PAYG Startups in Africa

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PAYG insurance in SA is gaining traction due to its affordability and accessibility, particularly in low-income segments. Players like PaddyCover have made significant strides, but challenges remain in educating the market and ensuring sustainability. Business leaders are cautiously optimistic, recognizing the potential but also the need for innovation and regulation to protect consumers.

Cummulative Funding

$200K+

Total # of Companies

1

Total Deal Count

1

Total M&A Count

0

Total # of Investors

1

List of PAYG startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

PaddyCover is powering affordable pay-as-you-go insurance in Nigeria & Africa.

Pre-seed

$ 200,000

2018

Founded

2018

Overview

PaddyCover is powering affordable pay-as-you-go insurance in Nigeria & Africa.

Last round

Pre-seed

Total raised

$ 200,000

Employee

2-10

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