MyCover.ai
MyCover.ai is an artificial intelligence company in Lagos, Nigeria, founded in 2022. It has raised $2.3M across 2 rounds, most recently a $1.0M Seed in July 2024.
Revolutionizing the way Africans experience insurance
- Headquarters
- Lagos
- Employees
- 11–50
- Founded
- 2022
- Business Model
- B2B
- Website
- mycover.ai
- Total Funding
- $2.3M
- Last Round
- $1.0M SeedJul 2024
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 3 investors for this company. The full record is or through the API.
About
MyCover.ai is a Nigerian insurtech company building the digital infrastructure for embedded insurance across Africa. The platform enables businesses — including fintechs, BNPL platforms, logistics companies, e-commerce players, and mobility apps — to integrate licensed insurance products into their own offerings via API, SDK, and low-code tools. MyCover.ai partners with licensed Nigerian insurers to create and distribute products rather than underwriting itself. Its AI-powered suite includes automated claims handling, virtual vehicle inspections, and fraud reduction tools. Backed by $1.25M in pre-seed funding, the company is focused on deepening insurance penetration across underserved African markets.
Summary
It lists 11–50 employees. It has raised $2.3M in total across 2 rounds, most recently a $1.0M Seed round in Jul 2024. Investors include Ventures Platform, Techstars and Founders Factory Africa.
Tech & App Stack
3 technologies & apps tracked
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Funding History
Jul 2024
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Funding: Pre-Seed through Seed. Amounts, valuations, and investors where available.
Investors
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