Top 30 InsurTech Angel Investors in Africa (July 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

• Alaan — Take control of your business spend.
• Science — Fearless pursuit of medicine's hardest problems
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Science — Fearless pursuit of medicine's hardest problems
• Voyage Foods — Voyage Foods has made sustainable and scalable alternatives to foods that have current obstacles –environmental, social, and health alike. Our breakthrough technology provides endless opportunities to make delicious, nearly identical, versions of beloved foods, without compromising individual health or our planet. We replicated the world’s favoritefoods so that we can all enjoy them, forever.
• 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

• 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

• 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

• 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.
• Maplerad — Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.

Portfolio highlights

• Opontia — Opontia was founded by e-commerce experts, to provide a fast and fair way for small e-commerce business owners to sell their companies.
• HelloCurve — Curve is an AI-powered Voice and Customer Intelligence Platform for Modern Sales & Support teams. Curve provides you with a business phone and call center quality technology through the cloud. We are reimagining CX through with our integrated Voice and Customer Intelligence Platform. With Curve, you can conduct customer conversationseffortlessly and extract deep insights with speech to text transcription, sentiment analysis, conversation auto-tagging, and seamless CRM integrations. Managers can elevate QA, pinpoint training opportunities, identify customer trends, and improve team collaboration.
• 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

• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.
• Kwik — Your parcels delivered on-demand, safer, cheaper - Soon in Lagos

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

• 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

• 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.
• Paystack — Over 60,000 businesses of all sizes use Paystack to collect payments with a modern, secure payment gateway.
• Bamba — Today, organizations spend a lot of money on physical data gathering exercises using old-fashioned paper-based methods. These methods result in expensive, severely delayed and incomplete data . With Bamba, a client can launch a data collection exercise anywhere in the world simply from the comfort of their web browser and the client can ensureindividuals respond with complete answers by paying those individuals for that data with mobile airtime in 122 different countries thus far.

Portfolio highlights

• Bourn — Bourn's technology is designed to automate cash flow management, offering SMEs fast access to capital.
• Alfa AI — Alfa AI is a recruitment technology company specializing in AI-driven hiring solutions.
• Emblematic — The first AI-driven Agentic Automation platform, designed to fully automate and enhance the accuracy of Finance Operations, including Bookkeeping, IFRS/GAAP Compliance, Reconciliations, and more.

Portfolio highlights

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

Portfolio highlights

• Tzafon — Tzafon's vision is to broaden the lightcone of awareness by pushing the boundaries of machine intelligence, striving to extend the frontier of what intelligent systems can perceive, understand, and contribute.
• 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.
• Kontigo — We help underbanked gig workers in Latam build credit and access group financing where small groups of family or friends lend and save money together. Users can validate their income from multiple sources such as gig apps, catalog sales, and open finance (Uber, Rappi, Didi, Indriver, Avon, and all major banks). After verifying the income wedirectly offer them group savings and group loans, without leaving WhatsApp, their primary messaging app.

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

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

Portfolio highlights

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

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.
• 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

• 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

• IMRSV — IMRSV is a technology company using computer vision for real-world, real-time data analysis. IMRSV's Cara software is a breakthrough in perceptive computing. Cara turns any webcam into an intelligent sensor enabling new methods of interacting with objects and spaces. Using a basic webcam, anyone can anonymously measure audience gender, age,attention time and glances in real world environments. Use cases include adaptive advertising, retail analytics and internet of things applications. Based in New York City with offices in Singapore, the company is privately backed by various investors.
• Vendelux — AI-Powered Event Intelligence Platform with speaker, sponsor and attendee data covering over 250,000 trade shows and conferences.
• 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

• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• Emobi — Emobi is the leading EV charging ecosystem that delivers a single point of integration. The company’s products offer instant access to a vast network of charging stations and e-mobility partners through its advanced AI and data refinement models. As the largest roaming ecosystem in North America, Emobi enables Plug & Charge technology,facilitating automatic charging identification between EVs and chargers.
• 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.

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

• 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

• Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.
• Earnipay — Earnipay is Nigeria's trusted e-invoicing partner. As an accredited NRS and NITDA systems integrator, we deliver secure, compliant invoicing for every business.
• Alvin — Alvin is a powerful mobile app that automatically creates and adjusts your budget to help you meet your goals.

Portfolio highlights

• Feather — Feather gives you insurance advice for expats in Germany. Our digital insurance agent will help you get the right insurance policies for your need.
• 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!
• Gradient Labs — Our AI agent resolves complex customer service queries end-to-end. Delivering quality, efficiency and compliance at every step.

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.
• Kuda — Kuda is a full service digital only bank with a mission to bank every African on the planet. Kuda was founded in 2019 by Babs Ogundeyi and Musty Mustapha and is Headquartered in London