
Futuregrowth Asset Management
3rd Floor, Great Westerfordian, 240 Main Road, Rondebosch, Cape Town, Western Cape, 7700, South Africa
Overview
Futuregrowth is dedicated to the development and empowerment of South Africa and its people, with many of our investment offerings geared towards making a meaningful difference to our world. Futuregrowth is a member of the Old Mutual Investment Group and a licensed Financial Services Provider.
- Total investments
- 8
- Lead investments
- 3
- Investments · 12mo
- 1
- Active investors
- 0
Investment portfolio
- Happy Pay
Participated · Seed · Mar 2026
Happy Pay operates an ad-supported, merchant-funded BNPL platform that lets consumers split purchases into interest-free instalments while merchants pay when transactions occur. The company integrates advertising, payments, and financing via a closed-loop AI engine that targets offers based on behavioural signals, transaction data, and affordability insights. Happy Pay has crossed 600,000 registered users and is preparing to scale to millions, investing in risk and fraud infrastructure to support that growth. It positions itself as a commerce layer beyond simple checkout integrations, enabling merchants to drive measurable sales through outcome-based ad spend. The startup was founded in 2021 by Wesley Billett, Patrick Postrehovsky, and Mark Geary. Its stated plans include deepening merchant partnerships and expanding distribution across online and physical retail channels while further developing its AI capabilities.
- GoMetro
Participated · Series A · Nov 2023
GoMetro builds Bridge, an OEM-agnostic telemetry and data-aggregation platform that consolidates vehicle data from different makes and models into a unified API service. The company offers pay-per-use telemetry, monthly subscription products (including a connected tire kit, smart camera system, and data hub), and ETA and operations-monitoring features to identify bottlenecks. GoMetro serves a network of over 15,000 vehicles, including about 1,000 electric vehicles, and partners with 60 trucking and logistics companies. Over the past 12 months the company says revenue has doubled and it aims to triple revenue by the end of next year; it plans to integrate more than 2,000 electric vehicles and 50,000 diesel vehicles in the coming year. GoMetro is working with vehicle OEMs, expanding engineering and distribution teams, and focusing on electric bus and truck management as fleets electrify. The company is expanding operations in the U.K., Europe, South Africa and targeting the U.S., Latin America, Australia, and the Middle East in the next 12 months. GoMetro offers a mobility management platform that digitises entire fleets and integrates telematics, IoT and big data to optimise routes, predict arrivals and provide real-time supply-chain insights. The company says its platform can help operators save up to 30% in operating costs by increasing vehicle utilisation, controlling excess mileage and reducing back-office costs. Customers have reportedly increased the certainty and accuracy of delivery windows by 50%. GoMetro plans to use new funding for key hires and continued investment in platform, product engineering and development. The start-up sees additional opportunities in fleet management and is positioning its solution to compete in global markets. Management is targeting accelerated expansion in South Africa and entry into the UK and US markets. GoMetro operates a big-data platform and is launching flx, a door-to-door ride-sharing service that can integrate cabs, minibuses, buses and trains. The company says flx competes kilometre-for-kilometre with minibus taxis on price while offering shared, door-to-door trips. Internal testing has run with about 15 staff members, and GoMetro plans a 100-person corporate trial beginning in February. The startup cites studies (the Lisbon study) to argue its model could cut congestion and emissions substantially. GoMetro was accepted into the Telefónica Startup Accelerator and is targeting a launch in Milton Keynes, UK toward the end of next year. The company is also looking to raise €5 million from European investors to support expansion. Investors already include Tritech Media, AngelHub Ventures and 4Decades Capital; Derek Prout-Jones serves as chairman.
- Pineapple
Led · Series B · Nov 2023
Founded in 2017 by Matthew Elan Smith, Ndabenhle Junior Ngulube and Marnus van Heerden, Pineapple offers a peer-to-peer insurance platform that allows customers to cover everything from cellphones to bicycles with a simple picture taken in its app. The service is underwritten by Compass Insure and has attracted more than 13,000 members since launching publicly in July 2018, converting many of these into active home-contents policies. The company currently employs 12 people and expects to add roughly three more hires in the coming months. Management plans to use new capital to finalise and launch a motor-insurance product within the next six months. Pineapple is also in late-stage talks with a potential U.S. partner as it explores expansion beyond South Africa, an effort supported by one co-founder’s recent residency in the Hartford InsurTech Hub. The firm’s technology-first model and community pricing aim to reduce fraud and lower premiums for users, positioning it as a modern alternative to traditional insurers.
- Tripplo
Led · Seed · Oct 2023
Tripplo provides a logistics software platform that automates and optimizes operations for transporters, cargo owners, and cargo brokers. The product negotiates rates with contractors, optimizes routes, enables real-time tracking, and manages documents. It also facilitates working capital for trucks and supports data-driven decision making. The platform is focused on streamlining road-freight supply chains across the SADC region. Tripplo is based in Johannesburg, South Africa. Financially, the company completed a $1.8M equity seed funding extension in October 2023.
- Flow
Led · Series A · Jan 2023
Flow provides an API-driven proptech marketing platform that connects to estate agency and developer websites to automatically create and run ads on social channels like Facebook and Instagram. The platform targets real estate agencies, developers and portals, offering a SaaS product and taking a percentage cut of marketing spend as its revenue model. Flow has over 300 clients and is used by nearly 6,000 agents across South Africa, Namibia, Botswana, Mauritius and Australia. Revenue has been growing roughly 20% month-on-month over the past year. The company plans to add other social platforms such as TikTok and LinkedIn and expand into other channels like digital out-of-home billboards, while pursuing integrations with international property portals and CRM platforms. Flow was founded in 2018 by co-CEOs Gil Sperling and Daniel Levy, who previously built and sold adtech firm Popimedia to Publicis and originally launched Flow as a tenant rewards app before pivoting to real-estate advertising.
Team
No current team members are available.