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Lami logo — On a mission to break the 3% insurance penetration barrier i...

Lami

On a mission to break the 3% insurance penetration barrier in Africa.

Founded 2019 Kenya Nairobi, Kenya 37 employees Seed Total: $5.58M Financial Services, Insurance +1

General Information

Company Name Lami
Founded Year 2019
Location Kenya Nairobi, Kenya
Employees 37
Industries Financial Services, Insurance, Insurtech
Funding Stage Seed
Social

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About Lami

Lami is a disruptive startup in the Financial Services and Insurtech industries, founded in 2018 with its headquarters in Kenya. The company's slogan, "On a mission to break the 3% insurance penetration barrier in Africa," reflects its ambitious goal. Lami is making waves in the insurance sector by democratizing and transforming insurance through its powerful platform solution. Their innovative technology simplifies the process of integrating various coverage types into enterprises. Their last investment round on 02 August 2022 raised an impressive $3.70M, with significant backing from notable investors including Harlem Capital, Future Africa, Newtown Partners, Peter Bruce-Clark, Caribou Honig, and Jay Weintraub. Lami's innovative approach and substantial recent funding make it a compelling prospect for potential venture capital investment. Its mission to increase insurance penetration in Africa underscores its potential for significant impact and market disruption in the region. As it continues to attract noteworthy investors and secure substantial investment rounds, Lami represents a dynamic player in the insurtech landscape, with the potential to drive substantial returns for prospective VC investors.

Business keywords: insurtech, digital platform, insurance penetration, API integration, end-to-end solution, insurance products, underwriting, consumer-facing companies, embedded insurance, value-added services, Africa, democratising insurance, technology, uninsured consumers

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $3.70M 6
Harlem Capital Future Africa Newtown Partners
Harlem Capital, Future Africa +4
02 Aug 2022
Seed Round $1.80M 4
Accion Venture Lab Acuity Ventures Future Africa
Accion Venture Lab, Acuity Ventures +2
05 May 2021
Grant £80.00K -
28 Jan 2021
Non Equity Assistance Undisclosed -
01 Apr 2020

Lami Alternatives & Competitors

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Lami vs
Pendella Technologies
Pendella Technologies United States

Bringing accessible and affordable life and disability insurance to all with insurtech innovation.

Venture round
20 employees
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Lami vs
Stere
Stere United States

Reinventing insurance distribution

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Lami vs
Trellis
Trellis United States

Empowering FIs, fintechs, insurers, and other innovators to deliver industry-leading embedded insura...

Venture round
128 employees
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Also compare with: Lami vs Guros Guros View all alternatives

FAQ About Lami

On a mission to break the 3% insurance penetration barrier in Africa.
Lami was founded in 2019.
Lami is headquartered in Nairobi, Kenya.
Lami operates in Financial Services, Insurance and Insurtech. Its work centres on insurtech, digital platform, insurance penetration and API integration.
Lami has approximately 37 employees.
Lami has completed 4 funding rounds, raising a total of $5.58M. The latest funding stage is Seed.
Top alternatives and competitors to Lami include Pendella Technologies, Stere, Trellis, Kanopi, Canopy Connect. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Lami and Pendella Technologies are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Lami, https://bouncewatch.com/company/lami, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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