AlphaCode

AlphaCode is a Johannesburg-based venture capital firm established in 2015, focused on the next generation of financial services entrepreneurs. The firm aims to create a world-class ecosystem that connects entrepreneurs, intrapreneurs, industry experts, and partner organizations to foster collaboration and innovation. AlphaCode invests primarily in sectors such as education, financial services, healthcare, information technology, and agriculture technology within the African region. Additionally, the firm is committed to impact investing, emphasizing the importance of transformative solutions in the financial services industry. Through knowledge sharing and insight development, AlphaCode seeks to drive meaningful change and contribute to the growth of the financial services landscape.

35 past transactions

Planet42

Venture Round in 2024
Planet42 is a company focused on improving access to personal vehicles for individuals overlooked by traditional banks. By utilizing technology to assess risk, Planet42 purchases second-hand cars from a network of motor dealers and offers them to customers through a subscription service. This model allows customers to rent vehicles without needing to meet in person or view the car beforehand. The company analyzes essential validation documents, including identity proofs, payslips, and bank statements, to ensure a smooth transaction process. Through its rent-to-buy automotive services, Planet42 provides an affordable path to vehicle ownership, promoting financial inclusion and mobility for a broader audience.

Naked Insurance

Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in providing short-term retail insurance products. The company aims to deliver a modern insurance experience characterized by transparency and simplicity, catering to the evolving needs of consumers in the insurance market.

SweepSouth

Series B in 2022
SweepSouth is an online home services platform that connects homeowners with trusted service professionals, offering a variety of services including home cleaning, gardening, pool cleaning, and maintenance. The company aims to modernize the home services industry in Africa by leveraging technology to simplify the booking process. Users can conveniently schedule services through the platform via their phone, tablet, or computer, finding suitable pre-vetted professionals in minutes. With a network of over seven thousand service providers and thousands of satisfied customers across four countries, SweepSouth is positioned to expand further within a largely untapped market. The company is dedicated to creating happy homes while providing dignified, flexible work opportunities with decent pay for its service providers.

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 health technology company focused on delivering at-home health services. It operates a platform designed to improve healthcare delivery for corporate clients and health insurers. The company provides an application that allows employers to book a range of services, including remote counseling, financial wellness assessments, virtual consultations, and on-demand nursing services. Additionally, Welo Health offers real-time health monitoring dashboards for employees, enabling insurers and corporations to enhance efficiency, improve compliance, and facilitate accessible and affordable medical care.

Sizanani

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

BriefCo

Grant in 2022
BriefCo is South Africa's first legal cost consultancy that leverages technology to enhance its services. The company utilizes a secure online platform for the digital delivery and storage of legal documents, significantly reducing the costs associated with traditional methods such as printing and physical delivery. By incorporating artificial intelligence and machine learning, BriefCo automates the preparation and opposition of bills of costs, streamlining the legal cost consulting process. This innovative approach not only lowers expenses but also improves efficiency for clients seeking legal cost consultancy services.

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.

LifeCheq

Series A in 2022
LifeCheq is a startup that provides digitized and holistic personal finance solutions. The company operates as a financial advisory firm aimed at enhancing financial decision-making for its clients. It offers personalized financial advice and a range of services, including access to personal advisors and comprehensive financial planning support. By combining technology with expert guidance, LifeCheq enables individuals, professionals, and entrepreneurs to effectively plan and manage their financial resources.

Nile.ag

Seed Round in 2022
Nile.ag operates a food trading e-commerce platform that facilitates the exchange of fresh produce among farmers across various African countries. By connecting buyers and sellers, Nile.ag aims to enhance the accessibility of nutritious food while addressing challenges in the food trading process. The platform offers solutions for price discovery, quality verification, payments, and traceability, ensuring that clients can trade safely and efficiently. Through its digital offerings, Nile.ag seeks to streamline food trading and improve the overall transparency of transactions, benefiting both producers and consumers.

Carscan

Venture Round in 2022
cARscan is a South Africa-based company that specializes in developing an augmented reality mobile application aimed at tracking the visual condition of vehicles throughout their life cycle. The app utilizes embedded visual recognition AI to create a traceable digital record of each car, facilitating a more transparent automotive ecosystem. cARscan's technology enables users to document the condition of their vehicles and receive real-time quotes and validation from industry experts. This innovative approach not only enhances the buying, selling, renting, servicing, insuring, financing, and auctioning of cars but also helps to mitigate fraud and reduce risks within the automotive industry.

Ctrl

Series B in 2021
Ctrl is a South Africa’s first independent car and household insurance advice app. But let’s backtrack a bit. Before we became Ctrl, we were just a few friends who noticed the frustrations people had with their insurance and the uncertainty about what they were covered for and what not. We thought, surely there must be a better, simpler way. There must be a way to have more say and be less dependent on call centre agents, or brokers who expect you to fill out endless forms. That’s when we formed Ctrl and started building an app that would give consumers more control – an app that would create a convenient short-cut to getting decent short-term insurance and solid advice to go with it.

DX Digital Africa

Non Equity Assistance in 2021
DX Digital Africa, established in 2018 and headquartered in Johannesburg, specializes in automotive intelligence and repair services. The company operates an online platform and mobile application that allows users to upload damage pictures, receive competitive quotes, and access free tow services and live progress updates for vehicle body parts. DX Digital Africa's platform is designed to optimize repair processes and reduce maintenance costs throughout a vehicle's lifecycle, from production to disposal, serving individuals, small businesses, and large fleets.

Aerobotics

Series B in 2020
Aerobotics is a data analytics company that specializes in providing insights into tree and fruit health through the use of drone imagery and artificial intelligence. The company has developed aerial imagery technology that combines satellite and drone data with machine learning algorithms. This technology assists farmers in various aspects of orchard management, including the identification of problematic trees, pest and disease management, and yield optimization. By enabling farmers to efficiently scan their fields and analyze the information captured, Aerobotics helps reduce costs and enhance agricultural productivity.

Oyi Medical Card

Grant in 2020
Oyi is a prepaid card solution to help those who would otherwise not be able to access the medical care that they should be able to afford.

Valenture Institute

Venture Round in 2020
Valenture Institute is a private online high school founded in 2019 and based in London, United Kingdom. It offers a globally recognized curriculum designed to meet the standards of leading universities. The institute provides live, interactive classes supported by mentors, creating an engaging learning environment. In addition to its online offerings, Valenture Institute features boutique campuses that blend virtual learning with in-person experiences, allowing students to develop essential skills and confidence for their future careers.

Guidepost

Venture Round in 2020
Guidepost is a health coaching platform focused on assisting patients in managing diabetes. By connecting individuals with experienced coaches, the platform provides personalized guidance on medication, diet, and coping with the psychological challenges associated with the illness. Coaches utilize voice-over-internet-protocol phones and biometric data input by users to deliver tailored support, which helps reduce the costs and risks linked to diabetes management. The company aims to combat social isolation, which is often associated with diabetes, by fostering connections between those in need of assistance and caregivers who can offer help, regardless of geographical or linguistic barriers.

Guidepost

Venture Round in 2019
Guidepost is a health coaching platform focused on assisting patients in managing diabetes. By connecting individuals with experienced coaches, the platform provides personalized guidance on medication, diet, and coping with the psychological challenges associated with the illness. Coaches utilize voice-over-internet-protocol phones and biometric data input by users to deliver tailored support, which helps reduce the costs and risks linked to diabetes management. The company aims to combat social isolation, which is often associated with diabetes, by fostering connections between those in need of assistance and caregivers who can offer help, regardless of geographical or linguistic barriers.

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.

Bright On Capital

Debt Financing in 2019
Bright On Capital is a peer-to-peer online lending platform designed to assist small and medium-sized enterprises (SMEs) in obtaining working capital funding. By connecting SMEs with a diverse range of traditional and non-traditional lenders, including development funding institutions and corporate enterprise development funds, Bright On facilitates a streamlined process for raising necessary funds. The platform also collaborates with large South African corporates and government entities to enable their SME suppliers to access affordable financing based on invoices payable by these larger organizations. Bright On Capital offers its users easy online access to funding, rapid screening and credit decision-making, and swift disbursement of funds, empowering businesses to pursue growth opportunities and manage larger orders effectively.

Livestock Wealth

Debt Financing in 2019
Livestock Wealth is a crowdfarming company that facilitates investment in livestock, enabling individuals to earn returns from the sale of cattle offspring. With its innovative platform, the company simplifies the investment process by allowing users to share the resources of a commercial livestock farm, while experts manage the daily care of the animals. This model not only promotes individual ownership of cows but also offers profit-sharing opportunities, including quarterly financial reports and annual profit projections. By transforming the traditional wealth associated with cattle into an accessible investment opportunity, Livestock Wealth empowers users to participate in organic beef farming and benefit from the livestock industry's inherent value.

Zande Africa

Debt Financing in 2019
Zande operates a trade finance platform designed to assist small businesses by providing access to inventory and purchase order financing. Its platform connects users to a business network and offers credit solutions for contracts and purchase orders, as well as discounts on invoices for early settlement from debtors. This enables businesses to effectively manage their orders, sales, products, and inventory, ultimately helping them achieve optimal operational performance. Zande does not control external websites linked through its platform and disclaims responsibility for their content or accessibility.

Level Finance

Grant in 2019
Level Finance is a customizable employee benefits platform focused on enhancing financial wellness for employees. It allows businesses to meet their human resources objectives while empowering employees to select benefits tailored to their individual needs. The platform offers tools that provide employees with real-time access to their wages, enabling them to manage their finances more effectively. By facilitating immediate access to earnings, Level Finance supports employees in building wealth through savings and automated budgeting, ultimately promoting a healthier financial lifestyle.

Oyi Medical Card

Grant in 2019
Oyi is a prepaid card solution to help those who would otherwise not be able to access the medical care that they should be able to afford.

Spoon Money

Grant in 2019
Spoon Money is an online stokvel management platform designed to enhance transparency, security, and accountability in traditional stokvel practices. It focuses on community needs by developing products that address specific customer requirements. The platform provides users with secure access to loans, as well as savings and credit solutions aimed at fostering sustainable livelihoods and financial resilience. Additionally, Spoon Money captures quality data to support a proprietary credit scoring methodology, which helps users boost earnings and encourages positive saving behaviors.

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.

IsiDuli

Grant in 2019
IsiDuli is a financial services provider focused on enhancing the housing market in townships by offering credit products specifically designed for the development of backyard rental units. Recognizing the limited access to development finance for property owners in these areas and the scarcity of affordable rental options for consumers, IsiDuli aims to empower homeowners—particularly those who are unemployed, retired, or low-income earners. The company facilitates the entire process of backyard development, from financing and construction to property management, thereby creating new income opportunities for property owners while addressing the housing needs within township communities.

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.

okGo.live

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

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.

Luno

Series B in 2017
Luno is a prominent cryptocurrency marketplace that facilitates buying and selling transactions for various cryptocurrencies, including Bitcoin and Ethereum. With its headquarters in London, the company operates in over 40 countries, including Indonesia, where it is officially registered as the largest exchange. Luno serves a global customer base of more than 2 million individuals and employs over 250 staff members. The platform offers features such as a digital wallet for secure storage and transactions, currency conversion, and tools for trading analysis. In addition to its trading services, Luno aims to educate users about cryptocurrencies, helping them make informed investment decisions and promoting a more accessible financial system.

Entersekt

Series C in 2017
Entersekt Pty Ltd. is an international software development company headquartered in Stellenbosch, South Africa, with additional offices in Utrecht, Netherlands, and other locations in North America and Europe. Established in 2008, the company specializes in mobile-first fintech solutions, offering online push-based authentication and application security services tailored for banks and enterprises. Its product portfolio includes transakt, interakt, and connekt, which facilitate secure online and mobile banking, as well as card-not-present authentication. Entersekt's patented mobile identity system is designed to enhance security while delivering convenient digital experiences across various service channels, making it a reliable partner for financial service providers and other enterprises.

Prodigy Finance

Series C in 2017
Prodigy Finance Limited operates an online platform that facilitates education loans for international postgraduate and MBA students, enabling them to finance their degrees through a community of lenders. Founded in 2006 and based in London, the platform connects student borrowers with alumni, institutional investors, and qualified private investors, as well as banks. Prodigy Finance specifically targets master's degree students in 18 countries, aiming to make higher education more accessible to individuals who may lack traditional financing options. Additionally, the company offers a mobile app that allows users to manage and access their loan information conveniently.

Stokfella

Seed Round in 2017
StokFella is a financial technology company focused on modernizing the traditional stokvel system in South Africa. Established in 2016 after extensive research and self-funding, StokFella aims to alleviate the administrative burdens associated with stokvels, allowing members to manage their funds more efficiently. The company's platform enables users to track contributions, manage payouts, create budgets, and generate financial reports, thereby empowering ordinary citizens to make informed financial decisions. By enhancing the organization and management of stokvel groups, StokFella seeks to facilitate wealth growth for its users and contribute to the broader economic participation of everyday South Africans, ultimately aiming to lead them towards financial freedom and a more prosperous future for their communities.

Investment Managers Group

Seed Round in 2017
Investment Managers Group is a company that supports boutique investment managers by providing seed capital and operational infrastructure. It specializes in asset management, retail investments, and alternative investments, helping its clients enhance their investment performance.
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