New Investments
MyCover.ai, a Nigerian startup specializing in insurance technology solutions has secured $1.25 million to disrupt the traditional insurance industry in Africa
The investment was led by prominent venture capital firms led by Ventures Platform Fund, with participation from Founders Factory Africa and Techstars, who are making a follow-on investment.
Founded in 2021, MyCover.ai aims to disrupt the traditional insurance industry in Africa by leveraging cutting-edge technology to provide accessible, transparent, and personalized insurance products to individuals and businesses alike. This recent pre-seed funding will play a crucial role in supporting the startup’s expansion plans and advancing its mission of fostering financial inclusion across the continent.
MyCover.ai’s innovative approach to insurtech centers around harnessing the power of artificial intelligence (AI) and data analytics to create tailored insurance solutions that meet the unique needs of customers. Through their platform, users can easily access a range of insurance products, from health and life coverage to property and auto insurance, all at competitive and affordable rates.
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...
Standard Bank Backs Helios Towers With $29 Million to Expand Digital Infrastructure Across Africa
Launch Africa Ventures has completed 15 new startup investments in 2026, reinforcing its position as one of Africa’s most active early-stage venture capital investors at a time when first-time funding for startups remains under pressure.
Launch Africa Ventures Expands African Startup Portfolio with 15 New Investments in 2026
Launch Africa Ventures has completed 15 new startup investments in 2026, reinforcing its position as one of Africa’s most active early-stage venture capital investors at a time when first-time funding for startups remains under pressure.
Codar Raises $1.5 Million to Expand AI and Digital Skills Training Across Africa
Codar, an African edtech company backed by KWE4 Africa Venture Studio, has secured USD 1.5 million in a funding round that will accelerate the expansion of its AI and digital skills training programs across the continent.