New Investments

Ethiopia-based Micro-Insurance Startup Jamii.One Secures New Investment From Renew Capital

Renew Capital, an impact-focused venture capital firm investing in early-stage African startups, has backed Ethiopia-based micro-insurance startup Jamii.one with a new investment.
 
The round also included participation from existing investors Blue Haven Ventures and angel investors.

Jamii.one is a digital micro-insurance platform that provides affordable and accessible insurance products to low-income individuals and communities in Ethiopia.
 
The company’s products include crop, livestock, and health insurance.

Renew Capital’s investment will be used to help Jamii.one expand its product offerings, reach new customers, and grow its team.
 
The company plans to launch new products, such as income protection insurance and funeral insurance, in the coming months.

Ethiopia is one of the poorest countries in the world, and over 80% of the population lives in rural areas.
 
Access to insurance is very low, with only 1% of the population having any type of insurance policy.

Jamii.one is helping to address this gap by providing affordable and accessible insurance products to low-income individuals and communities.
 
The company’s products are designed to help people protect themselves from financial hardship caused by unexpected events such as crop failure, livestock death, or illness.

Jamii.one’s platform is easy to use and can be accessed via mobile phone or the internet.
 
The company offers a variety of payment options, including mobile money and cash.

Renew Capital’s investment in Jamii.one is a positive development for the Ethiopian insurance market.

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