Starting with income protection and health insurance, the insurtech startup is leveraging artificial intelligence and behavioural science to deliver game-changing claims and benefits products.
The new funds will support customer acquisition and growth, as well as further development of the product and the technology stack. The funding round, the largest pre-seed round for an African insurtech to date, was led by Target Global with participation from Entrée Capital, Oliver Jung, Tom Blomfield and Ed Robinson and Brandon Krieg . African founders such as Uche Pedro , Babs Ogundeyi and Musty Mustapha , Shola Akinlade , Olugbenga “GB” Agboola , Honey Ogundeyi , Opeyemi Awoyemi and others also participated in the round.
Segun Makinde, former VP at JPMorgan Chase and former Portfolio Manager for Nigeria at MEST Africa is the company’s Chief Operating Officer. The startup launched in April 2021 and already has more than 66,000 customers, with $16 million in insurance coverage.
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