Explain your job to a five-year-old
I help people do a bunch of everyday activities (like moving around their cities) more effectively using technology.
What’s the first career you dreamed of having as a kid?
I remember dreaming about being a physicist early on. I was really captivated by cosmology and the universe growing up, and in many ways, I still am.
What s something you wish you knew earlier in career/life?
Be the river, not the boat.
What s the best advice you ve ever received in your career?
Always be learning and if you re no longer learning, do something else. Take time to appreciate and enjoy every stage of the journey you can t control everything, but you can control how you react. Grow where you re planted take advantage of your unique circumstances, background, and personal expertise to make a unique impact.
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Lami Technologies secures Ksh. 192 million seed funding to enhance insurance products in Kenya
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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 that participated include AAIC, Consonance, P1 Ventures, Acuity Ventures, The Continent Venture Partners and Future Africa.
Apple’s under the radar acquisition spree
Female-led Kenyan Insurtech raises $1.8 million
Carry1st’s payments solution for gaming spurs $6 million Series A
In the three years since its launch, Carry1st has become a medium for bringing mobile gaming from global companies to Africa. The Cape Town-based company realised that developers have had problems with distribution and payments in Africa.
They decided to solve that by embedding a fintech solution, Pay1st, on their platform. Pay1st features popular payment methods from six African countries, giving African gamers on Carry1st the ability to pay how they want.
The result: The startup just raised a $6 million Series A round to take advantage of the stability and opportunity they have found. The round was led by Konvoy Ventures, an early-stage VC firm based in Colorado, U.S.A.
Kenya’s Lami raises $1.8M to scale API insurance platform across Africa
Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded, this number drops to a measly 1.12%.
Unlike other parts of the world, most African insurance providers neglect the importance of tailored and affordable insurance products to the average African consumer. Lami Technologies, a startup out of Kenya armed with $1.8 million in seed money, is looking to change that.
The round was led by Accion Venture Lab, a seed-stage investment firm that supports financial services targeted at underserved markets. Other VCs that participated include AAIC, Consonance, P1 Ventures, Acuity Ventures, The Continent Venture Partners and Future Africa.
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