Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

Lami Technologies, a Kenyan insurtech startup, raises US$3.7 million in seed funding

Tech Gist Africa by Tech Gist Africa
08/03/2022
in Funding, Insurtech, News - East Africa, Startups, Women in Tech
0 0
0
Jihan Abbas - Lami Technologies

Jihan Abbas - Lami Technologies

0
SHARES
Share on FacebookShare on Twitter

Lami Technologies, an insurtech startup based in Kenya, has successfully raised 3.7 million dollars in seed funding in order to extend its insurtech offering across Africa.

Early-stage venture firm Harlem Capital took the lead on the extension.

Early-stage startup capital firm Newtown Partners, Peter Bruce-Clark, Caribou Honig, Jay Weintraub of InsureTech Connect, and senior members of Exotix Advisory also took part in the round.

In 2018, Lami Technologies was founded to solve the issue of poor insurance uptake in Africa, which is a result of the industry’s sluggish rate of innovation, leaving the region to deal with sluggish and antiquated paper-based systems.

The additional funding, according to Lami founder and CEO Jihan Abass, would be utilized for business development, product and technology development, and expansion into new nations like Egypt, Nigeria, and Uganda.

“Lami is a forerunner in the insurance industry when it comes to innovation, and we are happy to have found the proper partners to promote insurance use in Africa. We want to make insurance easily available to everyone on the continent, and we’ll keep announcing new solutions to support this goal, added Abass.

Lami aims to close the gap by using technologies that reduce the cost of insurance through the use of “bite-sized” premiums. For instance, the company developed a cover that covers items each trip with premiums starting at US$ 0.21 for commodities worth US$ 85 as a result of its cooperation with logistics startup Sendy.

As a result of the growing investment in Lami, which comes at a time when funding for female-led businesses in Africa is still paltry compared to that for their male counterparts, women founders are encouraged that better days are ahead.

 

Read more on Tech Gist Africa:

Youverify, a Nigerian identity verification startup, has raised $1 million in seed funding

Skrmiish, a South African gaming startup, receives $2.5 million in a seed funding round

Proto Accelerates Its Global Expansion After Raising $5.6 Million in Series A Funding

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Rulebase
Funding

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

by Tech Gist Africa
09/26/2025
0

Rulebase, a Y Combinator-backed fintech startup, has raised $2.1 million in pre-seed funding to automate back-office operations in financial services....

Read more
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
AGF Visa Foundation

AGF and Visa Foundation Unveil $2M Fund for Women Entrepreneurs in Africa

09/26/2025
Justyol Morocco

Justyol, a Moroccan e-commerce startup has raised $1 million in funding

09/26/2025
Mavryk Network UAE

Mavryk Network Secures $10M to Revolutionize UAE Real Estate with Blockchain Tokenization

09/26/2025
Next Post
Jodo India

India’s Jodo raises $15 million

River India

Indian EV startup River gets $11M

Auddy London UK

London-based podcast platform Auddy rakes in £2.5M

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.