Futuregrowth Asset Management (“Futuregrowth”) has invested in fintech startup LifeCheq, a company that offers innovative personal financial planning to professionals and entreprenuers. LifeCheq was established in 2015 by Abubakari Malik Addae and his colleagues, who have longstanding working exposure in the insurance sector. LifeCheq has operating relationships with Old Mutual, Liberty, Sanlam, Momentum, Sygnia, Discovery, Allan Gray, FMI, BrightRock, PPS and Prescient.

Futuregrowth was established in 1994 and now manages in the region of R194-billion (US$11.4-billion) of clients’ assets under management across a full range of fixed interest and development funds. Futuregrowth plays a leadership role in the asset management industry in South Africa. During this time, Futuregrowth has grown investors’ savings through skill and diligence, while being a force for good in the markets and the environment in which it operates. The amount invested by Futuregrowth or the stake acquired were not disclosed.