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Top 10 InsurTech Angel Investors in Nigeria (October 2026)

The most active angel investors investing in Nigeria InsurTech startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Nigeria InsurTech startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Olugbenga Agboola
Angel
2 Nigeria, Kenya, United States Pre-Seed, Seed, Series A FinTech, Financial Services, Payments $625k–$7.5M
Babs Ogundeyi
Angel
2 Nigeria, Zambia, Pakistan Seed, Pre-Seed FinTech, Financial Services, Finance $780k–$6M
Brandon Krieg
Angel
1 Nigeria, United States Pre-Seed, Series B, Seed Insurance, FinTech, InsurTech $3.5M–$28M
Dale Mathias
Angel
1 Nigeria, The Netherlands Pre-Seed, Series A FinTech, Financial Services, Finance
Chris Adelsbach
Angel
1 United Kingdom, United States, Germany Seed, Pre-Seed, Series A FinTech, Financial Services, Software $118k–$19M
Musty Mustapha
Angel
1 Nigeria Pre-Seed Education, InsurTech, Insurance $3.5M–$4M
Opeyemi Awoyemi
Angel
1 Nigeria, United States Pre-Seed, Seed Payments, Software, InsurTech $200k–$4M
Shola Akinlade
Angel
1 Nigeria, Kenya, Rwanda Pre-Seed, Seed FinTech, Education, Insurance $192k–$4M
Honey Ogundeyi
Angel
1 Nigeria, United States Pre-Seed Bitcoin, FinTech, Ethereum $1.7M–$4M
James Park
Angel
1 United States, United Kingdom, Chile Seed, Pre-Seed, Series A Internet, E-Commerce, FinTech $935k–$100M
Access all 17 angel investors in Nigeria InsurTech startups.

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Investor list

Olugbenga Agboola
Angel · San Francisco, California, United States · 2 investments in Nigeria InsurTech startups

Olugbenga Agboola is based out of San Francisco, California, and is the Founder and Chief Executive Officer of Flutterwave. Olugbenga previously worked at Access Bank as a Head of Digital Factory and Innovation. Olugbenga Agboola attended EC-Council University. Olugbenga Agboola has been a Certified Ethical Hacker and a Security Analyst.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Nigeria, Kenya, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $1.5M–$7.5M; Pre-Seed $625k–$3.7M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Terra Industries — Terra Industries develops autonomous security systems and software platforms that support the monitoring and protection of physical assets, infrastructure, and operational environments across land, air, and maritime domains. The company provides unmanned vehicles, autonomous towers, and sensor-based surveillance hardware that collect and transmitdata for continuous situational awareness. Its software layer, built around an integrated operating system, processes sensor inputs, applies artificial intelligence models, and coordinates automated responses to detected events. Terra Industries designs its systems to support functions such as perimeter security, infrastructure monitoring, asset tracking, and threat detection within complex operational settings. The company’s platforms enable operators to manage multiple autonomous devices through a unified interface that supports mission planning, data visualization, and system control. Its technology is used by organizations that require coordinated security, monitoring, and response capabilities for facilities, remote sites, and distributed operations.
  • Lorum Finance — Lorum is the correspondent institution for banks and fintechs: programmable access to global clearing, named custody, and treasury on a 100% reserve model.
  • Fuse Financial Technologies — Financial APIs for building products in the Middle East.
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Babs Ogundeyi
Angel · Yaba, Lagos, Nigeria · 2 investments in Nigeria InsurTech startups

Cofounder and CEO of Kuda

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Zambia, Pakistan

Investor stats

  • Total investments: 12
  • Round size: Seed $2M–$6M; Pre-Seed $780k–$4M
  • Lead/follow: 0% lead, 100% follow

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 — Global payment infrastructure for businesses.
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Brandon Krieg
Angel · New York, New York, United States · 1 investments in Nigeria InsurTech startups

Brandon Krieg is the Co-Founder of Collective Returns, Inc. and has been its Chief Executive Officer since July 11, 2016. Brandon Krieg served as the President of Collective Returns, Inc. until July 11, 2016 and serves as its Executive Director.

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Investment focus

  • Industry: Insurance, FinTech, InsurTech
  • Stage:Pre-Seed, Series B, Seed
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 5
  • Round size: Pre-Seed $3.5M–$4M; Series B $28M–$28M
  • Lead/follow: 0% lead, 100% follow

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.
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Dale Mathias
Angel · 1 investments in Nigeria InsurTech startups

Dale Mathias

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Pre-Seed, Series A
  • Geography: Nigeria, The Netherlands

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

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.
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Chris Adelsbach
Angel · London, England, United Kingdom · 1 investments in Nigeria InsurTech startups

Chris Adelsbach - Founding Partner @ Outrun Ventures

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 322
  • Round size: Seed $120k–$5.6M; Pre-Seed $118k–$1.9M; Series A $4.3M–$19M
  • Lead/follow: 14% lead, 86% follow

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.
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Musty Mustapha
Angel · 1 investments in Nigeria InsurTech startups

Musty Mustapha - Co-Founder and CTO @ Kuda

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Investment focus

  • Industry: Education, InsurTech, Insurance
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $3.5M–$4M
  • Lead/follow: 0% lead, 100% follow

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.
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Opeyemi Awoyemi
Angel · Lagos, Lagos, Nigeria · 1 investments in Nigeria InsurTech startups

Opeyemi Awoyemi is the Founder and Managing Partner of Fast Forward Venture Studio and Fund. He previously worked at Moneymie as a Co-Founder. Opeyemi Awoyemi attended The Wharton School.

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Investment focus

  • Industry: Payments, Software, InsurTech
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 9
  • Round size: Pre-Seed $200k–$4M
  • Lead/follow: 33% lead, 67% follow

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.
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Shola Akinlade
Angel · Sunnyvale, California, United States · 1 investments in Nigeria InsurTech startups

Shola Akinlade s based out of Sunnyvale, California and currently works as the CEO for Paystack.

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Investment focus

  • Industry: FinTech, Education, Insurance
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria, Kenya, Rwanda

Investor stats

  • Total investments: 12
  • Round size: Seed $2.5M–$4M; Pre-Seed $192k–$4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Chowdeck — Order food, groceries, drinks, medicines & everyday essentials from top restaurants, pharmacies, local markets, and stores near you. Fast delivery with Chowdeck.
  • Myka.Insure — Myka is a insurance sales platform that enables individuals to sell insurance policies to their family, friends, colleagues, and community while earning income . It operates as a micro-entrepreneurship program where anyone (students, gadget sellers, car dealers, parents, retirees) can start their own insurance business with zero investment,flexible hours, and free training . The company is licensed by the National Insurance Commission of Nigeria and provides instant payouts to its partners .
  • 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.
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Honey Ogundeyi
Angel · 1 investments in Nigeria InsurTech startups

Honey Ogundeyi - Founder and CEO @ Edukoya

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Investment focus

  • Industry: Bitcoin, FinTech, Ethereum
  • Stage:Pre-Seed
  • Geography: Nigeria, United States

Investor stats

  • Total investments: 2
  • Round size: Pre-Seed $1.7M–$4M
  • Lead/follow: 0% lead, 100% follow

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.
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James Park
Angel · San Francisco, California, United States · 1 investments in Nigeria InsurTech startups

James is our Co-founder and has served as our Chairman since May 2015, as a member of our board of directors since March 2007, and as our President and CEO since September 2007. Previously, James served as a Director of Product Development at CNET Networks, as the President and a Co-founder of Wind-Up Labs, Inc. (an online photo-sharing companyacquired by CNET Networks in April 2005). He was also CTO and Co-Founder of Epesi Technologies, Inc., a software company. James attended Harvard College where he studied Computer Science. He was selected to serve as a member of our board of directors due to the perspective and experience he brings as our Co-Founder, President, and CEO.

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Investment focus

  • Industry: Internet, E-Commerce, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, Chile

Investor stats

  • Total investments: 28
  • Round size: Seed $1.6M–$9M; Pre-Seed $935k–$2M; Series A $3.7M–$100M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
  • HoyTrabajas — HoyTrabajas is an HR-Tech solution designed to assist companies in Latin America facing high turnover rates in swiftly attracting and retaining low-skilled talent within a timeframe of fewer than 48 hours.
  • Positive Food Co. — Delicious, fresh food
Show all investments...

InsurTech Angel investor funding in Nigeria at a glance

Stats across 3 deals from 17 investors.

17
investors
in Nigeria InsurTech startups
3
deals
in Nigeria InsurTech startups
$3M
median round
in Nigeria InsurTech startups
0%
lead investors
lead at least one round
67%
Pre-Seed
most common funding stage

Access all 17 angel investors in Nigeria InsurTech startups.

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