How much funding has MyCover.ai raised?

MyCover.ai has raised $2.3M in total funding, most recently a Seed round.

Who are MyCover.ai's investors?

MyCover.ai's investors include Ventures Platform, Techstars.

When was MyCover.ai founded?

MyCover.ai was founded in 2022.

Where is MyCover.ai headquartered?

MyCover.ai is headquartered in Lagos, Nigeria.

What industry is MyCover.ai in?

MyCover.ai operates in Artificial Intelligence, Fintech, Insurtech.

How many employees does MyCover.ai have?

MyCover.ai has 11-50 employees.

MyCover.ai

Revolutionizing the way Africans experience insurance

Lagos, Nigeria · Founded 2022 · $2.3M raised

Artificial Intelligence

Fintech

Insurtech

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

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

MyCover.ai is an Artificial Intelligence company based in Lagos, Nigeria, founded in 2022. It has raised $2.3M in total across 2 rounds, most recently a $1.0M Seed round in Jul 2024. Investors include Ventures Platform and Techstars.