MyCover.ai (Techstars '22)

MyCover.ai (Techstars '22) is a Nigerian insurtech startup on a mission to "Democratize access to insurance in Africa with our open insurance API." Founded in 2021, the company aims to make insurance more accessible in Africa through product innovation and technology. MyCover.ai enables innovators to seamlessly embed insurance into their offerings or launch new insurance verticals, revolutionizing the way Africans utilize and experience insurance. The startup's AI-powered claims management service is designed to help insurance companies streamline their claims processes, reduce fraud, and ultimately deliver great experiences to customers. In 19 July 2023, MyCover.ai secured a significant $1.25M Pre Seed Round investment from a noteworthy group of investors including Techstars, Founders Factory Africa, Ventures Platform, and Techstars Toronto Accelerator. With a focus on the insurance and insurtech sectors, MyCover.ai is positioned to play a pivotal role in shaping the future of insurance accessibility and customer experience in Africa. The company's innovative approach and substantial backing from prominent investors make it a compelling player in the evolving insurtech landscape.