Four South African Startups Secure Funding From AlphaCode Incubate Program

Four South African startups have secured an additional ZAR 500 K (USD 35 K) each in funding as well as further support after moving into the second phase of the AlphaCode Incubate program’s demo day.

The four fintech startups are among the ten South African startups selected earlier this year for the three-month AlphaCode Incubate program, which provides funding, guidance, co-working space, and opportunities to apply for further early-stage investment.

The four startups selected to advance in the program include AgriCool, an e-marketplace that connects smallholder farmers and consumers to a fair and reliable market; Bento, an out-of-the-box employee rewards and benefits network; Imfuyo Technologies, a smart farming solution that offers livestock farmers greater control of their operations at affordable prices; and MatchKit, a platform that helps athletes better commercialize their careers.