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Pula Product Shot Leading Insuretch for Africa’s smallholder farmers closes latest round from TLcom Capital and Women’s World Banking Pula, an African InsureTech service provider that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise. The Series A fund was led by TLcom Capital, with the participation of Women’s World Banking. The new investment will be used to scale up operations in the company’s existing 13 markets across Africa. Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers. ....
African leading Agricultural technology insurance company popularly known as Pula has won the Insurtech of the year award during the 6th Annual African Insurance awards that recently took place in Lagos, Nigeria. Pula Co-founders A smallholder farmer in his field Pula develops and deploys crops and livestock insurance to smallholder farmers and the award is the recognition of how the company has managed over 4.3 Million smallholder farmers through their area risk index and yield insurance product. The company also packages digital services that include providing SMS agronomy tips during planting season and it has also implemented the crop cut experiment as claim assessment methodology. This assessment relies heavily on grounds crop cuts and it’s fed on mobile apps which relay instant feedback. ....