Grace Ashiru
Inclusivity Solutions, an innovative insurtech company based in South Africa, has recently achieved a significant milestone by raising an additional US$1.5 million in its Series A funding. This extension round, crucial for their ambition to expand across the African continent, was spearheaded by Goodwell Investments, a notable firm in the impact investing space. Goodwell Investments has been a consistent backer of Inclusivity Solutions, leading its previous two funding rounds.
Established in 2015, Inclusivity Solutions specializes in creating, building, and operating digital insurance solutions that are inclusive and embedded. Their primary focus is making insurance coverage accessible and affordable through mobile phones. To achieve this, they work in partnership with mobile operators, insurance companies, and various other distribution partners, leveraging digital channels for distribution.
In a recent development, Inclusivity Solutions has successfully concluded an extension funding round with Goodwell Investments. This investment is a significant endorsement of our ongoing efforts to bridge the protection gap across Africa. Our CEO, Indira Gopalakrishna, expressed excitement over this milestone, noting that it underlines the crucial role of Inclusivity Solutions in expanding insurance access. We have a strong presence in eight African markets, serving over two million customers. This new investment will significantly boost our capacity to reach millions more in new and existing markets
Looking ahead to the end 2024, Inclusivity Solutions aims to expand its operations to at least 12 African countries. This latest financial boost from Goodwell Investments is a critical step towards achieving this expansion.
Moreover, Inclusivity Solutions will continue to invest in its innovative open-API, no-code platform. This technology is a game-changer, enabling insurance companies and their distribution partners to efficiently offer a comprehensive range of insurance products within just a few hours.
The company is committed to continuing its investment in its open-API, no-code platform. This platform enables insurers and distribution partners to offer a comprehensive range of insurance products in just a few hours.
