A $6 million Series A investment has been completed by Pula, a Kenyan InsurTech startup specializing in digital and agricultural insurance to de-risk millions of smallholder farmers across Africa.
The new funding will scale up operations in its current 13 markets across Africa, where more than 4.3 million farmers have been insured. Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Malawi, Zambia and Mozambique are among them. The Kenyan start-up also hopes to improve its expansion in Asia and Latin America for smallholder farmers.
Established in 2015 by Rose Goslinga and Thomas Njeru, Pula offers agricultural insurance and digital products to help smallholder farmers manage climate risks, improve their farming practices and, over time, increase their incomes.