Africa | September 9, 2020

BIMA raises $30 million to offer low-cost microinsurance

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, September 9 – Stockholm-based BIMA provides mobile health, life and accident microinsurance to first-time customers. It has issued more than 35 million policies in Asia and Africa.

COVID has spurred a surge in demand for its telehealth consultations and health policies.

China-based fintech investor CreditEase Fintech Investment Fund led the funding round. Existing investors LeapFrog and Allianz also participated.