AXIAN Group Acquires Stake in Ivorian Insurtech WiASSUR

The pan-African AXIAN Group, through its subsidiary AXIAN Investment, has acquired a stake in WiASSUR, an insurance start-up based in Côte d’Ivoire. The deal amount was not disclosed, but reportedly, AXIAN has become the second-largest shareholder in WiASSUR. As part of the deal, AXIAN will assume a governance role to contribute actively to the company’s development.

Founded in 2019 by Teva Fontaine, WiASSUR is a 100% digital insurance broker that aims to reshape the relationship between insurers and clients by placing customers at the core of the insurance model. Users can compare all available market offers, regardless of risk, and subscribe to individual or business insurance products through its platform.

WiASSUR also allows its customers to manage their contracts online via a dedicated client portal, where they can track and manage claims. The start-up strives to transform the insurance sector by offering a fully digitized customer experience and optimized solutions to meet its clients’ evolving needs.