Futurum Financial Group (FFG) has announced its acquisition of a stake in recently launched ADDaBIT™, an easy-to-use, social saving platform that makes saving for your child’s dreams easier. With a 30 year history, FFG is a leading independent financial services company that offers a broad range of financial services and products, including Wealth Creation and Preservation, Asset Risk Management, Employee Benefit Solutions and all other related Insurance Solutions.
“ADDaBIT™ is a natural fit for us given our shared understanding of the need for simple social saving” said Paul Kampff, FFG’s Managing Director, “We strive to ensure that our services constantly meet the needs of our clients and ADDaBIT™ is another example of our commitment to this. With so much focus on saving in a world where it is often difficult, this gives clients an alternative to traditional methods and an option to more comfortably reach their savings goals.”
Essentially ADDaBIT™ uses crowd-sourcing principles to enable friends and family to collect funds towards a child’s dream. This can be used for any gifting occasion to reduce excessive gifts that have little meaning or are purchased simply to provide a gift. Instead you can now decide what it is that your child really wants and invite loved ones to contribute towards something meaningful. Simply put, ADDaBIT™ makes dreams come true.
Subscribers sign up and create a fund for a beneficiary and then invite others to contribute to that specific fund. You are not limited to having only one fund but are able to, for example, establish a fund for your child’s birthday for their BMX, Ipad or jungle gym as well as a long term fund for private schooling, college tuition, a first car or any other future gifts, goals or opportunities. As the fund grows, ADDaBIT™ updates it showing the amount and percentage invested towards your target amount. This innovative and secure platform has no penalties and no minimum payments making it an attractive tool for investors to add funds as and when they can. It is very simple to set up and your money earns market-leading interest in an Investec fund.
“In time we also look forward to seeing ADDaBIT™ develop into other focus areas over and above for children and become a savings platform of choice for everyone needing help with their goals. Adding this to all we already offer our clients, means another avenue for them to be able to realise their financial dreams”, concluded Kempff.