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...
Enko Capital Secures $30 Million from PIC to Grow Private Credit Access Across Africa
South Africa’s state-owned asset manager, the Public Investment Corporation (PIC), has committed $30 million to a private-credit vehicle run by the Africa-focused alternative investment firm Enko Capital.
Kenya’s Digital Bank Umba Secures $5 Million to Drive Pan-African Growth
Kenyan-based digital bank Umba has secured a $5 million debt facility from Star Strong Capital to accelerate its growth and reach more customers across Africa.
Spiro Secures $50 Million Debt Financing to Expand Electric Mobility Network Across Africa
Spiro, a leading African electric mobility company, has secured $50 million in debt financing in a new funding round that will accelerate the expansion of its battery-swapping infrastructure and related clean mobility technologies across the continent.