RMB sets up support services for financial startups


RMB's new concept is based on Level 39 in London, a successful catalyst for emerging players.

JOHANNESBURG - Financial start-ups have been making their mark in the local market, boosted by app development and social media.

Now entrepreneurs have a tech hub to help them get further ahead.

Rand Merchant Bank has set up an incubator for financial services start-ups.

AlphaCode offers private office space, business support services and informal mentorship.

RMB doesn&39;t demand rent from companies housed at the hub.

The bank says its compensation is to see entrepreneurs generate successful client solutions.