EDSA in partnership with AlphaCode, have announced a 12-month programme for 20 aspiring South African fintech entrepreneurs. Photo: Facebook

DURBAN – The Explore Data Science Academy (EDSA) in partnership with AlphaCode, have announced a 12-month data science and business skills programme for 20 aspiring South African future fintech entrepreneurs.

The candidates that are selected for the programmes will go through an intensive six-month data science-training programme, where they will learn how to design a 10X business along with the important digital skills that they will need to build a fintech organisation.  

After the data science programme, the candidates will move onto doing three-months of business skills training, learning how to execute a 10X business strategy and to build a fintech startup.

Alpha Code is a fintech division of Rand Merchant Investments (RMI) and the course will be sponsored by RMI. The course is offered to the candidates at no cost. Included in the sponsorship is a stipend, for major living expenses during the year.

Dominique Collett, Head of AlphaCode and Senior Investment Executive at RMI said, "The EXPLORE 10X programme, developed by the EDSA team, provides AlphaCode access to young, bright, future fintech entrepreneurs with great ideas, which AlphaCode can then help grow their businesses and the economy at the same time".  

Aspire fintech entrepreneurs that are interested in the programme will need to submit their CV and a 750-word essay that motivates their ideas and why the world would be a better place with their business in it. Twenty of the best entries will be selected. Entries close on 30 October 2018.

“Ideal candidates for EXPLORE 10X would be young (in spirit) graduates with tech smarts, bright ideas for fintech innovation and disruption, a passion for data analytics, a desire to acquire new skills as well as the ambition and drive to build and grow a business that could impact South Africa’s fintech industry,” said Shaun Dippnall, co-founder of the Explore Data Science Academy. 

Collett also spoke about why they collaborated with EDSA for the programme. He said, "Data science skills are essential to innovation in the insurance and banking sector. We see increasing opportunities for data science driven fintech solutions to lower barriers to entry, which broadens access to financial services and as a result drives the economy."

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