Insurance Startups in Africa
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Insurance in East Africa is heating up. Hollard's expansion, Enterprise's dominance, and SA Taxi's niche play are reshaping the market. Local leaders buzz about Hollard's aggressive strategy, Enterprise's customer focus, and SA Taxi's disruption in the taxi industry. The race is on to capture the growing middle class and underinsured segments.
Cummulative Funding
$97M+
Total # of Companies
9
Total Deal Count
23
Total M&A Count
1
Total # of Investors
48
List of Insurance startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Britam is a diversified financial services group. | Post-IPO Equity | $ 53,640,790 | 1956 | |
Turaco provides Insurance for tomorrow's emerging markets. | Series A | $ 13,300,000 | 2008 | |
Apollo Investments Ltd provides general and life insurance solutions for individuals, businesses, and organizations in Kenya. | Secondary Market | $ 11,300,000 | 1977 | |
Pula uses insurance and digital products to help smallholder farmers endure climate risks, and improve their farming practices. | Grant | $ 8,200,000 | 2014 | |
Lami is a Kenyan InsurTech platform that enables companies across sectors to offer insurance products. | Seed | $ 5,610,000 | 2018 | |
mTek is an InsurTech platform that provides paperless ecosystem for the insurance industry. | Seed | $ 4,500,000 | 2019 | |
Pesabazaar is Kenyaโs prominent online general insurance aggregator. | Seed | $ 421,000 | 2014 | |
Eleka is a digital customer data collection platform, enhancing information-gathering process. | Seed | $ 100,000 | 2020 | |
Bluewave Insurance Agency is a Kenyan insurtech startup that eases the reach of the underserved market to insurance products and services. | Undisclosed | Undisclosed | 2016 |
Founded
1956
Overview
Britam is a diversified financial services group.
Last round
Post-IPO Equity
Total raised
$ 53,640,790
Employee
1001-5000
Founded
2008
Overview
Turaco provides Insurance for tomorrow's emerging markets.
Last round
Series A
Total raised
$ 13,300,000
Employee
11-50
Founded
1977
Overview
Apollo Investments Ltd provides general and life insurance solutions for individuals, businesses, and organizations in Kenya.
Last round
Secondary Market
Total raised
$ 11,300,000
Employee
251-500
Founded
2014
Overview
Pula uses insurance and digital products to help smallholder farmers endure climate risks, and improve their farming practices.
Last round
Grant
Total raised
$ 8,200,000
Employee
11-50
Founded
2018
Overview
Lami is a Kenyan InsurTech platform that enables companies across sectors to offer insurance products.
Last round
Seed
Total raised
$ 5,610,000
Employee
11-50
Founded
2019
Overview
mTek is an InsurTech platform that provides paperless ecosystem for the insurance industry.
Last round
Seed
Total raised
$ 4,500,000
Employee
2-10
Founded
2014
Overview
Pesabazaar is Kenyaโs prominent online general insurance aggregator.
Last round
Seed
Total raised
$ 421,000
Employee
1-10
Founded
2020
Overview
Eleka is a digital customer data collection platform, enhancing information-gathering process.
Last round
Seed
Total raised
$ 100,000
Employee
2-10
Founded
2016
Overview
Bluewave Insurance Agency is a Kenyan insurtech startup that eases the reach of the underserved market to insurance products and services.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10