Insurtech startup, Inclusivity Solutions, has secured a $1.5 million extension round, to support its expansion plans to operate in at least 12 African markets by the end of 2024.
The insurance industry is still at various developing stages in many countries across Africa. According to data from Statista, the industry represents less than three per cent of insured catastrophe
Regulatory authorities have approved the partnership between Sanlam and aYo Holdings, the insurtech platform owned by MTN Group. This opens the door for the two companies to create and expand
Insurance technology company, Turaco has raised $10 million in series A funding. This was led by AfricInvest via its Cathay Africinvest Innovation Fund (CAIF) and second time investor, Novastar ventures.
In order to introduce an artificial intelligence (AI) insurance claim assessment tool to the South African market, Bdeo, a Spain-based Insurtech startup that offers visual intelligence solutions for the insurance
Ivorian health-tech startup Susu has raised €2 million ($2.2 million) in a pre-seed funding round with angel investors. Part of the funding was also raised as debt, and grant
Nigeria based insuretech startup, Octamile, has raised $500,000 in a pre-seed round led by EchoVC with participation from Fiat Ventures, Kesho VC, Trade X, Verraki Partners, Dale Mathias, Kyle
