NAFUICO has the following subsidiaries:
iEnsure Brokers, an insurance administration and brokerage firm which is an authorized financial services provider in Long Term, Short Term and Health Services insurance.21st Century Life an authorized financial services provider and funeral parlour.
Bluegrouse Finance is a registered credit provider offering business and personal loans. Bluegrouse is 100% owned by NAFUICO. Bluegrouse offers loans through online platform Tinokunda and through its Funeral Parlours network.
NAFUICO Logistics incorporates 3 distinct divisions which present significant business opportunities, these being National Funeral Repatriations, Africa Funeral Repatriations and Supply of Funeral Parlours Consumables.
NAFUICO is a shareholder in Openfactor South Africa which is a fast-growing Financial Technology company expanding into the rest of Africa.
History
NAFUICO was formed in 2017 by members of the Transkei Funeral Practitioner Association (TRAFPA), Diaspora Kapita and Octomate. The aim was to form an investment holding company which would create multiple incomes for parlours and create inter-generation wealth. Though NAFUICO was formed with shareholder contributions from these initial participants, it currently draws its shareholders from funeral parlours across South Africa.
Why Join Us
NAFUICO through its companies offers the following services to a Funeral Parlour :
• Underwriting
• Payments Collections
• Insurance Administration System
• Microlending/Lending System
• Business Advisory Services
We have a distributed network to reach far ends in the countries we operate. We have designed solutions for mass market.
