Kenyan Insurtech Lami Raises USD 1.8 Mn To Scale Insurance Platform

Lami Technologies, a Kenyan B2B and B2B2C insurance-as-a-service platform and API provider, has raised USD 1.8 Mn in seed funding to grow across Africa and improve its capabilities. Accion Venture Lab led the round with participation from AAIC, Consonance, P1 Ventures, Acuity Ventures, The Continent Venture Partners, and Future Africa.

The startup is a digital insurance network that allows partner businesses such as banks, tech firms, and other organizations to sell digital insurance products to their customers simply and seamlessly via its API. The funds will be used to improve the capabilities of its digital insurance platform and extend the company’s reach in Africa and better serve low-income communities.