India Digest: S Chand picks stake in AToZLearn; ZingBus in talks to raise funds
AToZLearn Edutech claims to make exam preparation faster.
Source: dealstreetasia.com
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Egypt's insurtech Amenli raises $2.3 million Seed
Egypt-based insurtech Amenli has raised a $2.3 million Seed round from GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC,...
Source: wamda.com
YC-backed Amenli raises $2.3M to provide insurance to Egyptian consumers – TechCrunch
The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. The insurance market is still one of the industries […]
Source: techcrunch.com