South African insurtech startup Inclusivity Solutions has raised a US$1.5 million Series A extension round to support its pan-African expansion plans. Launched in 2015, Inclusivity Solutions designs, builds and operates inclusive, embedded digital insurance solutions and delivers them through digital channels in partnership with mobile operators, insurance companies and other distribution partners to deliver simple and affordable insurance cover through mobile phones. The investment will support Inclusivity Solutions’ expansion plans, including its ambition to operate in at least 12 African markets by the end of 2024. It is a validation of the pressing need to close the protection gap across the continent and the work Inclusivity Solutions is doing to address this challenge. Inclusivity Solutions makes insurance easily available and reliable, and thanks to their technology, highly scalable.
