About GENRIC
GENRIC is a Financial Services company based in Centurion (South Africa) founded in 2012, and was acquired by Old Mutual in September 2022. Diversified insurance services are provided across multiple sectors. Its chief executive, as recorded, is MC Du Toit. GENRIC offers products and services including Gap Cover, Health Insurance, Mechanical Warranty, Motorcycle Warranty, and Pet Insurance. Its focus areas include Insurance Carriers and Diversified. Its legal entity is GENRIC Insurance Company Limited.
Company details
GENRIC was founded in 2012 as a diversified insurance firm headquartered in Centurion, South Africa. Insurance services are offered in various sectors, including coverage for businesses and individuals. Operations are managed from the local base, with online presence maintained via genric.co.za. Leadership is provided by CEO MC Du Toit, ensuring focus on core insurance activities within the South African market.
- Headquarters Centurion, South Africa
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website genric.co.za
- Social LinkedIn Facebook YouTube
- Acquired by Old Mutual (Sep 2022)
- Legal Name Genric Insurance Company Limited
- InvestorsOld Mutual
& 1 more
- Acquired byOld Mutual
(Sep 2022)
Products & Services of GENRIC
GENRIC offers a comprehensive portfolio of products and services, including Gap Cover, Health Insurance, Mechanical Warranty, Motorcycle Warranty, and Pet Insurance.
Covers shortfalls in specialist insurance claims effectively.
Offers affordable healthcare coverage for individuals and families.
Provides protection for vehicle mechanical or electrical failures.
Ensures coverage for motorcycle mechanical breakdowns.
Delivers innovative medical insurance for pets in South Africa.
Offers unique coverage for security company liabilities.
Apps and channels of GENRIC
its YouTube channel GENRIC Insurance Company Limited has 3 subscribers and 3 videos.
Videos from GENRIC
The most watched videos on GENRIC's YouTube channel, GENRIC Insurance Company Limited (3 subscribers). Click a video to play it here.
More on GENRIC Insurance Company Limited.
Funding Insights of GENRIC
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of GENRIC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2021 | Series B | – | – |
2 investors in total: 2 institutional.
Investors in GENRIC
GENRIC has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Old Mutual and Fledge Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on MBOs, M&A, and expansions | fledge.co.za | Pretoria, South Africa | ||
Diversified financial services are offered across multiple asset classes. | 1845 | oldmutual.com | Cape Town, South Africa |
Investor details for GENRIC
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of GENRIC
1 people are tracked at GENRIC (1 in leadership).
| Name | Role | Group |
|---|---|---|
MC Du Toit | CEO | Leadership |
Complete people profiles for GENRIC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of GENRIC
3 dated milestones of GENRIC across 10 years, from founding to its latest funding, stage changes and deals.
- Founded GENRIC is founded.
- Funding First funding round.
- Exit Acquired by Old Mutual.
Web traffic of GENRIC
The website of GENRIC (genric.co.za) receives about 6.2K visits a month.
- Monthly visits6.2K
▼ 12.1% vs previous month
Websites whose visitors overlap most with GENRIC. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
lombardins.com | lombardins.com | 100% | #3,822,924 | – | |
brytesa.com | brytesa.com | 98% | #677,048 | – | |
| hollard.co.za | 88% | 80.5K | #334,195 | View details | |
cover.co.za | cover.co.za | 77% | #1,279,090 | – | |
| discovery.co.za | 53% | 6.9M | #9,619 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for GENRIC
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Genric
Complete news archive for GENRIC
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- Full article archive
- Source and publication date
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- Brand-specific news history
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Frequently Asked Questions about GENRIC
GENRIC was founded in 2012 and raised its 1st funding round 9 years after it was founded.
GENRIC is headquartered in Centurion, South Africa. It is registered at Centurion, Gauteng, South Africa.
MC Du Toit is the CEO of GENRIC, as recorded in our data.
GENRIC was founded in 2012 as a diversified insurance firm headquartered in Centurion, South Africa. Insurance services are offered in various sectors, including coverage for businesses and individuals. Operations are managed from the local base, with online presence maintained via genric.co.za. Leadership is provided by CEO MC Du Toit, ensuring focus on core insurance activities within the South African market.
GENRIC offers Gap Cover, Health Insurance, Mechanical Warranty, Motorcycle Warranty, and 2 more products and services.
GENRIC has 2 investors. Key investors include Old Mutual, and Fledge Capital.
GENRIC operates through Genric Insurance Company Limited.
Yes. GENRIC was acquired by Old Mutual in September 2022.