Entrepreneurs in the financial tech sector can now apply to become a member at one of South Africa’s newest top business hubs, free of charge.

The Alphacode hub, located in Sandton, offers office space, access to an active online community, regular networking opportunities and the platform for members to work alongside experienced entrepreneurs, investors and industry experts.

The hub is managed by Rand Merchant Insurance Holdings (RMI) and Rand Merchant Bank Holdings (RMBH) and is modelled on London’s Level 39 hub concept.

“African fintech businesses have provided some of the most exciting developments in global financial services in recent history, and we will help to grow promising, impactful businesses,” Head of ecosystem development and management at AlphaCode, Chipo Mushwana said in a statement.

Alphacode
Alphacode

Alphacode offers the following four different membership options to accommodate entrepreneurs at various stages and types of business:

  • Green membership is offered to all aspiring entrepreneurs and service providers. The benefits include a monthly newsletter and access to open networking events. It is open to everyone and approval is immediate.
  • Gold membership is available to full-time founders and co-founders of financial services businesses only. Members have access to the Sandton based AlphaCode co-working offices, facilitated networking and VIP events, informal mentorship and exposure to the RMI investment team and portfolio companies.
  • Platinum membership is offered to high-potential, broad-based black economic empowerment entrepreneurial businesses with five or fewer team members. AlphaCode offers free private office space at AlphaCode, business support services, informal mentorship and access to networking events including exclusive pitches for enterprise funding.
  • Diamond membership is offered to businesses which are poised for high growth and investment from RMIH. These businesses are offered access to workspace and exclusive networking events as well as dedicated mentorship from senior executives within the RMI group.

Gold, platinum and diamond memberships are subject to AlphaCode team approval.

You can apply to join Alphacode on the hub’s website or by emailing [email protected]