Tanzanian based insurtech start-up, Jamii has secured funding from US-based entrepreneur, Patrick Munis as it reaches its target of US$2 million for expansion to Kenya.
Jamii offers micro-health insurance services with its plans starting around US$1 per month per person, and has so far covered over 6,400 people by health insurance and helped 2,900 people make health insurance claims through the platform.
This is the first investment made by Munis in Africa. The entrepreneur’s company NewWave Technologies has over 200 employees and manages substantial healthcare records of residents of Washington DC.
Jamii’s services became available nationwide this month, and the start-up is raising a US$2 million round of investment to expand to Kenya. It has now confirmed investment from Munis, founder of US-based digital health company NewWave Technologies, to take the total of that planned round raised so far to US$700,000.
Jamii was one of the 20 scale-ups accelerated by the World Bank’s XL Africa programme last year, and also secured grant funding from the GSMA Ecosystem Accelerator. Its last equity funding came in 2017.