Venture builder Aions Creative Technology announced the addition of two innovative startups, Milli and Franc, to its investment portfolio, bringing the total number of investees to 11. This expansion underscores its commitment to fostering entrepreneurship that drives job creation and economic growth in South Africa.
Driving financial inclusion with Franc
Franc is a digital wealth platform designed to simplify investing and make wealth-building accessible to all and is the 6th investment from Aions via the Telkom FutureMakers Fund. Franc offers user-friendly platforms that guide individuals in setting up goal-based investment pots, Franc empowers users to achieve financial freedom.
The latest report on a household savings rate of 0.9% highlights how South Africans are spending more than they save. Using its robo-advisor, the first registered in South Africa, Franc guides individuals in setting up goal-based investment posts to help overcome the country’s low household saving rate and financial literacy challenges.
Transforming charitable giving with Milli
Milli Crowdfunding is Aions’ first strategic investment. This registered Non-Profit Organisation (NPO) is changing the way South Africans engage in philanthropy and has become the country’s leading donation-based crowdfunding platform. It connects individuals, businesses, and high-net-worth donors with impactful social initiatives. By providing a transparent and gamified platform for giving, Milli fosters community engagement and supports sustainable social change.
Growing the economy
“At Aions Ventures, we believe that investing in innovative startups is essential for economic development. Entrepreneurship stimulates economic growth by introducing new products and services, creating jobs, and increasing productivity. Our investment in startups like Franc and Milli not only supports their missions but also contributes to the broader economic landscape by fostering financial inclusion and social impact,” says Mitchan Adams, Co-founder and CEO of Aions.
Despite a global downturn in venture capital funding, African startups demonstrated resilience by raising $3.2 billion in 2024. Notably, fintech continues to stand out, attracting 60% of the total equity funding. Aions Ventures remains committed to identifying and nurturing high-potential startups that address critical needs and drive economic progress.
“By supporting ventures like Franc and Milli, Aions Ventures is not only expanding its portfolio but also reinforcing its dedication to economic growth and job creation in South Africa. investors are encouraged to join us in backing these transformative startups that are poised to make significant impacts in their respective sectors,” adds Adams.
