{"id":670,"date":"2022-04-16T15:42:00","date_gmt":"2022-04-16T15:42:00","guid":{"rendered":"https:\/\/oko.finance\/?p=670"},"modified":"2024-05-16T23:46:59","modified_gmt":"2024-05-16T23:46:59","slug":"insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire","status":"publish","type":"post","link":"https:\/\/oko.finance\/fr\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/","title":{"rendered":"L'Insurtech OKO l\u00e8ve 500 000 USD dans le cadre d'un tour de table pour son expansion en C\u00f4te d'Ivoire."},"content":{"rendered":"<p><strong>Insurtech Start-up OKO has closed an extension round of $500,000 USD, and announced their plans to launch in the Ivory Coast with their existing partners, Orange, Allianz and Touton, to bring affordable, low-cost insurance to more farmers in Africa.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"398\" src=\"https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/OKO-team.webp\" alt=\"\" class=\"wp-image-675\" style=\"width:631px;height:auto\" srcset=\"https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/OKO-team.webp 756w, https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/OKO-team-300x158.webp 300w, https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/OKO-team-18x9.webp 18w\" sizes=\"auto, (max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<div style=\"height:17px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<div style=\"height:27px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The start-up operates in Mali and Uganda, and offers automated insurance using satellite data and mobile payments for farmers whose fields are negatively affected by weather patterns, mainly droughts and floods. Since its launch, OKO brought insurance to more than 15,000 farmers in Mali and Uganda.<\/p>\n\n\n\n<p>OKO saw an impressive 6x growth in the number of paying customers from 2020 to 2021 and is continuing to expand its reach in 2022, with new crops covered, and new partnerships signed with financial institutions providing agricultural loans to insured farmers.<\/p>\n\n\n\n<p>The extension round was made possible by global impact-tech accelerator <a href=\"https:\/\/www.linkedin.com\/company\/katapultimpact\/?originalSubdomain=no\">Katapult<\/a>, along with three business angels: <a href=\"https:\/\/www.linkedin.com\/authwall?trk=qf&amp;original_referer=https:\/\/www.google.com\/&amp;sessionRedirect=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fguillaume-leenhardt-05017042%2F\">Guillaume Leenhardt<\/a> (CEO of Gentle Finance), <a href=\"https:\/\/www.linkedin.com\/in\/henry-allard\/?original_referer=https%3A%2F%2Fwww.google.com%2F\">Henry Allard<\/a> (CEO of Filhet-Allard Maritime), and <a href=\"https:\/\/www.linkedin.com\/in\/lionel-dorie-02496517\/\">Lionel Dorie<\/a> Founding Partner of Augusta Energy Group).<\/p>\n\n\n\n<p>This announcement follows a recent seed investment in April 2021 of $1.2 million, which was led by by Newfund, ResiliAnce, and Mercy Corps Venture. A month later, OKO launched in Uganda, in collaboration with the Agro Insurance Consortium.<\/p>\n\n\n\n<p>The launch in Ivory Coast will be an opportunity for OKO to collaborate directly with Touton (which invested in April 2021), leveraging Touton's assets and contributing to their efforts in creating a sustainable cocoa value chain. Simon Schwall, Co-founder and CEO of OKO, said;<strong> <em>\"Ivory Coast has always been a priority market for us, so when we saw the opportunity to launch OKO there this year we jumped on it. We are bringing strong partners to make this expansion a success and we have big ambitions for the months to come.\"<\/em><\/strong><\/p>\n\n\n\n<p>Commenting on his company\u2019s decision to invest, Fabrice Boull\u00e9, Investment Director for Katapult said,<em> <mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-accent-4-color\">\u201cWe're thrilled to be partnering with such a high- performing team like OKO. We are a proud investor as they exemplify our philosophy: solving one of humanity's biggest problems, while having a strong<br>impact, alongside outperforming financial returns. The commercial upside of their solution is important. The impact; even more crucial!\u201d<\/mark><\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About Katapult<\/h2>\n\n\n\n<p><a href=\"https:\/\/katapult.vc\/\">Katapult<\/a> is an investment company and a foundation. The investment company focuses on highly scalable impact-tech startups. Katapult currently has 100MUSD under management and has made 138 investments, including 30 direct investments, in startups across 35 countries that are working to implement the UNSDGs.<\/p>\n\n\n\n<p>The Katapult Foundation was established in 2020, gathering all Katapult non- profit initiatives, such as the <a href=\"https:\/\/cspnorthamerica.org\/trainings\/accelerate\/\">Accelerate Program<\/a>, turning tech founders to impact investors, Katapult Future Fest, and the Nordic Impact Investment Network.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/katapult.vc\/\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/katapult-share-image-1024x538.jpg\" alt=\"\" class=\"wp-image-676\" srcset=\"https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/katapult-share-image-1024x538.jpg 1024w, https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/katapult-share-image-300x158.jpg 300w, https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/katapult-share-image-768x403.jpg 768w, https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/katapult-share-image-18x9.jpg 18w, https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/katapult-share-image.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">About OKO<\/h2>\n\n\n\n<p>OKO secures farmers\u2019 income in emerging countries using automated insurance solutions. OKO is accessible to anyone with a phone, and claim payments are automated using satellite data and images. OKO graduated from the Techstars programme in 2018 and was listed in 2020 among the 50 most promising solutions for Financial Inclusion (Inclusive50) by Visa and MetLife foundation.<\/p>\n\n\n\n<p>OKO is active in Mali and in Uganda, with plans to expand to many more<br>markets in the coming years.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-25 is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/oko.finance\/fr\/products\/\">Learn More<\/a><\/div>\n\n\n\n<div class=\"wp-block-button has-custom-width wp-block-button__width-25 is-style-fill\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/oko.finance\/fr\/contact\/\">Nous contacter<\/a><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Insurtech Start-up OKO has closed an extension round of $500,000 USD, and announced their plans to launch in the Ivory Coast with their existing partners, Orange, Allianz and Touton, to bring affordable, low-cost insurance to more farmers in Africa. The start-up operates in Mali and Uganda, and offers automated insurance using satellite data and mobile [&hellip;]<\/p>","protected":false},"author":1,"featured_media":671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Insurtech OKO raises $500,000 USD in an extension round for their expansion to C\u00f4te D\u2019Ivoire. - OKO Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oko.finance\/fr\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurtech OKO raises $500,000 USD in an extension round for their expansion to C\u00f4te D\u2019Ivoire. - OKO Finance\" \/>\n<meta property=\"og:description\" content=\"Insurtech Start-up OKO has closed an extension round of $500,000 USD, and announced their plans to launch in the Ivory Coast with their existing partners, Orange, Allianz and Touton, to bring affordable, low-cost insurance to more farmers in Africa. The start-up operates in Mali and Uganda, and offers automated insurance using satellite data and mobile [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/oko.finance\/fr\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/\" \/>\n<meta property=\"og:site_name\" content=\"OKO Finance\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-16T15:42:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T23:46:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/OKO_Assurances_Agricoles_Mali-30-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1478\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"okoexap.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"okoexap.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/oko.finance\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/oko.finance\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/\"},\"author\":{\"name\":\"okoexap.com\",\"@id\":\"https:\/\/oko.finance\/fr\/#\/schema\/person\/d61f41d01d6ff7e337f3f65c789d7cdc\"},\"headline\":\"Insurtech OKO raises $500,000 USD in an extension round for their expansion to C\u00f4te D\u2019Ivoire.\",\"datePublished\":\"2022-04-16T15:42:00+00:00\",\"dateModified\":\"2024-05-16T23:46:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/oko.finance\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/\"},\"wordCount\":523,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/oko.finance\/fr\/#organization\"},\"image\":{\"@id\":\"https:\/\/oko.finance\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/oko.finance\/wp-content\/uploads\/2024\/05\/OKO_Assurances_Agricoles_Mali-30-2.jpg\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/oko.finance\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/oko.finance\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/\",\"url\":\"https:\/\/oko.finance\/insurtech-oko-raises-500-000-usd-in-an-extension-round-for-their-expansion-to-cote-d-ivoire\/\",\"name\":\"Insurtech OKO raises $500,000 USD in an extension round for their expansion to C\u00f4te D\u2019Ivoire. - 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