Although Finrite has merged, historically, with two leaders of the local insurance industry, we remain a proud family business to this day.
Here’s our story
In the early 1990s, when technology products began to flood the market, Vossie Lotter saw a gap: insurance administration on those items. He established Finrite in 1993, selling products door-to-door, but soon began to build relationships with big retailers who were moving into affinity marketing.
Over the years the entire Lotter family has been closely involved with Finrite. Mr Lotter’s wife of 42 years, Linda, has offered continuous support in every Finrite venture and played an integral part in all of the company’s successes.
Karin, Vossie’s eldest daughter, spent school-day afternoons at Finrite. She answered phones, carried out admin tasks and in no time, Finrite was in her blood. So when Vossie retired, Karin (now Matthews) took over as MD.
Michelle Lotter travelled extensively after school – embracing the opportunity to explore adventure activities. She leveraged her spirit of entrepreneurship to begin her own venture but she has maintained close ties with Finrite.
Nadia Lotter has worked in several capacities within Finrite, offering her own valuable brand of expertise. She currently works in her husband’s business.
Christoffel Lotter has taken up the reigns at the Lotter family’s game farm, where he runs operations alongside Wimpie Matthews, Karin’s husband.
Finrite truly is a family entity. Despite acquisitions by Glenrand MIB and Aon SA, it has maintained its unique identity. In 2015, with a management buyout, Karin returned Finrite to an independently registered company.
Karin was born in Pretoria and began her ‘professional’ career by waiting tables in restaurants at the age of only 11. In 1992, while in Grade 11, she began working at Finrite. Karin matriculated in 1993 and went on to gain competency in insurance, completing her full FAIS qualification and various regulatory examinations. The registered Key Individual for Finrite, she is currently enrolled for an MBA degree. Karin is married with two daughters.
A qualified engineer, Vossie Lotter worked at Metropolitan Life early on in his career. He also established several business enterprises including a dry-cleaning business, a health store, a real estate agency and an investment brokerage. In addition to his successful founding of Finrite in 1993, Vossie is a passionate game farmer. He has been happily married to Linda Lotter for 42 years and the couple has four children and five grandchildren.
We’re an organisation built on family values: local people, authentic care, humility and humanity. We’re also proud to say that many of our employees come from the nearby communities of Soweto and Eldorado Park.
More importantly perhaps, Finrite believes in providing the professional grounding for industry careers. This is why so many of our people have gone on to succeed in insurance, leveraging the Finrite basic building blocks.
Other Finrite values include:
- Always Treating Customers Fairly (TCF)
- Earning the trust of large retailers
- Maintaining management expertise
- Striving for technological agility