Côte d’Ivoire Insurtech Startup EnvoyX Joins Baobab Network

Côte d’Ivoire based Insurtech startup EnvoyX gets investment from Pan- African startup accelerator Baobab Netwrok. This is Baobab’s first investment in the country.

Founded in 2023 by Loubao Kraka, EnvoyX facilitates payment processing in the healthcare industry. It deploys sophisticated AI-powered solutions to ensure swift and efficient invoice resolution and increase operational efficiency.

Early this month, Baobab Network acquired a South African branding and marketing company called Reflector Marketing. Last year, the accelerator infused USD 50 K into five African early-stage startups.