Inclusivity Solutions Pty. Ltd.

Based in Cape Town, South Africa, Inclusivity Solutions specializes in delivering embedded insurance solutions aimed at emerging African consumers, enhancing access to affordable insurance seamlessly integrated into various financial services. Inclusivity Solutions is dedicated to providing embedded insurance services to emerging African markets. Founded in 2015 in Cape Town, South Africa, the company has completed a total of 4 deals to date. The latest funding round, a Series A, raised USD 1.

5 mn on October 30, 2023, led by Goodwell Investments. The firm was started by Jeremy Leach, who leveraged his experience in the insurance sector to establish a company focused on innovative insurance solutions. Inclusivity Solutions specializes in providing embedded insurance solutions tailored for emerging African consumers. Their core product, the ASPin digital insurance platform, leverages Open APIs for seamless integration of insurance into the offerings of banks, insurers, microfinance institutions (MFIs), telecommunications companies, and fintech partners.

The ASPin platform streamlines the insurance process, including sales, policy administration, premium collection, and claims management, primarily serving consumers in nine African countries: Botswana, Côte d'Ivoire, Ghana, Kenya, Malawi, Rwanda, South Africa, Uganda, and Zambia. The primary goal is to enhance access to affordable insurance solutions, driving positive outcomes for businesses and consumers alike. Inclusivity Solutions generates revenue through partnerships and the implementation of their ASPin platform across various financial and insurance entities. Operating on a B2B2C model, they collaborate with banks, insurers, and fintech firms, enabling those partners to offer insurance products to their customer bases.

Revenue generation occurs through structured partnership agreements, service fees, or transaction-based commissions related to the integrated insurance products. This model not only enhances client engagement but also broadens market reach and operational efficiency for Inclusivity Solutions. In October 2023, Inclusivity Solutions Pty. Limited raised USD 1.

5 mn in Series A funding, led by returning investor Goodwell Investments. The funds will be utilized for growth and expansion initiatives. The company aims to enhance its product offerings and is exploring potential new markets across Africa to widen its reach. Specific regions and release dates for upcoming products have yet to be detailed, but the focus will remain on increasing access to their insurance solutions in the targeted markets.