MyCover.ai
Revolutionizing the way Africans experience insurance
Lagos, Nigeria · Founded 2022 · $2.3M raised
- 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, Techstars and Founders Factory Africa.
Tech & App Stack
3 technologies & apps tracked
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Funding History
Jul 2024
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Pre-Seed through Seed — per-round amounts, valuations, and who invested in each round.
Investors
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