MMI Holdings
268 West Avenue, Centurion, Gauteng, 0157, South Africa
Overview
MMI Holdings Limited (MMI) is a South African based financial services group listed on the South African stock exchange, the JSE. The core businesses of MMI are long and short-term insurance, asset management, savings, investment, healthcare administration and employee benefits. These product and service solutions are provided to all market segments through operating brands Metropolitan and Momentum.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
Investment portfolio
- ABAKA Holdings
Led · Seed · Dec 2016
ABAKA operates an AI-driven digital platform that enables financial institutions to engage, retain and acquire customers through personalised saving and retirement products. The company offers what it calls the world’s first digital saving and retirement enterprise SaaS platform, powered by machine learning and hyper-personalization. Its technology delivers scalable, affordable advice on pensions, savings, and investments for retail customers and serves clients across retail banking, wealth management, retirement, and insurance. ABAKA is a multi-award-winning provider of Artificial Financial IntelligenceTM with deep specialization in machine learning and hyper-personalization. The company plans to use recent funding to support international expansion in Asia and to continue developing its AI-powered hyper-personalized recommendation engine. Abaka leverages artificial intelligence to offer a savings platform that enables employees to manage their pension plans via their smartphones. The platform helps employers improve employee benefits awareness and directly communicate and engage with staff. Employees receive financial guidance and personalised nudging to build their financial knowledge. The company said it will use the funds to hire new people and to launch in the UK. Abaka was founded in January 2016 by CEO Fahd Rachidy and is based in London, UK. It raised a £520k seed round to support these plans.
Team
No current team members are available.