Lami
Kenyan insurtech Lami Technologies in February last year announced its acquisition of Bluewave, another startup within the insurance space, to expand its product offerings and enable it to scale into…
ImaliPay gets $3M to offer financial services to underserved gig workers across Africa
The gig economy is experiencing profound growth in Africa. Yet, all that growth hasn’t changed the status of workers who are seen as contractors rather than employees. Because many of…
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6 African women CEOs discuss how they raised more than $1M in 2021
Women-founded companies in the U.S. raised more money from venture capitalists in 2021 than ever. Reports indicate they secured 83% more funding than the previous year, primarily attributed to the record-setting $329 billion U.S. startups raked last year. But according to data from PitchBook, less than 2% of VC funding went to all-women-founded teams in…
Kenyan insurtech startup Lami enters Malawi, DRC after acquiring Bluewave, eyes rest of Africa
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency for an undisclosed amount as it seeks to make insurance covers accessible to more people across Africa. Bluewave insurance, also a…
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African tech took center stage in 2021
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. With high-profile visits from the most famous Jacks (Ma and Dorsey), a long-awaited first…
Kenya’s Lami raises $1.8M to scale API insurance platform across Africa
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…
