Casava
Nigeria’s first 100% digital insurance company.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $4.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 185 % | 24 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Casava is a pioneering microinsurance tech startup based in Lagos, Nigeria, designed to revolutionize the insurance industry in Africa. The company stands out as the first 100% digital insurance provider licensed in Nigeria, offering a seamless and fully digital experience for its clients. Casava's primary mission is to make insurance accessible, affordable, and hassle-free for everyone.
Casava serves a diverse range of clients, primarily targeting individuals and families who need affordable and reliable insurance solutions. The company operates in the African market, with a focus on Nigeria, and aims to expand its services across the continent. By leveraging technology, Casava simplifies the insurance process, allowing clients to subscribe to insurance plans in just 60 seconds and enjoy instant benefits.
The business model of Casava revolves around offering microinsurance products that cater to the essential needs of its clients. These products include Health Insurance, Income Protection, and Health Cash. Health Insurance provides free access to a network of doctors and hospitals, ensuring clients receive necessary medical care. Income Protection safeguards clients' income by providing salary benefits in case of job loss. Health Cash offers quick cash reimbursements for hospital treatments.
Casava makes money through subscription fees for its insurance products. Clients can start with plans as low as NGN 500, making it an affordable option for many. The company also offers a free trial period for some of its products, encouraging potential clients to experience the benefits before committing financially.
In summary, Casava is transforming the insurance landscape in Africa by providing digital, affordable, and accessible insurance solutions. Its innovative approach ensures that clients can make claims and receive payments within 48 hours, making the process efficient and user-friendly.
Keywords: microinsurance, digital insurance, Nigeria, affordable, health insurance, income protection, quick claims, tech startup, accessible, Africa.