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AlphaCode selects 10 businesses for R10-million fintech support programme –

AlphaCode has announced the 10 startups that will take part in the prestigious AlphaCode Incubate programme that provides funding and more.

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AlphaCode has announced the 10 startups that will take part in the AlphaCode Incubate programme.

The development programme provides funding, mentorship from experts, access to AlphaCode’s co-working space, and the opportunity to apply for early-stage investment.

AlphaCode announces 10 fintech’s selected for the prestigious programme

Andile Maseko, head of ecosystem development at AlphaCode comments on the quality of applications received this year.

“We are delighted by the quality of the applications for our programme. We have selected a diverse cohort (a good mix of gender, age and race) and we look forward to supporting these disruptive, early-stage businesses with pioneering ideas so that they can make a meaningful impact in the financial services industry.”

AlphaCode Incubate programme

The selected participants will take part in a 12-week intensive pre-incubation programe that is valued at R500 000 and will be provided R150 000 in grant funding each.

The pre-incubation programme is the first phase and focuses on educating participants on how to achieve a viable business model.

At the end of the 12-week pre-incubation programme, partcipants will go head-to-head in a six-month step-up programme. The step-up programme offers selected participants R500 000 each and is an intensive incubation programme that focuses on establishing product-market fit and financial viability for participating startups.

According to AlphaCode the value of the entrepreneurial package offered in the programme is almost worth R1.5-million for each startup. The incubation programme also provides an opportunity for participants to apply for seed capital from AlphaCode’s fund that invests in early-stage startups.

The ten selected startups

  • Bento is an out-of-the-box employee perks and benefits platform. It gives employers a simple and cost-effective solution to offer employee benefits without the cost and administrative burden. Employees are empowered to self-manage their benefits and perks which gives them freedom of choice over their remuneration structure and take-home pay. Co-founders: Claudia Snyman, Dennis Williams, Bryn Divey, and Ross Horak.
  • Mapha buys and delivers goods from any local store in your area within two hours. Mapha’s service delivers any retail item and affords the option of buying from multiple stores in one trip. In addition, daily courier services are offered. Mapha creates payment solutions for small businesses that would like to integrate delivery services. The business has expanded into Tembisa and Alexandra to penetrate the township economy, which hasn’t had on-demand delivery services. Co-founders: Loyiso Vatsha, Tshidiso Vatsha, Noble Nyoni, and Lesego Mokou.
  • OysterPay is a digital banking platform for gig workers who are largely overlooked by traditional financial institutions. It offers a prepaid debit card and mobile app that helps these workers get paid, save, and borrow. OysterPay’s data science approach builds highly personalised offerings, particularly in savings and digital lending, that promotes financial security and inclusion for all gig workers. Co-founders: Scelo Makhathini and Atif Muhammad.
  • Melon is the easiest way to invest in Bitcoin and cryptocurrencies. With lightning-fast purchases and a simple user interface, Melon makes buying Bitcoin as effortless as shopping online. In just a few clicks, customers will be able to add an investment amount to their cart, pay using a card or instant EFT, and access savings products in one convenient location. No waiting for deposits, and no complicated trading interface. Co-founders: Kreaan Singh and Alex Coetzee.
  • AgriCool is an e-marketplace that links smallholding farmers and buyers to a fair and reliable market. It offers farmers access to finance, reliable information on improving their production and it works with both formal and informal markets. Street vendors can get fresh produce delivered, saving them transportation costs. Founder: Zamokuhle Thwala.
  • Imfuyo Technologies is developing a smart farming solution that will give livestock farmers better oversight of their operations at viable cost points. The initial offering will consist of a smart tracker that will collect critical data about cattle location and behaviour. The data is analysed to enable farmers to optimise farming activities. The platform will also serve as a de facto cattle deeds office, providing better traceability across the beef production value chain. Through Imfuyo Technologies, livestock farmers also have better access to financial markets. Founder: Allasandro Da Gama
  • MatchKit.co helps athletes better commercialise their careers. The platform helps athletes make money, regardless of the status of sporting events. It integrates into existing social media channels and stats to showcase the value of an athlete’s digital audience to potential sponsors. It also offers a plug and play e-commerce store where fans can purchase everything from bespoke branded merchandise to personalised video and audio shout-outs. MatchKit.co plans to add insurtech and transactional / virtual card capabilities to the offering. Founders: Mike Sharman, Shaka Sisulu, Bryan Habana, and Ben Karpinski.
  • Varibill is a billing and revenue management tool, ideal for providers of usage-based products and services. Varibill provides specialised software plug-ins, called source collectors, that interrogate various disparate sources or devices and then translates the usage data into billing data. It connects the sources of usage with a company’s existing accounting system. Varibill is a business model enabler for businesses that recurring, variable billing needs with benefits including accurate timely invoices; improved profitability; and reduction in revenue leakage. Founder: Leon Kelder.
  • Chama Money enables stokvels to operate online in an easy, safe, and transparent way whilst giving them access to retail, insurance, and financial products from trusted providers. The platform has automated processes like bookkeeping, accounting, and payments. Co-founder: Palesa Lengolo.
  • DentX is a machine learning platform for vehicle damage repair pricing that empowers vehicle or fleet owners with data for competitive quotations. The DentX machine learning platform connects real-time aggregation of approved service providers with machine learning to give more accurate estimations per line item. This offers the consumer cost control, repair service quality assessments, immutable damage records, and no room for monopolies or collusion. Co-founders: Jonathan Kojo Asiamah and Nolo Mokoena.

Read more: New funding mechanism launches for SA medical sector
Read more: SA fintech increases SMME funding limit to R2-million

Featured image: Andile Maseko head of ecosystem development AlphaCode (Supplied)

Andile Maseko, head of ecosystem development at AlphaCode comments on the quality of applications received this year.

Source: https://ventureburn.com/2021/02/alphacode-selects-10-businesses-for-r10-million-fintech-support-programme/

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Nigerian healthtech expands into 11 cities across East and West Africa –

Field Intelligence has announced that its expansion into 11 markets namely; Rivers, Edo, Kaduna, Kano, Enugu, Delta and Kwara States in Nigeria, and more.

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Abuja-based healthtech startup Field Intelligence has announced that its expansion into 11 markets namely; Rivers, Edo, Kaduna, Kano, Enugu, Delta and Kwara States in Nigeria, and Eldoret, Mombasa, Kisumu and Naivasha in Kenya.

Field Intelligence expands into 11 new cities with innovative health tech platform

The expansion of the innovative health tech startup means that independent and franchise pharmacies will be able to access 1000 products, inventory planning, subscription delivery and Pay-As-You-Sell all on the startup’s Shelf Life platform.

Michael Moreland, CEO of Field Intelligence comments on the startup’s expansion.

“Shelf Life’s rapid uptake across such a range of African markets is a testament to its potential as a solution for pharmacies across the continent. Rural and urban, East and West, we have found Shelf Life helping pharmacies overcome a shared set of challenges and seize new opportunities for growth by improving access for their patients. The ability of our technology to digitize, automate, and optimize planning, assortment, and fulfillment, led by an incredible team, is quickly making Shelf Life one of the largest retail pharmacy supply chains in Africa.”

Shelf Life

Founded in 2017 by Field Office, Shelf Life is an innovative tech-based solution to the pharmaceutical inventory problem in Africa. The platform provides transparent visibility and control of control of pharmaceutical procurement and inventory management. This eliminates the risk of over and understocking that reportedly results in a loss of over 10% a year and 30% stockout rates, which results in pharmacies limiting and cutting down on their stock offers. The platform manages forecasting, quality assurance, fulfilment, and inventory management in a subscription service

At the end of the supply chain process, pharmacies sell Shelf Life supplied goods via consignment through the Pay-As-You-Sell programme.

Field Intelligence

Founded in 2015, Field Intelligence is a healthtech startup that is at the forefront of digitising the supply chain of pharmaceutical products and increasing access to life-saving medicine.

According to a press statement, the startup utilises data to optimise predictions and identify irregularities in the market to meet the demands for prescription and over the counter medication.

Field Office aims to network in over 2000 pharmacies in 2022 with other plans including the target of 12 000 pharmacies in its network.

Read more: SA crypto startup launches block-chain powered freelance jobs marketplace

Featured image:Field Intelligence (Supplied)

Michael Moreland, CEO of Field Intelligence comments on the startup’s expansion.

Source: https://ventureburn.com/2021/09/nigerian-healthtech-expands-into-11-cities-across-east-and-west-africa/

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Top web startup events in South Africa [30/08/2021]

This week’s lineup of events is filled with several engaging webinars – valuable insights from tech startup founders to how to create your own AI startup.

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This week’s lineup of events is filled with several engaging and enlightening webinars – from valuable insights from tech startup founders to details on how to create your own AI startup.

Meet Sumarie Greybe, Co-founder of Naked Insurance

Startup Grind South Africa is hosting Sumarie Greybe, the co-founder of tech startup Naked Insurance. The innovative startup uses artificial intelligence to create new insurance processes and experiences for its customers.

As one of the very few women in the insurance tech space, Greybe will offer attendees valuable insight into the tech startup scene, entrepreneurship and how she has risen to success in the insurtech space.

Date: 30 August 2021, 6pm
Location: Webinar

Fundamentals of sales management in business

Startup Grind South Africa will be hosting an online event led by guest speaker, Sipho Mvuyana.

Mvuyana is a KZN regional sales manager for EPOL and is the founder and Director of TheFeedshop.co.za and will offer valuable insight into breaking down and understanding the fundamentals of sales management in business.

Date: 31 August 2021, 6pm
Location: Webinar

Tech Skills Hack Training

Tech Skills Hack is hosting a free IBMZ Professional Development Workshop that will provide attendees with the opportunity to gains skills along with a qualification certificate in data science essentials, pitching and personal branding.

Date: 1 September 2021, 9pm
Location: Webinar

How to turn a Machine Learning Use Case into a Successful Startup

If you are wanting to launch your own startup in AI then this is a must-attend event. Hosted by CapeAI, the Deep Learning Indaba will provide a detailed step by step guide on how to create proofs of concept, funding models, selecting and growing a startup team, building your brand and more.

The virtual roadhouse show will feature several guest speakers such as Adit Mehta, Co-founder and CTO of Cape AI & Moonshop, Benjamin Sturgeon, Machine Learning Engineer at Moonshop and more.

It will be followed by a panel discussion by members of the Cape AI team to answer attendees questions.

Date: 3 September 2021, 2pm
Location: Webinar

Featured image: S O C I A L . C U T via Unsplash

Webinar

Source: https://ventureburn.com/2021/08/top-web-startup-events-in-south-africa-30-08-2021/

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Seedstars calls for startup entries to global Digital Democracy Challenge

Seedstars has called for entries into its global Digital Democracy Challenge, a hackathon that aims to find solutions to promote digital democracy.

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Seedstars has called for entries into its global Digital Democracy Challenge, a hackathon that aims to find solutions to promote digital democracy.

The challenge focuses on low-cost and viable solutions that can help citizens engage in democracy, the exchange of ideas, and which provide first-hand accounts of government activities.

Winners will receive prize money of $10k for first place, $8k for second place, and $6k for third.

The deadline for applications is 13 September, after which participants will be selected on 18 September.

The hackathon will take place between 29 September and 1 October, with winners announced on 1 October.

According to Seedstars, the theme of the challenge comes from the growing decline of democracy around the world.

The Swiss-based group regularly holds programmes and challenges around the world. It also has a fund dedicated to investing in African startups, which made its first investment in 2020.

This challenge, however, is not location-based — and is therefore open to applicants from around the world.

“The hackathon calls for socially committed citizens worldwide, problem solvers, creative minds, democracy experts, programmers, graphic and web designers to come together in a 72-hour collaborative digital process,” Seedstarts said in a statement.

“It will finish on a Demo Day where the participants will pitch in front of a jury. The top three solutions will be selected and the winners will receive prize money of $10K USD for first place, $8K USD for second place, and $6K USD for third.”

How to apply for the Seedstars Digital Democracy Challenge

Teams that want to apply for the challenge need to have at least three members. You must also already have an idea or minimum viable product for the hackathon.

Your solution will need to address certain key challenges outlined by the hackathon, which include:

  • Populations cannot rely on face-to-face or in-person meetings for civic participation.
  • Internet restrictions due to government shutdowns or throttling.
  • The suspension of major social media platforms by governments.
  • Media censorship.
  • Government disinformation and misinformation campaigns.
  • Digital surveillance of citizens by authorities, including the persecution of dissidents and critics.

In the application, you will be asked to provide your country, team name, and team members. You will also need to explain your solution, the stage of development, the target customer, and your startup’s business model.

To apply, you can visit the Seedstars Digital Democracy Challenge website.

Read more: Applications open for Gauteng Accelerator Programme Innovation Competition

Read more: SA startup Envisionit Deep AI wins $50k at Cisco global challenge

Featured image: Christina @ wocintechchat.com/Unsplash

The deadline for applications is 13 September, after which participants will be selected on 18 September.

Source: https://ventureburn.com/2021/08/seedstars-calls-for-startup-entries-to-global-digital-democracy-challenge/

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