New Investments
South African Insurtech Naked Raises $38 Million in Series B2 Funding
Naked, a South African insurtech company, has successfully raised $38 million in a Series B2 funding round.
This latest funding will enable Naked to advance its automation and artificial intelligence capabilities, expand its product portfolio, extend its market presence, and bolster advertising efforts to grow its customer base.
The Series B2 round follows the company’s earlier Series B funding in February 2023, which secured $17 million from investors such as IFC, Yellowwoods, Hollard, and DEG.
Founded in 2018 by actuaries Alex Thomson, Sumarié Greybe, and Ernest North, Naked has revolutionized the insurance industry with its fully digital platform.
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...
Rentoza Secures $6M in Funding to Revolutionize African E-commerce
Rentoza, a South African online subscription platform that allows users to rent electronics, furniture, and other home goods, has secured $6 million in funding.
Oikocredit Injects $10 Million to Boost African SMEs in Partnership with AfricInvest
Social impact investor Oikocredit has provided a first-time loan of $10 million to AfricInvest Private Credit (APC) to empower small and medium-sized businesses (SMEs) across Africa.
d.light Secures $7.4 Million to Expand Solar Power Access in Nigeria
d.light, a leading provider of solar-powered solutions, has secured $7.4 million in financing to advance their Pay-Go service and broaden access to solar products for low-income households in Nigeria.
