Insurance Startups in Africa
StartupList Africa tracks 75 Insurance startups across Africa, which have raised $1B in disclosed funding. South Africa has the most, with 18, followed by Kenya (12) and Nigeria (12).
Updated
Insurance companies
66 companies in this sector
| Company | Tagline | Total Funding | Last Round | Team Size | Backers | Action |
|---|---|---|---|---|---|---|
 Ghana | BIMA Ghana is providing affordable, tech-enabled healthcare and micro‑insurance for consumers. | 1000+ | ||||
Bluewave Insurance Agency is a Kenyan insurtech startup that eases the reach of the underserved market to insurance products and services. | 2-10 | |||||
 Nigeria | Insurpass is an API-based insurtech company ushering in the future of insurance in Africa. | Funding Round | 11-50 | |||
 Ghana | Fleri is an Africa-focused insurtech startup that enables migrants in the diaspora to buy health insurance for their relatives back home. | Pre-seed | 2-10 | |||
Kenya | Oye Kenya rewards boda riders with insurance, loans, and e-mobility through fuel purchases. | Seed | 11-50 | |||
 Nigeria | Myka Ecosystems Limited is a digital-first insurance intermediary at the intersection of retail finance and innovation. | Pre-seed | 11-50 | |||
 Mauritius | Weaver Fintech is a stable of fintech businesses driving growth through innovation and customer insights with a digital-first mindset. | 51-200 | ||||
 South Africa | Insurance, personalized to your needs | Corporate | 2-10 | |||
 Egypt | Helpoo is an integrated tech-enabled service application that offers motor vehicle insurance services in Egypt. | Corporate | 51-200 | |||
 South Africa | Hollard Insurance is an insurance agency selling house, car, business and funeral insurance. | $327M | Corporate | 1001-5000 | ||
 Ghana | The Enterprise Group gives you a range of products for any life and non-life insurance, as well as pension needs. | $180M | Private Equity | 251-500 | ||
 South Africa | SA Taxi is a vertically integrated company servicing the minibus taxi industry. | $100M | Debt Financing | 501-1000 | ||
 South Africa | Naked Insurance provides instant, honest insurance at game-changing prices. | $70M | Series B | 11-50 | ||
 South Africa | Alexander Forbes offers integrated retirement, investment, life and insurance solutions to protect what matters. | $56M | Venture | 1001-5000 | ||
 Kenya | Britam is a diversified financial services group. | $54M | Post-IPO Equity | 1001-5000 | ||
 Nigeria | Reliance HMO provides Health Insurance in Nigeria for You, Family & Business. | $46M | Series B | 51-200 | ||
 Nigeria | Revolutionizing healthcare in Nigeria with mobile technology. | $45M | Grant | 201-500 | ||
 Uganda | Numida is a Ugandan fintech startup that provides unsecured growth capital to semi-formal small businesses via a mobile app. | $15M | Debt Financing | 11-50 | ||
 Kenya | Turaco provides Insurance for tomorrow's emerging markets. | $13M | Series A | 11-50 | ||
Apollo Investments Ltd provides general and life insurance solutions for individuals, businesses, and organizations in Kenya. | $11M | Secondary Market | 251-500 |
Showing 20 of 66 companies. A free account shows more results. See plans
Insurance startups by country
Top Insurance investors in Africa
- Catalyst Fundbacked 5
- Y Combinatorbacked 5
- P1 Venturesbacked 4
- 4Di Capitalbacked 3
- International Finance Corporationbacked 3
- Mercy Corps Venturesbacked 3
Insurance startups: quick facts
- How many Insurance startups are there in Africa?
- StartupList Africa tracks 75 Insurance startups across Africa.
- How much funding have Insurance startups in Africa raised?
- Insurance startups in Africa have raised $1B in disclosed funding.
- Which African countries have the most Insurance startups?
- South Africa has the most, with 18, followed by Kenya (12) and Nigeria (12).
- Who invests in Insurance startups in Africa?
- Catalyst Fund has backed 5 Insurance startups, followed by Y Combinator (5) and P1 Ventures (4).
