April 27

aYo Launches Affordable Microinsurance in Cameroon

African insurtech aYo Holdings, created by telecommunications giant MTN, has launched its operations in Cameroon with innovative insurance products that offer local consumers affordable accident and death cover. aYo launched in January 2017 in Uganda and has since reached 20 million customers across Uganda, Ghana, Zambia and Côte d’Ivoire, whilst other markets being readied for launch later this year. The company has paid in excess of $2,2 million in claims.

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Source: Business Africa Online (link opens in a new window)

Finance, Technology
financial health, fintech, innovation, insurance, mobile finance