Two Fintech Programme Initiatives in Africa: Egypt and South Africa
Fintech Middle East & Africa

Two Fintech Programme Initiatives in Africa: Egypt and South Africa

Egypt and South Africa are hosts to two live programmes that will appeal to companies in the fintech space.

Fintech Academy – Egypt

The FinTech Academy is a 4-months online program
The FinTech Academy is a 4-months online programme

Fintech Academy is a comprehensive program on financial technologies designed for those who want to make a difference, brought by London-based Knowledge Officer and German-based GIZ.

Learners will understand emerging technologies disrupting finance and how they can use them to build their own FinTech startups. Aspiring entrepreneurs will also build innovative, customer-centric Fintech solutions to accelerate Fintech transformation in Egypt.

The FinTech Academy is a 4-months online program that will aim to cover Fintech Fundamentals: Banking and Future of Payments, Applying Technology in Fintech, Infrastructure & Regulation, Digital Identity & Privacy and Blockchain & Cryptocurrencies. In addition to that, participants will cover 4 main Entrepreneurship components/modules: Startups Fundamentals, Product Discovery, Business Fundamentals and Investment Cycle.

Partners include: Fintech Galaxy, CUBIT Ventures, global.ventures, Mint by EG Bank, nowpay, Swiss School of Management, Ahli Fintech, Hambro Perks, The Egyptian FinTech Association, Magnitt, LevelsVentures, EGFEV Fintech, and EYouth Egypt.

The application deadline is October 19th and the programme start date is the 15th of November. Further information can be found on their website.

AlphaCode Incubate programme – South Africa

Alphacode is a leading South African fintech startup initiative
Alphacode is a leading South African fintech startup initiative

Launched by Rand Merchant Investments in 2015, AlphaCode identifies, partners & grows next generation financial services entrepreneurs through incubation, acceleration, collaboration and investment.

They have opened applications for the next AlphaCode Incubate programme which aims to identify, partner and grow innovative financial services entrepreneurs in South Africa. Successful applicants will receive funding, guidance from performance coaches and a panel of advisory experts, access to AlphaCode’s co-working space and opportunities to apply for further early-stage investment.

The Incubate programme has disbursed R30 million ($1.82 million USD) in funding to 31 black-owned financial services businesses over the past five years. According to Alphacode it is viewed as South Africa’s most prestigious fintech startup initiative.

Andile Maseko, head of ecosystem development at AlphaCode, says, “At AlphaCode Incubate we know how much determination is required to get an early-stage business or idea off the ground. Entrepreneurs have to overcome many challenges when they first start and it is crucial to know how to navigate these challenges for success. Our mission is to help disruptive, early-stage businesses with pioneering ideas to make a meaningful impact in the financial services industry as we seek the next OUTsurance or Discovery.”

Applications are open until Monday, 26 October 2020, and this year, there will be three phases to the process. More information on their programme can be found on their website.

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