Ten fintech startups including Bento, Mapha, OysterPay, Melon, Varibill, AgriCool, Imfuyo Technologies, MatchKit, Chama Money, and DentX have been selected for the USD 665 K AlphaCode Incubate Programme.
The startups will take part in a 12-week pre-incubation programme valued at USD 33 K and will receive a grant funding of USD 10 K each. The pre-incubation phase is focused on educating participants on how to achieve a viable business model. At the end of this phase, the startups will compete in a six-month step-up programme.
The step-up phase which offers selected startups USD 33 K in grant funding is an intensive incubation programme focused on establishing a product-market fit and financial viability for the participants. According to AlphaCode, the value of the package offered in the programme is worth USD 665 K for each startup.