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Applications have opened for the Johannesburg-based FinTech Accelerator run by Sw7 in partnership with AlphaCode, which will run over 12 weeks starting at the end of January 2016.

Fintech startups can apply now for the programme, with places to be awarded based on the quality of the application and the selection interview with team members. Applications close on January 5, with the programme beginning on January 27.

The programme will be based at the AlphaCode premises in Sandton with support from Microsoft BizSpark Plus, with Sw7 co-founder Odette Jones saying the partners have been running a closed recruitment round with the AlphaCode network for the last few weeks, receiving a number of strong applications.

“We are processing these and will be opening the application process to the broader market today.  If you have an emerging technology business that is focused on the fintech and related markets, we would love to hear from you,” she said.

Fellow co-founder Keith Jones said 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 said.

“The way the innovation market is exploding, the definition of the fintech sector is becoming very blurred – it could be an offering directly in the sector or it could be a service or offering that could be offered through the fintech channels and routes to market which are the most robust on the continent.”

He said the main qualifying criteria for the programme is the commitment of the team and the opportunity to create and support high scale businesses in the sector.  Ideally, businesses will be post production or post revenue.

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