Britam invests Sh5m in credit, microinsurance startup Oye

BetaLab, was launched to co-create and invest in solutions that bridge the gaps in insurance and financial inclusion in underserved markets.

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Britam’s insurance innovation lab, BetaLab, has invested Sh5 million in Oye, a fintech platform to expand access to fuel on credit and personal accident insurance for Kenya’s boda boda riders, millions of whom remain financially vulnerable.

This partnership offers key benefits for those in the informal transport sector. Britam’s Personal Accident Cover has been integrated into the Oye platform, providing riders with easy access to insurance.

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