CIC Asset Management Upgrades Investment Tools to Include Real Time Withdrawals

CIC Asset Management (CICAM), a subsidiary of CIC Group, has launched an upgraded CIC Invest App, which introduces real-time withdrawals and an integrated Chama (investment group) management tool, transforming how individuals and groups save, invest, and grow wealth.

With these enhancements, CIC Asset Management says it is responding to the evolving needs of tech-savvy investors with cutting-edge financial solutions.

Mr Patrick Nyaga, the Group Managing Director and CEO at CIC Group, said, the investment firm is committed to continuously enhancing customer experience through technology and innovation. The revamped CIC Invest App underscores our dedication to delivering faster, reliable, and more interactive financial services that align with our customers’ evolving needs,” Mr Nyaga said.

Designed to cater to the next generation of investors, the new CIC Invest App offers interactive onboarding guides, mobile payments integration and instant reports & statements for real-time tracking, among other features.

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With over 150,000 Kenyans already using the previous version, the upgraded app is set to accelerate financial inclusion and inspire more individuals to take charge of their investment journey.

CIC Asset Management unit trusts portfolio accounts for 22% market share. It has Ksh80 billion in assets under management and over 130,000 customers, including individual investors, SACCOs, pension funds, and corporates.

Speaking on the new innovative features, Mr Humphrey Gathungu, the Managing Director, CIC Asset Management stated: “The financial landscape is evolving, driven by shifting demographics and a rising interest in investments. We believe this app will empower more tech-savvy Kenyans — particularly millennials and Gen Z — to take control of their financial future and build lasting wealth.”

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