Turaco is a Kenyan-based startup founded in 2019 with a mission to provide accessible insurance products to underserved customers in Africa through technology-enabled, white-labeled partnerships with the region's top brands. The company's slogan, "Freeing people from the fear of financial shocks," reflects its vision to insure the next 1 billion people. With a focus on Financial Services, Insurance, Insurtech, Internet, Health insurance, and Life insurance industries, Turaco aims to serve as a safety net for individuals, ensuring financial security in the face of unexpected events.
In August 2022, Turaco secured a significant milestone with a $10.00M Series A investment led by a consortium of prominent investors including PUSH Ventures, Novastar Ventures, Asi Ventures, Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack Fund, and AfricInvest. This funding injection is a testament to the confidence these investors have in Turaco's disruptive approach to insurance provision in Africa.
Overall, Turaco's innovative business model, commitment to leveraging technology for wider financial inclusion, and strategic partnerships with leading African brands position it as a significant player in the insurtech space, particularly in the African market.
