Curacel, an artificial intelligence powered platform for claims processing and fraud management in Africa, has just announced a $450k pre-seed funding round to help the company accelerate product growth and expansion plans across the continent.
Atlantica Ventures and Consonance led the funding round, with Kepple Ventures and other angel investors joining in.
In a statement, Curacel co-founder and CEO Henry Mascot says, “We are delighted to have these investors on board and we look forward to working with them to push our mission of expanding insurance inclusion across Africa.” “Through our unique, market-leading products and services, Curacel is ideally placed to protect livelihoods and enhance quality of life.”
“The African insurance market represents a major growth opportunity,” said IK Kanu, a partner at Atlantica Ventures, “and we are pleased to be partnering with Curacel to accelerate growth in this sector.”
The funds will be used to help Curacel achieve its aim of becoming Africa’s leading provider of embedded finance technology for insurance by the end of 2021, as well as to promote insurance inclusion across the continent.