AlphaCode injects US$1.5m into three fintech start-ups

SOUTH AFRICA – AlphaCode, Rand Merchant Investment Holdings incubation, acceleration and investment vehicle has awarded US$1.54 million supplier development loans to three fintech start-ups. According to IOL Business Report, the three start-ups are Zande Africa, Bright On Capital and Livestock Wealth. Head of AlphaCode, Dominique Collett, said, “Businesses like these don’t always get the funding they require to grow from commercial funders but as part of our commitment to partner and grow financial services start-ups, we’ve leveraged our supplier development spending to support them”. These three black-owned businesses were reviewed…

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