Malian insurtech startup OKO has raised a US$500,000 seed extension round to help it expand to Ivory Coast and work towards a Series A. It has now closed an extension round of US$500,000 and announced plans to launch in the Ivory Coast with existing partners Orange, Allianz and Touton. The extension round came from global impact-tech accelerator Katapult, along with three business angels – Guillaume Leenhardt (CEO at Gentle Finance), Henry Allard (CEO of Filhet-Allard Maritime), and Lionel Dorie founding partner of Augusta Energy Group). “Ivory Coast has always been a priority market for us, so when we saw the opportunity to launch OKO there this year we jumped on it. We are bringing strong partners to make this expansion a success and we have big ambitions for the months to come,” said Simon Schwall, Co-founder and CEO of OKO.

Source: The North Africa Journal June 29, 2022 07:26 UTC