FinTech news in africinvest category

Kenya’s MotiSure rides on micro-payments to drive personal mobility insurance growth International startups shrug off US insurtech meltdown Why 2022 insurtech investment could surprise you Driven by a viable business model, the startup, which also has operations in Uganda and Nigeria, has entered its growth phase and is eyeing more partnerships in a bid to drive mass market insurance adoption in Africa. Through API integration Turaco’s partners like PayGo companies (M-KOPA), ride-hailing platforms (SafeBoda), fintechs and micro-finance institutions are able to bundle insurance with their core products or services. Through its B2B2C model, Turaco has created an expansive distribution channel that is enabling it to tap into a large pool of potential customers in its markets, providing insurance to a group that has never consumed it before.