South African insurtech start-up, Click2Sure has secured funding from Nasdaq-listed Greenlight Capital Re., the company announced. The investment was made through Greenlight Re Innovations, part of Greenlight Capital Re.
Founded by Jacques van Niekerk and Daniel Guasco, Click2Sure is a “full-stack digital insurance platform and it will use the funding to expand the business globally.
Van Niekerk has served as chief technology officer to several South African e-commerce companies, including Takealot, Mr Delivery and Prodigy Finance. Guasco was founding director of online buying website Twangoo before running Groupon in South Africa.
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The company said the investment was motivated by two factors: Click2Sure’s “modular and scalable” cloud-based technology that “disrupts the traditional face-to-face broker network, call centre and server-based industry”, and the experience of the founding partners, the company said.
Click2Sure, which was founded in 2017, and was selected as one of four fintech companies in the inaugural AlphaCode Accelerate programme. Its clients include Takealot, Uber, Guardrisk, Xiaomi, Pricecheck and Hyperli.
The investment in Click2Sure is the third such deal announced by Greenlight Re Innovations, which was launched in March 2018 to seek technology and innovation opportunities relating to the reinsurance and insurance markets.
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