New Investments
SA's Inclusivity Solutions Secures $1.5 Million Series A Extension Round to Fuel Pan-African Expansion
This latest funding brings the total amount raised by Inclusivity Solutions to nearly $4.5 million and will be used to support the company’s pan-African expansion plans.
Founded in 2015, Inclusivity Solutions designs, builds, and operates inclusive, embedded digital insurance solutions and delivers them through digital channels in partnership with mobile operators, insurance companies, and other distribution partners.
The company’s mission is to make simple and affordable insurance cover accessible to underserved and unserved communities across Africa.
Inclusivity Solutions has already achieved significant traction, serving over two million customers in eight African markets.
With the new funding, the company plans to expand its reach to at least 12 African markets by the end of 2024.
The company will also continue to invest in its no-code, open-API platform, which enables distribution partners and insurers to offer a full range of insurance products in a matter of hours.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
Alma Clinics Secures $2.8 Million in Funding to Expand Nurse-Led Primary Healthcare in South Africa
South African nurse-led primary healthcare clinic chain Alma Clinics has secured $2.8 million in funding from investment firm IDF Capital’s Alitheia IDF Fund (AIF).
Kenyan Clean Cookstove Company BURN Secures $12 Million to Expand Across Africa
BURN Manufacturing, a leading Kenyan clean cookstove producer, has secured $12 million to accelerate the distribution of its clean cooking solutions across Africa.
ANKA Secures $5M Pre-Series A Extension to Accelerate E-Commerce Growth in Africa
ANKA, an Ivorian SaaS e-commerce platform for African businesses, has raised $5 million in a pre-Series A extension round led by the International Finance Corporation (IFC) with participation from Proparco and Bpifrance.