OKO
Builders in Fintech has recorded 2 equity rounds for OKO, most recently a seed (extension) round of $500K on 30 June 2022.
Added ·
- €1M + $500K
- Seed (extension) · $500K · 30 June 2022 · led by Katapult
Timeline
Seed (extension) · $500K · Katapult (lead), Guillaume Leenhardt, Henry Allard, of Augusta Energy Group)
Seed · €1M · Newfund (lead), ResiliAnce
All funding rounds in the database
Product
Mobile crop insurance with automatic payouts for African farmers
Insurance
OKO sells parametric crop insurance to smallholder farmers in Sub-Saharan Africa through mobile phones. Farmers insure a field and receive compensation automatically when weather data shows a loss, without a claims process, while financial institutions, NGOs and agro-industries buy custom group cover to protect their agricultural supply chains. Local representatives recruited among rural youth help farmers sign up.
Description from the company website · Source
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Parisian startup