Kenya’s insurtech startups have attracted an estimated Sh8.54 billion ($66 million) in venture funding over the past five years, cementing the country’s position as one of Africa’s leading innovation hubs in insurance technology.
The inflows place Kenya second on the continent behind South Africa, which leads with about $142 million (Sh18.38 billion). Nigeria follows closely with about $54 million (Sh6.99 billion), according to data compiled in the latest African insurtech landscape report by AfricInvest.
