BIMA Books $7M to Provide Insurance via Mobile in Emerging Markets
LeapFrog Investments has made a $4.25 million investment in BIMA, a developer of mobile insurance software for mobile operators and insurance companies in emerging markets, as part of a $7 million equity round.The balance of the financing came from existing shareholders, a news release from the firm said. Valuation wasn't disclosed.
BIMA's service provides insurance to people in emerging markets via their mobile phones, bridging traditional insurance companies and mobile operators. It was founded in 2010 and said it now insures nearly four million people in Ghana, Tanzania, Senegal, Mauritius, Bangladesh and Sri Lanka.
The company, whose name means insurance in Swahili, Bengali and Hindi, is based in Stockholm and is incorporated as Milvik AB.
In January Leapfrog said it planned to invest $7.5 million in a strategic partnership with Nigerian financial company Asset and Resource Management Co., majority owner of CrystaLife Assurance PLC, to grow CrystaLife's sales of life insurance in Nigeria.
- Global mobile financial services technology provider.
- Innovative Mobile Wallet service in Ghana.
- Serves both mobile and e-payment needs in the Nigerian market place.
- splash is Sierra Leoneís first mobile payment system.
- Teasy is an innovative Nigerian based mobile payment company
- EASY, INSTANT and CONVENIENT way of sending cash at ANYTIME, ANYWHERE, to ANYONE on ANY NETWORK
- Stanbic MobileMoney Agent at Shoprite
- Stanbic MobileMoney Stand at Shoprite
- Visit to Management of Comviva,India
- Agency field work with FortisMM, Ibadan
- Agency activities with FortisMobile,Ibadan
- EazyMoney Agent training, Lagos state
- EazyMoney Agent training, Oyo State.
- EazyMoney Agency Training, Edo State
- EazyMoney Agent Training
- Group visit to Tigocash,Ghana
- TigoCash Agent branding stand, Accra
- TigoCash Agent outlet, Accra
- Tariff Table, TigoCash Ghana.
- Field work in Enugu State.
- Agent in Enugu State.
- Agency Field work in East of Nigeria.
- Merchant ID
- Splash MobileMoney Call Center Team
- Agent group Training, Lagos
- Agent group training, Lagos
- Splash MobileMoney, Sierra Leone
- Visit to Splash MobileMoney, Sierra Leone.