# Digitech Africa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digitech-africa

- Industry: Software
- Headquarters: Abidjan, Ivory Coast
- Website: www.digitechgroupci.com
- Latest round: Seed (Dec 17, 2020)
- Investors on record: 1

## About

Digitech Africa Ltd. is a technology company specializing in digital insurance solutions tailored for mobile phone subscribers across Africa. Their platform, MULTIVERSE®, enhances accessibility to insurance services.Founded in 2016 and headquartered in Abidjan, Ivory Coast, Digitech Africa Ltd. operates a digital insurance platform. The company has processed over 7 million insurance policies and achieved high client satisfaction. In December 2020, Digitech raised seed funding from Kepple Africa Ventures to support its growth strategy.Digitech Africa Ltd specializes in providing a comprehensive digital insurance platform known as MULTIVERSE®. This platform is designed to facilitate the delivery of insurance services to mobile phone subscribers across Africa, regardless of their internet access. MULTIVERSE® encompasses a wide array of functionalities, including the subscription to life and non-life insurance products, electronic management of policies, premium collection, and multi-level claims management. Additionally, the platform harnesses artificial intelligence to optimize customer management through conversational robots, enhancing engagement with clients. Digitech caters primarily to insurance companies and government institutions, enabling them to develop unique insurance products and improve operational efficiency. The company operates in 14 countries within the West African region, having processed over 7 million insurance policies and achieving a client satisfaction rate of 96%.Digitech Africa Ltd generates revenue primarily through its digital insurance solutions, which involve subscription-based models for their core offerings, particularly the MULTIVERSE® platform. Clients, including insurance companies and governmental organizations, engage with Digitech to subscribe to various services, which may include tailored insurance products or access to advanced technology features such as the electronic signature for policy authentication. The pricing structure is reflective of the service scope, where clients pay for access to the platform's comprehensive capabilities, including claims management and premium collection. The revenue model underscores the company's commitment to delivering value through innovative digital solutions, thereby facilitating smoother operations for its clients in the insurance sector.In December 2020, Digitech Africa Ltd. raised an undisclosed amount of seed funding from Kepple Africa Ventures. The company plans to expand its MULTIVERSE® platform by introducing new features and functionalities aimed at enhancing user experience and engagement. Additionally, Digitech intends to target further expansion into new markets within Africa to increase its market presence. The recent funding will support these initiatives by facilitating the development of upcoming products and enhancing operational capabilities.

## Funding rounds

- Seed, Dec 17, 2020 — Kepple Africa Ventures

## Investors

- Kepple Africa Ventures (https://capitalatlas.ai/funds/kepple-africa-ventures) — Seed