Nigeria's Curacel Raises $3m Funding to Power Insurance Offerings and Expand Into North African

Curacel, a Nigerian insurtech firm, has raised US$3 million in initial funding to launch new solutions and assist its expansion into North Africa. Curacel uses artificial intelligence to streamline African insurers' claims processing and fraud monitoring processes.Curacel was established in 2017 and uses automation to speed up and improve the insurance claims process by automatically screening them for fraud, waste, and abuse.After starting as an EHR, the firm pivoted to become an insurtech infrastructure provider, enabling insurers and partners in Africa and other emerging markets to expand the availability and utility of insurance through the use of cloud-based tools and application programming interfaces.Curacel, a company that will be part of the Winter 2022 cohort of Silicon Valley's prestigious Y Combinator accelerator, released a new product last year called Grow to facilitate the more efficient distribution of insurance to millions of Africans through partners like Barter by Fl...

Thanks for reading. To read the rest of the article please log in or join now!

Login     Join Now