SA's Inclusivity Solutions Secures $1.5 Million Series A Extension Round to Fuel Pan-African Expansion
South African insurtech startup Inclusivity Solutions has announced the closing of a $1.5 million Series A extension round led by impact investment firm Goodwell Investments.
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.
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