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  • How to take your business global

    Many South African businesses have ambitions far greater than the domestic market. This is particularly true of financial services as our system is the most advanced in Africa, with first world infrastructure that resembles that found in developed markets. Consequently, financial services solutions developed here are highly relevant to developed markets. Andile Maseko, head of strategy and ecosystem at AlphaCode says, "There are a number of strong examples of South African fintech companies that have become global successes. By focusing on the right aspects and learning from key players, you can turn global ambitions into reality." AlphaCode is the Rand Merchant Investment...

  • Sureswipe’s MD receives the 2018 National Entrepreneur Champion Award

    Sureswipe’s managing director, Paul Kent received the 2018 National Entrepreneur Champion award, which was announced by the National Small Business Chamber (NSBC), in association with World Famous Events on Friday 9 November. Kent commented, "We were honoured to walk away with two nominations this year -- one personal award for the National Entrepreneur Champion and a second for Sureswipe being nominated in the 'NSBC Top 20' Small business category. I was overwhelmed and excited to be nominated, but very thankful for such a prestigious acknowledgment from our industry," "I am proud to stand alongside the other seven champions who won awards...

  • Fintech business pays hosts in advance for Airbnb bookings

    Further disruption in South Africa’s accommodation and property letting sector is on the cards as AirAdvance, a fintech startup, provides those offering private accommodation through Airbnb easy access to affordable finance. It uses a confirmed Airbnb booking as collateral for a cash advance. Founder of AirAdvance, Jozette Chetwynd-Palmer (pictured above), says, "Using Airbnb to generate revenue is growing rapidly in South Africa as it joins the rest of the world in the sharing economy. In fact, last year, Airbnb stats show that South Africans hosted over 830 000 guests in their homes." Findings released during Airbnb’s Africa Travel Summit found that...

  • SA fintech Akiba Digital launches fun savings app for SA millennials

    Financial literacy remains a barrier for the youth. There is currently no platform that offers financial insights and proactively empowers or educates millennials about personal financial issues such as credit, lending, savings and investments. As a result, an increased number of millennials struggle to meet their financial goals as they are not equipped with adequate knowledge to make good financial decisions. Some of the reasons why millennials aren’t saving effectively include fragmented financial literacy, inconvenient channels to access financial products, complex financial product language, low affordability and accessibility to financial advisors and planners. Enter Akiba. Akiba is working towards becoming a data-driven...

  • AlphaCode awards R16m in support, funding to eight promising fintechs

    Last night (18 October), Rand Merchant Investment Holdings (RMI), through AlphaCode, awarded entrepreneurial packages valued at R16-million to eight of South Africa’s most promising financial services startups. The entrepreneurial packages consist of R1-million in grant funding and R1-million in support, which includes mentorship, monthly expert-led sessions, exclusive office space in Sandton, marketing, legal and other business support services as well as access to the broader RMI network. The AlphaCode Incubate initiative, in partnership with Merrill Lynch South Africa and Royal Bafokeng Holdings, identifies South African financial services entrepreneurs with extraordinary ideas and businesses that could impact the financial services industry. More than...

  • School payments app Karri expands offering to organisations needing to collect funds

    The Karri app, launched in April last year, has grown to just under 300 South African schools driven by parent and teacher demand for a solution to school payments. Due to the success of this collections platform, Karri has expanded its offering to include collections for just about any purpose or organisation that wants to collect from its members. Doug Hoernle (pictured above), the founder of Karri, explains,"Karri has provided a phenomenal solution to any school collecting funds for school outings, tours, civvies days and school fees. Instead of parents sending envelopes full of cash to their school, they can...

  • What the fintech revolution means for financial inclusion

    From Artificial Intelligence (AI) to blockchain, emerging technology is quickly changing both how we think about finance and how we access it. Fintech is rapidly innovating, and with a growing number of predictions about what it will mean for the future of business, company owners and entrepreneurs are taking note. The funding problem While 2017 saw a surge in the emergence of new fintech startups, 2018 has brought about a maturing in the market as these products roll out and become more widely adopted across industries. They have become particularly impactful for small-to-medium sized businesses and startups, where technology is helping...

  • Why more entrepreneurs are investing in understanding AI

    Whether you’re wary of the disruption that Artificial Intelligence (AI) brings or you’re embracing it, there’s no avoiding the impact it’s expected to have on businesses in the coming years. Not only has AI been proven to speed-up processes and streamline operations, but it also has great potential for customer experience, product development, sales, and business intelligence – improving the bottom line for companies both big and small. In fact, PwC estimates that by 2030, artificial intelligence alone could add a total of $15.7-trillion to global GDP. Below are just some of the ways AI could influence how we do business, now...

  • Explore Data Science Academy, Alphacode seeks aspiring SA fintech entrepreneurs

    Do you have an idea that could make you South Africa’s most successful fintech entrepreneur? Are you looking to acquire the skills to launch a data-driven fintech business? Then Explore 10X is looking for you. The Explore Data Science Academy (Edsa) and Rand Merchant Investments (RMI) fintech division, AlphaCode, have announced a 12-month data science and business skills programme for 20 aspirant South African future fintech entrepreneurs. Successful candidates will go through an intensive six-month data science-training programme, where they will learn how to design a 10X business along with the core digital skills needed to build a fintech organisation. This...

  • How blockchain is enabling entrepreneurship

    Perhaps one of the most exciting technologies influencing the world of business today is blockchain. Thanks to its growing applications, more entrepreneurs than ever are exploring this new technology as a solution for everything from raising funds to creating contracts. According to a disruptive tech survey conducted earlier this year by GetSmarter, a brand of 2U, Inc., four in five business leaders believe that emerging technology will continue to disrupt their industry to a high degree in the coming years. And with all the ways that blockchain is already impacting business, and startups in particular, it’s not surprising why. Here are...

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