OKO
by OKO
Information provided by OKO, reviewed by Builders in Fintech.
Mobile crop insurance with automatic payouts for African farmers
- Category
- Insurance
- API
- Not available
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.
Company-provided, not part of the CC BY dataset.