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Press Release: TLcom Leads $6 Million Series A in African InsureTech Platform, Pula
Nairobi, Kenya. 25 January 2021. Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise. The Series A fund was led by TLcom Capital, with the participation of Women’s World Banking. The new investment will be used to scale up operations in the company’s existing 13 markets across Africa. Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers.
- Source
- Wimbart
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Documenting a Historic Year in Emerging Markets Business: Vote for the Top NextBillion Article of 2020
Like many of you, we're not sorry to see the end of 2020. But as we look back on this historic, tragic year, NextBillion would like to take a moment to appreciate the extraordinary work done by enterprises, NGOs, researchers and others in the emerging markets business sector. They have risen to the occasion in ways that can best be described as heroic – while sharing their insights in nearly 100 COVID-19-focused articles on our platform. Several of these pieces are included in our "Most Influential Article of the Year" contest, which launches today. We invite you to read these articles and vote for your favorites – the contest runs from Dec. 21 to Jan. 2.
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Insurance in the Age of COVID-19: The Pandemic Highlights the Need for a New Approach
With much of the world on lockdown due to COVID-19, many businesses are closing down – either temporarily or permanently – with devastating effects on individual welfare and entire economies. This has amplified the importance of insurance, says Kate Rinehart-Smit at Cenfri. She explores how the sector can make a greater impact – not only on the resilience of businesses and individuals, but on broader economic development.
- Categories
- Coronavirus, Finance
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Analysis: Revolutionising Nigeria’s Microfinance Landscape Through Insurtech
According to Augusto & Co’s estimates for the 2019 financial year, the insurance industry in Nigeria generated gross premium income (GPI) of N471 billion, approximately 12% higher than the preceding year’s GPI. Compared to other African countries like Kenya and South Africa with 2.9% and 14% respectively, insurance penetration in Nigeria is low.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Interview: How COVID-19 Will Affect Impact Investing in India
Geeta Goel, country director, India, of the Michael & Susan Dell Foundation, talks about the need for responsible capitalism
- Categories
- Coronavirus, Education, Investing
- Region
- South Asia
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Philippines Based Digital Financial Services Firm Ayannah Merges With Indian Payments Company Equity Capital Advisors
Philippines based Ayannah, an online financial services provider, and India’s payments firm Equity Capital Advisors (ECAPS) have merged their operations in order to provide cost-effective and more accessible financial services to South Asia and Southeast Asia’s growing middle-class population.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- coronavirus, fintech, insurance, investment, remittances, SMEs
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Extending Insurance in Times of Crisis: How an Innovative Partnership is Serving Low-Income Micro-Business Owners in Indonesia
During a crisis like COVID-19, insurance can offer businesses in developed countries some degree of resilience. However, entrepreneurs in emerging markets often lack the access or awareness to take advantage of this protection. Carlie Joselowitz at N-Frnds discusses the challenges of delivering insurance to these small businesses – and an innovative partnership that aims to solve them.
- Categories
- Coronavirus, Finance, Investing
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Risk vs. Resilience: Insuring Sustainable African Cities in the Age of Climate Change
Though COVID-19 dominates the global conversation, climate change continues to have devastating effects. For instance, there were 53 climate-related disasters in Africa in 2018 alone – and these challenges are likely to get worse as the continent urbanizes. Kate Rinehart-Smit and Mia Thom at Cenfri suggest four interventions that can help insurers protect African cities and infrastructure against climate disasters.
- Categories
- Environment, Finance
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