Sw7, AlphaCode open applications for fintech accelerator

Applications have opened for the Sw7 and AlphaCode fintech accelerator. The partnership looks to create the first Fintech Accelerator in Africa.

According to a press release sent to Ventureburn, the programme will take place at the AlphaCode premises in Sandton, Johannesburg. It will start on 27 January and continue over the course of 12 weeks. Microsoft’s BizSpark Plus will be lending its support to the programme as well.

Sw7 co-founder Odette Jones says the company has been running a closed recruitment round for a few weeks and have accumulated a number of strong applicants.

“We are processing these and will be opening the application process to the broader market today,” she adds.

Keith Jones, Sw7 co-founder adds: “The Fintech market in Africa is world class and Johannesburg is at the heart of it. Furthermore, the partnership with AlphaCode offers connections and access to market through the whole range of Fintech and related industries.” He also states that the definition of the fintech sector is becoming blurred with offerings directly in the sector or through fintech channels and routes.

Read more: Sw7, AlphaCode debut fintech accelerator for high-growth businesses

Positions in the accelerator will be awarded based on the quality of the application and a selection interview with team members.

“The main qualifying criteria is the commitment of the team and the opportunity to create and support high scale businesses in the sector. Ideally, the businesses will be post production or post revenue,” adds Keith Jones.

Image: Sean MacEntee via Flickr