Top 30 InsurTech Angel Investors in Africa in May 2026

Portfolio highlights

• Alpha Direct — Alpha Direct is a Botswana-HQ, Africa-focused risk carrying Insurtech that is focused on using cloud, big data and AI to deliver compelling insurance products for Africa’s growing consumer market.The insurance sector in Africa is underpenetrated vs most of the World. Given affordability, accessibility and inflexibility, insurance is seen asbeing a product “that is only available to the rich”.The company has become the fifth largest short-term insurance underwriter in their home market in under 5 years, and is now focused on regional and continental expansion across Africa as well as entering the long-term insurance market. The company has a strong stable of intellectual property including software, trademarks and patents. The company recently won The African Insurance Award for Innovation of the Year, for their insurance in a box product sold through retail outlets (with a cloud-based activation and policy management platform) where they have acquired thousands of customers and are scaling up rapidly. Over the next 5 years Alpha Direct plans to expand its product offering to include long-term insurance products as well to expand its footprint to include South Africa, Kenya, Egypt and Nigeria. Alpha Direct plans to license its products and technology in 10 African countries outside those where it has a physical presence.
• Magenta Mobility — Magenta is in business of 'Enabling electric mobility and Making electricity clean'. Magenta has four business divisions: 1. Magenta ChargeGrid - EV Charging Solutions 1. Magenta Power - Clean Energy Systems 3. Magenta Infomatics - Information Technology for clean energy 4. Magenta EVET - Electric Vehicle based transport solutions
• Concept Medical — Discover how Concept Medical transforms ideas into groundbreaking medical devices for cardiovascular interventions.

Portfolio highlights

• Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Ascendx Cloud — Supercharge Salesforce with connected apps that streamline sales, automate data, and drive enterprise-scale growth - Salesforce Solutions By Ascendx
• Firenze — Firenze aims to expand financial services by extending investment-backed lending to a wider audience, recognizing its importance in wealth creation and preservation. The founding team aims to democratize Lombard lending, making it accessible to all, while focusing on mass affluent clients.
• Isembard — Isembard has experience from the military, government, large enterprises, and a successfully exited technology business.

Portfolio highlights

• Zazuu — Zazuu is a platform for sending money across the border.
• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• 24SEVEN — 24seven.pk is using tech and data to digitize and disrupt the fresh food and FMCG verticals in one of the fastest-growing and rapidly evolving consumer markets in the world.

Portfolio highlights

• tushop — Tushop is a community group buying platform where members can sell groceries to those in their social networks and communities.
• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

Portfolio highlights

• Sipay — Sipay is a next-generation financial technology company offering a comprehensive all-in-one financial services platform. It enables B2B, B2C, and Sipay as a Service (Embedded Finance) customers to address all their banking and financial needs without requiring any other partners.
• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

Portfolio highlights

• TRIP — TRIP is the UK's most trusted CBD Oils and CBD Drinks Supplier. Shop the UK's best CBD oils available online with FREE UK Shipping.
• Plasma — Plasma is an operational setting that supports payments, real-world assets, and DeFi, with trustless settlement on Bitcoin.
• Enhanced Games — A global movement that develops scientific insights, medical discoveries and record-breaking sports events to unite humanity and inspire innovation.

Portfolio highlights

• Axis — With axis, you can send money to friends instantly and for free, buy anything online, request money from anyone, earn rewards and cashback, and understand your spending habits so that you can budget.
• Octo — Experience infinite possibilities with financial solutions tailored to fit your lifestyle. From swift payments to personalized credit options, Octo is here to make every transaction seamless.
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Knoma — Knoma offers a payment solution and marketplace for lifelong learning. The business is tackling the digital skills gap as the global economy shifts into the fourth industrial revolution. We help people looking to future proof their career or move into new areas of work by reducing the barrier of payment and removing the pain point of sourcingtechnical courses.The business is built upon the firm belief in the importance of lifelong education to drive improvements in our customers’ future prosperity. We believe education should be accessed in a short, but frequent manner; at a lower price point and a focus on gaining technical, digital and data skill-sets. All users can gain access up to £10,000, where the cost of a course can be spread over 12 months with flexible repayments. The product is completely free to all end users with no interest or fees applicable. Knoma works with leading coding and tech schools. We are a fun and driven team, ready to make an impact!
• Volume — Payment Infrastructure for the Internet
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• OKO — New generation crop insurance designed for emerging markets Droughts and flood insurance available from any mobile phone in Mali

Portfolio highlights

• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.

Portfolio highlights

• OKO — New generation crop insurance designed for emerging markets Droughts and flood insurance available from any mobile phone in Mali

Portfolio highlights

• SaveIN — SaveIN is your all-in-one Pay Later platform for healthcare, furniture, lifestyle, travel, consumer durables and more. Shop with 7000+ trusted merchants, split payments into No-cost EMIs, and enjoy seamless financing with zero down payment.
• Corgi Insurance — Corgi Insurance Services, Inc. ("Corgi") is an American technology company that operates an artificial intelligence (AI)-powered insurance carrier based in San Francisco, California. Corgi Insurance develops and operates a fully integrated insurance stack using AI agents to automate traditional carrier operations, becoming the world’sfirst “AI insurance company.” The company owns multiple subsidiaries operating under a dog-themed naming convention.
• Circleback — Get the most out of every conversation with AI-powered meeting notes, action items, automations, and search. Works with Zoom, Google Meet, Microsoft Teams, Slack huddles, and in-person conversations. Get started for free.

Portfolio highlights

• Kosa — Domain name KOSA.ai is a powerful tech-driven brand with a sleek, modern appeal. The name KOSA conveys a sense of intelligence and sophistication, making it perfect for AI-focused startups or businesses in the technology sector. As a short,
• Octamile — Octamile is Africa's best Embedded Insurance & Claims Automation solution for Insurers & B2C businesses. Get a quote today...
• Paystack — Over 60,000 businesses of all sizes use Paystack to collect payments with a modern, secure payment gateway.

Portfolio highlights

• 1Bstories — Helping publishers and brands increase engagement and conversions using AI. Mobile, vertical, 60 second video formats made in an instant. Tell your story today!
• Prosper — Prosper's offering includes fee-free investments in public market index funds, including fund fees, as well as SIPP and ISA wrappers.
• Gradient Labs — Our AI agent resolves complex customer service queries end-to-end. Delivering quality, efficiency and compliance at every step.

Portfolio highlights

• HUNTY — HUNTY is a platform that help people find jobs by connecting them with world class mentors who prepare them for the job search process. And people only pay when they get hired.
• BriteCo — Their cloud-based BriteCo Appraisal Management System is the gateway to making the jeweler’s life easier and more productive—-and customers happier and more secure with immediate insurance coverage of their fine jewelry and watches.
• Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.

Portfolio highlights

• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.
• Jerry — Jerry simplifies the expensive, frustrating, and time-consuming aspects of car ownership.

Portfolio highlights

• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.
• Jerry — Jerry simplifies the expensive, frustrating, and time-consuming aspects of car ownership.

Portfolio highlights

• Octamile — Octamile is Africa's best Embedded Insurance & Claims Automation solution for Insurers & B2C businesses. Get a quote today...
• Sleek — Sleek is a FREE browser extension that offers seamless checkout from every store on the internet AND gives you up to 25% cash back when shopping online.

Portfolio highlights

• Klump — Use Klump to buy now and pay later in instalments for up to 12 months! Businesses accept payments, increase conversion rates, and boost revenue. The Easy Life! Try it now.
• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.

Portfolio highlights

• Swvl — Swvl | Book Your Daily Ride or Make Money Driving Now
• Curve — Curve is a banking platform that consolidates cards and accounts into one smart card and app.It allows customers to supercharge their legacy banks to the 21st century without leaving their bank or topping-up. Curve offers a host of benefits to its customers; it makes cards fee-free when spending abroad, get instant notifications andcategorization of spend, earn an instant 1% cashback at the likes of Amazon, Uber, Netflix and Sainsbury’s and Time Travel enables customers to swap spend to a different card in the app for up to two weeks after the purchase was made. Curve also offers Curve Customer Protection, a policy that covers all credit and debit card payments made via the Curve card up to £100,000, giving cardholders an extra layer of protection for disputes with merchants and any unauthorised use of their Curve card. IDC Ventures backs Curve with Fuel Venture Capital, Vulcan Capital, OneMain Financial, and Novum Capital backs Curve.Shachar Bialick, Anna Mostyn Williams, and Tom Foster-Carter established the company in London, England in 2015.
• Click2Sure — We provide cloud-based Insurance SaaS solutions for omnichannel distribution, which can save costs & support data-driven decision making. Contact us today.

Portfolio highlights

• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.

Portfolio highlights

• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• HoyTrabajas — We are a C.Vs information exchange platform for candidates, employers, and recruiters, that get people access to low-skilled jobs in the Latin-American markets, enables recruiters to share job-seekers and job openings in real-time, and supports SMEs in the recruiting of their low-skilled jobs.
• Positive Food Co. — Delicious, fresh food

Portfolio highlights

• Bamba — Bamba is an android application allowing micro-merchants across Africa to run their entire business utilizing their phones. It focuses on simple tools for merchants to manage their customers, get paid, payout as well as takeout cash advances against their future cash flow.
• Faro — Every garment deserves to be worn. Leveraging technology and a specialised supply chain, FARO enables brands to offload obsolete inventory through stores in non-core markets, ensuring complete traceability throughout the process.
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Bourn — Bourn's technology is designed to automate cash flow management, offering SMEs fast access to capital.
• Capsa AI — Providing next-generation investors with a competitive edge.
• Embed — The regulated Payments Platform unifying crypto and fiat rails. Fung has launched early beta. Sign up to secure your spot.

Portfolio highlights

• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Bitmama — Bitmama is the best cryptocurrency trading platform that lets you buy, sell Bitcoin, ETH, Celo, USDT, XRP, and more. Available in Nigeria & over 100 countries.

Portfolio highlights

• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• OKO — New generation crop insurance designed for emerging markets Droughts and flood insurance available from any mobile phone in Mali