Inseco – contributing to the sustainable production of food Investment date: March 2022 Insecowas created to improve the sustainability of the global food production system through the sale of nutritious insect protein products, and to address the challenges that countries face with regards to sustainable food production. Current food production systems will soon be unable tomeet the growing demand, and over 35%of food produced globally is wasted and emits greenhouse gases. Inseco’s capabilities include using black soldier flies to convert low-value organic by-products into high quality protein, oils, and fertiliser. Its products are then sold to the local aquaculture, pet food and poultry industries. Currently servicing the already large local market, the teamhas plans to expand into the US, Europe, and the rest of Africa. The heightened awareness of food security concerns is one of themany growth drivers of the large insect proteinmarket. The business, whichwent through almost seven years of research and development, has developed a large yet state-of-the-art processing capability which places it ahead of its competitors. Evenmore, Inseco is the only company in South Africa that can produce defatted insect meal and oil - reinforcing its attractiveness over its rivals. Inseco is backed by a great management teamwho demonstrate innovation, deep understanding of themarket and strategic insight.The teamhas a goodmix of both technical and commercial expertise. Ozow – improving financial inclusion Investment date: April 2022 Recognised as one of the leading instantEFT providers in South Africa, Ozow has enabledmillions of South African consumers andmerchants to transact online bymaking easy, convenient yet safe payments. Ozow’s disruptive businessmodel automates themanual EFT process, which is known for being time-consuming, prone to human error and inefficient. In addition, the company is working with industry and government to roll out the Rapid Payment Programme to create an instant payment ecosystem for the underbanked, using simple identifiers. As responsible investors, Futuregrowth backed Ozow, in order to support the team in its drive to transform the banking industry. For many reasons, a large portion of the under-banked population do not have access to a credit card. Ozow has set out to provide digital and financial inclusion to South African consumers who do not have access to a credit card, to make instant EFT payments using a basic bank account. The management team includes members who had entrepreneurial experience prior to founding Ozow and are highly ambitious, driven, and innovative. In addition, the company is backed by well-capitalised shareholders such as Tencent and Endeavour Catalyst (whose Investment Committee is chaired by the co-founder of LinkedIn). Ozow is in the process of building an omni-channel platform to capture the fastgrowing EFTmarket. Continued high-impact investing Early-stage investments add an entirely new dimension to the existing pool of assets within institutional portfolios. These companies have the potential to yield optimal financial returns (commensurate with the risk) for investors and, as can be seen from the investments mentioned above, alsomake tangible contributions to society and the environment through their ground-breaking offerings. n Mobiz is backed by an impressive management teamwhohave all the attributes of the type of entrepreneur you would like toback. Futuregrowth Asset Management is a licensed financial services provider. 26 TMI | THE SOUTHAFRICANTREASURER NEXT GENERATIONTREASURY
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