Top 10 InsurTech VC (Venture Capital) Funds in Kenya in October 2023

Portfolio highlights

• Balad — Balad is Egyptian Cross Border Payout Network primarily serving Money Transfer Operators (MTOs), fintechs and mobile wallets. Targeting sending markets including GCC, EU, US, Canada, and UK
• Anchor — Anchor is a Lagos-based banking-as-a-service platform for African businesses. Anchor provides APIs and infrastructure to build, embed and launch powerful financial products in a secure and scalable way.
• Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.

Portfolio highlights

• Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
• Nkoloso — Nkoloso is a company that uses advanced AI and robotics for agriculture, forestry, and infrastructure industries.
• Kotani Pay — Kotani Pay is a technology stack that enables blockchain protocols, dapps, and blockchain fintech companies to integrate seamlessly to local payment channels providing them with a reliable on ramp and off ramp service to reach a wider customer base in Africa.

Portfolio highlights

• MIA Group — MIA Group is a consumer internet company in Francophone Africa. We are on a mission to make commerce easy through a digital ecosystem fulfilling the everyday needs of consumers online and offline.Our businesses include Miaplenou.com: The largest online retail platform operating in Togo, Benin, Mali, Niger, and Burkina Faso. Launched 2012.Kiosk: online reselling App that enables anyone to start a business without investment. Launched 2021.MiaPay: QR code payment and lifestyle services
• Baloon Assurance — Baloon is a digital insurance broker. They offer online insurance brokerage services intended to help facilitate the purpose of meeting the insurance demands. Their services include providing insurance in the areas of automobile and health, enabling consumers to reimburse their insurance online.
• LemFi — Lemonade Finance is a digital bank for the African diaspora. Lemonade provides users with accounts in their country of residence and country of origin for personal and business banking needs.

Portfolio highlights

• Rology — AI-assisted On-demand Teleradiology Platform
• Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.
• Insight Robotics — Insight Robotics is a forestry-focused risk management company, empowering forest owners to proactively mitigate threats by making sense of data.

Portfolio highlights

• MVX — MVX is a freight forwarding business and logistics platform that offers freight financing, tracking, and shipping services to help trade.
• MoneyHash — MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration.
• Mvxchange — MVX makes freight shipping easier and more coordinated for companies of any size by bringing the whole booking and deployment process online. We simplify Africa’s end-to-end import and export trade transactions by aggregating and organizing 7+ services through 1 digital channel.

Portfolio highlights

• mTek — Manage your insurance digitally by purchasing affordable covers online, comparing quotes from your favorite insurers and settling claims through mTek

Portfolio highlights

• mTek — Manage your insurance digitally by purchasing affordable covers online, comparing quotes from your favorite insurers and settling claims through mTek

Portfolio highlights

• Stuf — Stuf is a next-generation self-storage startup that provides easy-to-access and "right next door" storage in a warm and inviting environment for tech-enabled users. At the same time, it partners with real estate owners to monetize underutilized spaces in commercial buildings, creating new cash flow opportunities while providingneighborhoods with new amenities.
• Trustible — Document, manage, and report on your AI Governance strategy to build trust and reduce risk. https://www.trustible.ai/
• MoviePass (NEW) — MoviePass is a subscription service that allows customers to see movies in theatres for a set monthly fee. The user will be able to check into their preferred movie theatre using location-based mobile technologies and share their movie-going experiences with their peers via their preferred social networks. After the film, the user will be able torate each movie and theatre experience.

Portfolio highlights

• Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
• Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
• Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.

Portfolio highlights

• Releaf — We are industrializing food processing in Africa. We've led 1000+ smallholder farmers to provide food factories with >7.5 million kilograms of quality crops.
• Tripesa — Tripesa offers payment solutions for Africa's travel and tourism industry.
• Norebase — Norebase knows that there's an opportunity to grow successful businesses in Africa. It also understands the complexities of the market, and so is using technology to make doing business in Africa worthwhile. With Norebase get to operate in Africa with no hassle and with minimum risk.