Nairobi insurance startup Pula raises Sh600m in venture funding
Monday January 25 2021
By BRIAN NGUGI
Summary
Kenyan agriculture insurance startup Pula has raised $6 million (Sh660 million) from global venture capital backers for local and regional expansion.
The Nairobi based Pula that specialises in digital and agricultural insurance to derisk smallholder farmers across 13 markets in Africa said the funding will help boost its local expansion in Kenya and beyond the African continent.
Last year, Pula won the InsurTech of the Year Award during the sixth annual African Insurance Awards at an event held in Lagos, Nigeria.
Kenyan agriculture insurance startup Pula has raised $6 million (Sh660 million) from global venture capital backers for Africa and Asia expansion.
Tanzania: Pula Scoops 2020 Insurtech of the Year Award for Supporting Smallholder Farmers
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Daily Monitor
Monday December 21 2020
Summary
On top of the area yield insurance, Pula bundles digital services for the insured farmers eg sms agronomical tips during the planting season.
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Pula, a Kenyan leading agricultural technology company that develops and provides crops and livestock insurance last Friday scooped the continent’s InsurTech company of the year award during the 6th annual African Insurance Awards held in Lagos, Nigeria.
The award which targets non-insurers collaborating with insurers to improve customer service delivery, product development and innovation was organized by the Agrican Reinsurance Corporation (Africa Re).
The company was recognized for successfully managing over 4.3 million smallholder farmers through their Area Risk Index and yield insurance product. It provides insurance services and digital solutions to farmers in Africa.
Kenyan firm feted for growing crop insurance in the region
Monday January 25 2021
By ADONIJAH NDEGE
Summary
The Kenyan company, which operates in 11 other African countries, carried the day for its role managing over 4.3 million smallholder farmers through their Area Risk Index and yield insurance product.
The Nairobi-based company operates “class index insurance products to manage farmer’s risks and enable them to invest more in their farms”.
They work with companies, governments, agricultural companies and lenders among other partners to “to bundle insurance with farm input products or loan credit”.
Agricultural technology insurance firm Pula Friday won the InsurTech of the Year Award during the sixth annual African Insurance Awards at an event held in Lagos, Nigeria.
THE STANDARD By
Fredrick Obura |
December 19th 2020 at 07:40:00 GMT +0300
Pula, a Kenyan company operating in 12 African countries has won the InsurTech of the year award during the 6th annual African insurance awards event in Lagos, Nigeria on Friday 17.
This comes as a result of the firm’s experience in managing over 4.3 million smallholder farmers through their Area Risk Index and yield insurance product.
Pula carries out Crop Cut Exercise on farms after harvest to determine compensation for farmers. As a result, smallholder farmers have received total compensation of up to 20 million USD.
Pula co-founder Thomas Njeru said the award is a recognition for the company s efforts in Agriculture Insurance and promoting farmers in livestock and crop farming to food security.
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