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Lami Technologies secures Ksh. 192 million seed funding to enhance insurance products in Kenya Shares Lami Technologies, Kenyan insure-tech start-up, has received Ksh. 192,330,000 ($1.8 million) in seed money, to help provide tailored and affordable insurance products to the average African consumer. Lami also stated that it intends to use the seed investment to hire more people, improve its technology and grow its presence across Africa. The investment round was led by Accion Venture Lab, a seed-stage investment firm that supports financial services targeted at underserved markets. Other VCs...

Founded by Jihan Abass in 2018, Lami is a digital insurance platform that enables partner businesses – including banks, tech companies, and other entities to easily and seamlessly offer digital insurance products to their users via its API. Lami can also be used by partner businesses to manage their own insurance needs. Lami connects partner organizations, such as e-commerce platform Jumia, with underwriters and allows them to offer a superior customer journey. Through its API, users can get a quotation for motor, medical, or other tailored insurance products in seconds, then customize the ...

This tracker covers possible deals reported by media across Asia-Pacific over a certain period. The information is gathered from various news sources, excludes confirmed deals and is limited to potential acquisitions or sales involving companies or operations in the region. Click here to read the previous month's report. Australia and New Zealand emerged as bright spots for potential deals in Asia-Pacific's financial sector in March, as Westpac Banking Corp. kicked off a review of its New Zealand business and suitors lined up for the potential purchase of Commonwealth Bank of Australia's gene...