• Kenya's Lami raises $1.8M to scale API insurance platform across Africa

    10 days ago - By TechCrunch

    Africa's insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded, this number drops to a measly 1.12%.
    Unlike other parts of the world, most African insurance providers neglect the importance of tailored and affordable insurance products to the average African consumer. Lami Technologies , a startup out of Kenya armed with $1.8 million in seed money, is looking to change that.
    The round was led by Accion Venture Lab , a seed-stage investment firm that supports financial services...
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