South African Insurtech Startup LeaseSurance Raises USD 161 K Seed Funding

South African insurtech startup LeaseSurance has raised ZAR3 million (USD 161 K) in seed funding in a round was led by Fedgroup Private Capital, to expand its team and further develop cutting-edge technology solutions for the real estate industry.

LeaseSurance uses financial technology to optimise assets in rental real estate by replacing security deposits with lease insurance. The platform offers a comprehensive B2B solution to rental real estate owners and operators, providing them with a data-driven risk engine and data platform to boost operating income and optimise portfolio performance.