Turaco: Secures $10 Series A

Turaco: Secures $10 Series A

  • Turaco is a micro-insurtech company changing healthcare financing in emerging markets
  • Announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund
  • The round also included participation from Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack
  • Founded in 2019 a distributor, broker, and key customer interface between the underwriter and the end consumer
  • The insurtech company’s mission is to free people from the fear of financial shocks caused by unexpected health risks
  • Through its active partnerships, the insurtech has designed and delivered a suite of bespoke medical
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks.Highlights: FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...

Stablecoin Bank Kontigo Suffers Cyber Attack, Disrupting Operations

The cyber incident raises concerns about security in fintech.Highlights: Kontigo, a prominent stablecoin bank, experienced a cyber attack.The...