February 21

South African InsurTech Naked Secures $17 Million

Naked, a South African AI-driven InsurTech company offering car and home insurance, has raised $17m in Series B funding.

According to a report from Disrupt Africa, the round was led by International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets.

The round also saw participation from the German Development Finance Institution (DEG) and Naked’s original investors Yellowwoods and Hollard.

Photo courtes of Angelo Moleele.

Source: Fintech Global (link opens in a new window)

artificial intelligence, insurance