AlphaCode is a club for next generation financial services entrepreneurs, which is supported by a physical workspace and virtual platform.
AlphaCode seeks to create a next generation financial services eco-system by bringing together entrepreneurs, intrapreneurs, industry experts and thought leaders to connect, share knowledge, and reshape the industry.
It is powered by Rand Merchant Insurance Holdings (RMI) and Rand Merchant Bank Holdings (RMBH), strategic managers of a US$46bn financial services portfolio which includes FirstRand, Discovery, OUTsurance, MMI Holdings, RMB Structured Insurance, RMI Investment Managers and Merchant Capital.
RMIH has recognised that the core business of its underlying portfolio companies is being threatened by new, disruptive ventures and as a result, AlphaCode was established to identify key investments that will change
the landscape of the industry, and spur the development of other businesses, within the financial services sector.
AlphaCode’s purpose is to drive the development of scalable “disruptive” financial services businesses which deliver superior, sustainable financial returns and build an investment pipeline for RMI.