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Pula, a Kenyan insurtech startup that specialises in digital and farming insurance coverage to derisk millions of smallholder farmers across Africa, has closed a Series An investment of $6 million. The round was led by Pan-African early-stage venture capital firm, TLcom Capital, with participation from not-for-profit Ladies’s World Banking. The raise comes after Pula closed $1 […] According to her, Pula has understood not to sell insurance straight to small-scale farmers, due to the fact that they can suffer from optimism predisposition.”When Thomas and I introduced Pula in 2015, we had one goal in mind: to build and deliver scalable insurance services for Africa’s 700 million smallholder farmers,” Goslinga said. Not only did the set raise the very same round, Apollo Farming and Pula both deal with supplying monetary resources to smallholder farmers.”The capacity for the insurance coverage market for smallholder farmers in Africa is substantial, and under the leadership of Rose and Thomas, Pula has actually quickly established a strong existence throughout the continent and has several prominent customers on their books. …
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