-digest insights from your conversational data. These insights are key to optimising client interactions and enhancing your customers' experience.

BriefCo

Grant in 2022
BriefCo is South Africa's pioneering legal cost consultancy that utilizes technology to enhance the efficiency of legal cost management. The company operates a secure online platform that facilitates the digital delivery and storage of legal documents. By leveraging artificial intelligence and machine learning, BriefCo automates the preparation and opposition of bills of costs, significantly reducing expenses related to printing, delivery, and file preparation. This innovative approach enables clients to streamline their legal cost consulting processes, making it a valuable resource in the legal industry.

Sizanani

Grant in 2022
Sizanani is the first WhatsApp-first stokvel solution because believes that technology is fundamentally meant to create value, not apps.

Oyi Medical Card

Grant in 2020
Oyi Medical Card offers prepaid healthcare payment tools to help individuals manage out-of-pocket medical expenses. The platform provides ring-fenced savings accounts with Mastercard-linked debit functionality, payroll integration for employers, and transaction tracking, enabling both individuals and employers to allocate and monitor medical spending without relying on traditional medical aid schemes.

Jamii

Grant in 2019
Jamii de-risks tenant rent default by offering tenants incentive-based discounts on food and transport and bolt-on retrenchment cover.

Level Finance

Grant in 2019
Level Finance is a customizable employee benefits platform focused on enhancing the financial wellness of employees. The company enables businesses to meet their human resources objectives while allowing employees to select benefits tailored to their individual needs. Through its platform, employees can access their daily salary, which provides them the ability to access wages when needed, rather than waiting until the end of the month. This approach not only supports immediate financial needs but also encourages employees to build wealth through savings and automated budgeting tools. By integrating these financial resources, Level Finance aims to empower employees and improve their overall financial health.

Budgie SA

Grant in 2019
Budgie is a free interactive application, that facilitates and assists spending based on a user’s created budget. From alleviating financial stress, to boosting financial freedom and control.

okGo.live

Grant in 2019
okGo.live, on-demand vehicle insurance targeted at out-of-warranty vehicle owners.

Mari

Grant in 2019
Mari is A digitised layby platform which allows for digital payments and savings. Customers should be able to make a layby purchase without incurring the cost of travelling to and from the store to make payments. Mari also allows people to create credit scores for themselves through an already existing payment structure without a bank account.

IsiDuli

Grant in 2019
IsiDuli is a financial services provider focused on the housing industry, specifically targeting the development of backyard rental properties in townships. The company aims to address the lack of access to development finance for property owners in these areas, where there is also a significant shortage of affordable rental options for consumers. IsiDuli offers backyard developmental credit, enabling homeowners who may be unemployed, retired, or low-income earners to create new income opportunities through property development. Additionally, the company provides a comprehensive range of services, including financing, construction, and property management, facilitating the entire process for township homeowners looking to develop rental units.

Oyi Medical Card

Grant in 2019
Oyi Medical Card offers prepaid healthcare payment tools to help individuals manage out-of-pocket medical expenses. The platform provides ring-fenced savings accounts with Mastercard-linked debit functionality, payroll integration for employers, and transaction tracking, enabling both individuals and employers to allocate and monitor medical spending without relying on traditional medical aid schemes.

Spoon Money

Grant in 2019
Spoon Money offers an online platform for managing stokvel savings clubs, enhancing transparency, security, and accountability. It caters specifically to the needs of its community-based users.

Olova

Grant in 2019
Olova offers a single payment platform for public transport systems. The lack of integration and interoperability between public transport systems is problematic and this what Olova aims to fix.
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