FSD Africa has unveiled a $30 million venture fund at the BimaLab Africa Insurtech Summit 2025 to boost insurance innovation across the continent. #Insurtech #Innovation buff.ly/gDYsmfc

FSD Africa launched a 30 million US dollars Inclusive Insurtech Investment Fund at the BimaLab Africa Insurtech Summit in Nairobi to support early-stage insurance startups. A new regulatory assessment toolkit was also introduced. Read More: birrmetrics.com/fsd-africa-l…

10. FSD Africa has launched a $25M to 30M Inclusive Insurtech Investment Fund to address Africa’s widening insurance protection gap. The Fund will scale early stage insurtechs emerging from BimaLab, FSD’s accelerator that began in Kenya in 2020 and has since supported over 135 startups across 28 African countries including Uganda, Rwanda, Egypt, Morocco, Nigeria, Ghana, Zimbabwe, and Malawi.

FSD Africa has launched a $25M to 30M Inclusive Insurtech Investment Fund to address Africa’s widening insurance protection gap, where nearly 80% of natural-disaster losses went uninsured in 2022. The Fund will scale early stage insurtechs emerging from BimaLab, FSD’s accelerator that began in Kenya in 2020 and has since supported over 135 startups across 28 African countries including Uganda, Rwanda, Egypt, Morocco, Nigeria, Ghana, Zimbabwe, and Malawi.

Bimalab Insurtech summit 2025 starts right now. #Bimalab2025

Kesho kama utakuwa at Sarit for BimaLab Africa, just know all the designs you'll be seeing are by yours truly. What a day!

@ira_kenya will join FSD Africa this Wednesday & Thursday (26–27 November 2025) at the BimaLab 2025 Demo Day & Annual Insurtech Summit at Sarit Expo Centre. #IRAKenya #BimaLab2025 #Insurtech

Collaborate Lagos & Anzisha prize

🔥 This Week’s Africa Startup & Funding Digest Inclusive Insurance Innovation Challenge 💰 ₦30M grant for innovators designing solutions that protect lives, livelihoods & businesses. By @UNDPNigeria @BimaLab @Fsd_Africa 🎯 Eligibility: Product/service/idea for underserved populations 🗓️ Deadline: Oct 30, 2025 🔗 Apply: undp.org/nigeria/news/inclus… KAC-Afrika GmbH – Clean Innovation Call 🌿 Seeking high-potential startups driving Africa’s clean innovation wave. 🎯 Eligibility: Startups anywhere in Africa 🗓️ Deadline: TBD 📧 Send pitch deck → info@kac-afrika.de or 🔗 kac-afrika.de 📄 Pitch Desk Requirements: Revenue, Forecasts, Team & Your ASK GROW 3.0 by @OpenStartup12 🚀 Investment-readiness program for tech founders 🎯 Eligibility: Seed-stage, sector-agnostic startups with validated MVP 🗓️ Deadline: Nov 2, 2025 🔗 Apply: f6s.com/open-startup-grow-pr… Collaborate Lagos (@LagosAot 7.0) 💵 ₦25M prize pool mentorship, investor access & ecosystem visibility. 🎯 Eligibility: Lagos-based startups in FinTech, HealthTech, AI, AgriTech, EduTech, or Circular Economy 🗓️ Deadline: Nov 7, 2025 🔗 Apply: aotlagos.com/collaborate-lag… @anzishaprize Venture Building Fellowship 2026 💰Over $140,000 in support (coaching, resources & cash) to help young founders scale. 🎯Eligibility: Entrepreneurs across Africa 🗓️ Deadline: Nov 7, 2025 🔗 Apply: ala2.submittable.com/submit/… Digital & Green Innovation Acceleration Program 🌱 Seed funding for digital solutions driving sustainability & climate resilience @WFP 🎯 Eligibility: Early-stage for-profit startups in Kenya, Ethiopia, or Uganda 🗓️ Deadline: Nov 10, 2025 🔗 Apply: f6s.com/digital-green-challe… 👉 Tag a founder 🔁 RT to spread 📩 Follow @all_thingsvc for weekly drops #Startups #Funding #Accelerators #TechInAfrica #WomenInTech #ClimateTech

Call for Innovators! The Inclusive Insurance Innovation Challenge is now open — powered by UNDP Nigeria, BimaLab Africa & FSD Africa 🇳🇬 Got bold ideas to make insurance more inclusive in Nigeria? 📅 Oct 30, 2025 🔗 bit.ly/4nakxQ8 #Innovation #InsurTech #Impact

Do you have a bold idea that can make insurance work for everyone? Here’s your chance to turn it into impact!   Join the Inclusive Insurance Innovation Challenge,  powered by @UNDP’s Insurance and Risk Finance Facility, and BimaLab Africa, where innovators across Africa are to reimagine how insurance can protect lives, livelihoods, and businesses.   Apply by 30th October 2025 🔗 [bit.ly/4nakxQ8]

📢 Join Us in Shaping the Future of Insurance in Tanzania! BimaLab Africa is calling for applications for its 2025 Accelerator Program! 🚀 
FSDT is on a mission to transform the insurance landscape in Tanzania by empowering innovative Insurtech startups to bridge the protection gap and drive financial inclusion.   You have the power to help us reach the most promising innovators across the continent. Apply for  this opportunity be a part of the next wave of Insurtech changemakers. 🌍 Why Apply?
✅ Access to industry-leading mentorship;
✅ Strategic partnerships with regulators and investors;
✅ Technical assistance and market insights;
✅ Pathways to funding and scaling. 📅 Applications are open until 23rd May 2025
🔗 Apply here: bimalab2025.fsdafrica.org/   Together, let's build a more inclusive and resilient insurance ecosystem for Africa! #BimaLabAfrica #Insurtech #FinancialInclusion #DigitalInnovation #AfricaStartups #FutureofInsurance

Are you an insurance innovator looking to make an impact in the industry? The BimaLab Africa Insurtech Accelerator Program is accepting applications. Led by FSD Africa in partnership with IRA, the BimaLab program has been driving innovation in the insurance industry since 2020.

La 2e édition du Sommet BimaLab Africa Insurtech, organisée conjointement par l’ACAPS et FSD Africa, a mis l’accent sur la nécessité d’intégrer les technologies pour des solutions innovantes afin d’offrir une couverture pour toutes les catégories de populations. L’objectif est de proposer une assurance pour tous. 🔗lavieeco.com/affaires/secteu…

| Power of 7 letters word | -Bitcoin is 7 -Babylon is 7 -BimaLab is 7 Good or bad sign? Definitely a good sign. We keep building @bimabtc

🌟 @bimabtc 即将登陆 Glyph！🌟 Bima Labs是 BTC 支持的稳定币 USBD 背后的推手。这一稳定币赋予了 BTC 持有者将其比特币转化为合成挂钩的 BTC 的能力，以在多个区块链上用作抵押 💡 #GlyphExchange 即将与 #BimaLab 共同见证创新时刻！ @bimabtc 来到 Glyph，为 BTC 持有者带来全新的跨链抵押体验

One of BimaLab Ethiopia’s cohorts, eQUB, signs a deal with Awash Bank, taking their fintech solution one step further. eQUB's product enables users to access loans without interest charges based on their savings amounts, digitizing community savings practice known as Ekub.


🌟 End of Day Highlights from the AIR Conference 2024 in Kampala, Uganda! Its been a great 3 days in Kampala, Uganda, that culminated with today's just concluded Africa Innovation for Resilience (AIR) Conference 2024 hosted by FSD Africa in partnership with the Insurance Regulatory Authority (IRA) Uganda. During today's conference, Elias Omondi who is the Principal for Innovation for Resilience at FSD Africa shared 10 impressive highlights around what BimaLab Africa (BimaLab) has achieved during the past five years as well as the current state of insurance on a Pan-African basis. 📊 BimaLab Africa's Impact: 1/ On average, insurance reaches less than 3% of the population across African markets. 2/ Losses due to being uninsured have risen from 56% to 80% due to climate and economic-related incidents. 3/ 3.6 million people are now insured in Africa through BimaLab Africa initiatives. 4/ BimaLab aims to have 100M Africans insured out of the current 1.4B population on the continent through its partnerships and initiatives. 5/ 1.6M people are insured in Ghana already via BimaLab enabled initiatives and partnerships. 6/ BimaLab has formed 30 partnerships with financial institutions across Africa. 7/ BimaLab has helped insurtechs raise US$30M in catalytic capital to date. 8/ Just last week, US$3M was raised for one of the insurtechs that BimaLab is working with in Africa. 9/ BimaLab has worked with 75 insurtechs across Africa to date. 10/ BimaLab is currently developing and rolling out sandboxes with insurance regulators across Africa to help insurtechs build and test their offerings securely. 🔍 BimaLab is an initiative from FSD Africa aimed at enabling innovation in the insurance sector across Africa. By supporting insurtechs and working closely with regulators, BimaLab seeks to increase insurance penetration and ensure that more Africans are protected against various risks. The program offers mentorship, funding, and a collaborative platform to develop and scale innovative insurance solutions. 💼 This Week's Workshops & Conference: These were filled filled with dynamic workshops and engaging conference panel discussions and presentations aimed at building capacity and enhancing collaboration among insurtechs, insurers, and regulators. There were innovative solutions presented designed to drive sustainable resilience in Africa's insurance sector, with active participation and knowledge sharing from all attendees. #AIR2024 #BimaLab #Insurtech #InsuranceInnovation #Resilience #AfricaInnovation #Insurance #Collaboration #SustainableResilience #Highlights #FinancialServices #Uganda #Kampala #Fintech #DigitalFinance #DigitalFinancialServices #Technology #DigitalTransformation #Africa #Kenya #BFSI #DFS #Innovation #FinancialInclusion @EliasOmondiX @FSDKe @fsduganda @FSDAfrica @SwissRe @FSD_Network @IraUganda

BimaLab program was set up by @FSDAfrica to address challenges that insurtechs are facing such as lack of technical capacity, access to funding, access to strategic partnerships, and regulatory barriers - Amos Lugoloobi, Minister of State @mofpedU representing Minister @MatiaK5 @IraUganda #Insurtech #BimaLab2024 #insurance

I'm in Kampala, Uganda, this week for the Africa Innovation for Resilience Conference 2024 being hosted by FSD Africa's BimaLab Accelerator in collaboration with the Insurance Regulatory Authority (IRA) Uganda. The conference will address the critical challenges posed by climate change and economic disruptions across Africa. BimaLab offers hands-on venture-building support to high-impact insurtech startups that improve the resilience of underserved and climate-vulnerable communities. It focuses on building strong innovation ecosystems by activating investors, capacity-building networks, and corporate institutions to unlock capital, attract talent and share knowledge about insurance solutions tailored to those communities’ needs Yesterday and today is focussed on workshops being attended by BimaLab Ecosystem members to connect, share ambitions and lessons, and begin designing products and solutions for integrating innovation and building resilience from an Insurtech perspective. Its an impressive assembly of participants from all corners of the African continent with truly unique insurtech propositions. As part of the learning process for the participants from both insurtechs and insurance regulators attending the workshops, we visited Turaco yesterday afternoon which operates both as a microinsurance broker and insurer in Uganda and their General Manager Hamza Mutebi gave us a detailed talk on who they are and how they operate. Turaco targets underserved segments of the market with their microinsurance offerings using a business-to-business model where partners like mobile networks deliver their offerings to their market. A big part of how Turaco operates is that they leverage technology in a myriad of ways across all their business processes. This makes their operations highly efficient, effective and sustainable. As of the talk we got yesterday, Turaco has 500,000 or so customers in Uganda alone through their partnerships in addition to their millions of customers in Kenya, Ghana and Nigeria with Tanzania coming online soon. They also use artificial intelligence (AI) in processing claims, fraud detection, customer service, and everything in between. As it turns out, Turaco is one of the success stories from BimaLab who helped them since their inception in 2018 to finetune their business model, secure funding and also scale up across 4 African markets. One thing is clear - insurance through technology via insurtechs is a strategic imperative and opportunity for the majority of countries in Africa! #Insurace #Uganda #Africa #Insurtech #DigitalFinance #FinancialServices #BFSI #Fintech #Innovation #Turaco #MicroInsurance #FSDAfrica #Kampala #AI #ArtificialIntelligence #GenerativeAI #GenAI #BimaLab @fsduganda @FSDAfrica @bimalab @turaco_insure @FSDKe