Secure strategic partnerships that enable a sustained level of innovation and value creation for the business through greater distribution across multiple ecosystems and access to diverse customer bases. The industries we look to partner in include:
Financial Services: Partner with digital and traditional banks to offer Next176 products to their customer base through utilising digital channels
TELECOMMUNICATIONS: Partner with large telecommunications companies to embed Next176 solutions in the customers mobile plans, providing insurance products such as device protection and other financial services needs.
Automotive & Technology: Partner with manufacturers, automobile and tech companies to bundle financial products with their product or service sales, providing coverage from the point-of-purchase and through the customer journey.
Retail: Partner with retailers to add value for customers and better serve and reach the rising middle-class.
Create a diverse innovation pipeline through building new businesses that meet existing and future consumer needs.
Current ventures include:
educationOystar: A platform business working within the Early Childhood Development (ECD) sector to deliver quality education across Africa. Through technology, we provide access to curriculum, streamline ECD administration, connect communities, optimise strategic partnerships and offer purpose-built financial services to a previously underserved market.
jobsCraft: A platform for freelancers and entrepreneurs to manage everything from business administration to making sure that freelancers have access to the financial services that really meet their needs.
environmental sustainabilityTweak Carbon: A platform that enables people to track their environmental and social positive activities, make improvements and be recognised for doing good.
enabling capabilitiesOld Mutual Wills: More than half the world’s population does not have a valid Will and Testament and that number is thought to be closer to 80% for Africa and 70% for South Africa. Our vision is to provide a free online will to 1 million South Africans within the next three years.
enabling capabilities 22seven: An insights business offering customers the ability to better manage their finances, that of their clients or to grow their understanding of consumer trends. Clients span asset management, management consulting and grocery retail industries.
Invest in high-growth and/or disruptive companies that:
(a) Impact across the end-to-end value chains to allow participation in, or control of, each of the ecosystems we have identified, and/or
(B) strengthen Next176 capabilities to grow the portfolio, impact and customer base.
Existing investments include:
enabling capabilities wizzit: A fintech products and mobile payment solutions company.
Enabling capabilitiescovergo: A “no code” insurtech platform to build and launch products at record speed, streamline policy administration and claims.