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.

31 past transactions

Abela

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

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 and only legal cost consultancy leveraging technology. We utilize our own secure online platform to allow for the digital delivery and storage of all documents, thereby reducing the significant costs associated with printing, delivery, and file preparation. ​

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.

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

Seed Round in 2022
Nile.ag provides a platform for farmers to trade fresh produce with multiple producers across a number of African countries. Its digital solutions address inherent issues relating to food trading, quality verification, payments and traceability.

Carscan

Venture Round in 2022
cARscan is a Johannesburg-based company that specializes in developing augmented reality mobile applications to monitor the visible condition of motor vehicles throughout their life cycle. The primary offering, cARscan, utilizes visual recognition AI to create a traceable digital record of each car, allowing users to document its condition accurately. In addition, the company offers cARtag, a mobile app that provides real-time quotes and validation of car conditions from industry experts. These applications are designed to enhance the automotive ecosystem by facilitating various transactions—such as buying, selling, renting, servicing, insuring, financing, and auctioning vehicles—while reducing the risks of fraud and uncertainty in the 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
DentX is a data driven source of competitive vehicle body damage repair pricing.

Aerobotics

Series B in 2020
Aerobotics (Pty.) Ltd., founded in 2014 and located in Cape Town, South Africa, specializes in developing autonomous unmanned aerial vehicles (UAVs) and data processing solutions for various industries, including agriculture, surveying, gaming, and security. The company utilizes aerial imagery and machine learning algorithms to provide precision agriculture solutions, enabling farmers to optimize crop management through detailed analysis and insights. Aerobotics combines its drone technology with a flight planning application to enhance data collection and processing, thereby supporting clients in making informed decisions based on accurate and timely information.

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.

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

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.

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.

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.

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.

IsiDuli

Grant in 2019
Credit product for the development of backyard rental stock in townships. There is a lack of access to development finance for property owners in townships and very little affordable rental stock for consumers.

Spoon Money

Grant in 2019
Spoon Money is a online stokvel management system which improves transparency, security, and accountability within the traditional practice of stokvels. Built with the community for the community, meaning we actively build products based around the solutions our customers require.

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.

okGo.live

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

Level Finance

Grant in 2019
GetVanced is a Income advancing platform based on employee’s earned income. Millions of low-income workers live from one pay day to the next and are financially stressed. The most pressing everyday issue for South Africans is managing cash flow and the biggest issue is timing mismatches between income and expenses because they lack a savings buffer.

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.

Luno

Series B in 2017
Luno is a prominent global cryptocurrency company headquartered in London, serving over 2 million customers across 40 countries, including regions like Africa and South East Asia. The company offers a user-friendly platform for buying, selling, and storing various cryptocurrencies, including Bitcoin and Ethereum. Luno is officially registered in Indonesia, where it operates as the largest cryptocurrency exchange in the country. Its services include currency conversion, digital wallets, and trading analysis tools, aimed at simplifying cryptocurrency transactions for its users. Luno's mission is to enhance the financial system worldwide by making cryptocurrencies accessible and secure.

Entersekt

Series C in 2017
Entersekt Pty Ltd. is an international software development company headquartered near Cape Town, South Africa, with additional offices in Utrecht, Netherlands. Established in 2008, Entersekt specializes in online push-based authentication and application security solutions tailored for banks and enterprises. Its product offerings include transakt, interakt, and connekt, which facilitate secure online and mobile banking, as well as authentication for mobile applications and card-not-present transactions. The company is recognized for its patented mobile identity system, which enables financial services providers and enterprises to enhance security while delivering convenient digital experiences to customers across various service channels. Entersekt serves a diverse clientele across North America, Europe, and Africa.

Prodigy Finance

Series C in 2017
Prodigy Finance Limited operates an online platform that facilitates education loans for international postgraduate and MBA students, enabling access to higher education that may otherwise be financially unattainable. Founded in 2006 and headquartered in London, the platform connects student borrowers with a community of lenders, which includes alumni, institutional investors, qualified private investors, and banks. These lenders collectively fund the loans, offering financial and social returns on their investments. The company utilizes localized lending templates and historical earnings data to assess cross-border risk, allowing it to serve students from over 150 nationalities. Through this innovative approach, Prodigy Finance aims to bridge the funding gap for aspiring international students.

Stokfella

Seed Round in 2017
StokFella is a company that is looking to revolutionise a 19th-century practice into a modern and tech-savvy sector. Our Dream is to provide every ordinary hard working citizen; an opportunity to pursue financial freedom through their Stokvel. StokFella was born from a question of, is there be a better way to manage stokvel administration burdens? The purpose of StokFella is to put the power of informed financial management and financial decision-making in the hands of all Stokvels while allowing everyday South Africans to participate in the economy of the country. Having launched in early 2016 but researched and self-funded for more than 2 years prior; StokFella launched solution allows stokvels to organise, manage, communicate, visualise and be more efficient in growing their wealth. By having stokvel groups and their members run in an orderly and a professional manner and succeeding in their objectives, StokFella believes that stokvels will be able to move towards a richer future benefiting the members and their wider communities.
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