A Nigerian Insurance Technology Startup has Raised $75K in Pre-Seed Funding

Nigerian startup Haba, specializing in insurance technology (insurtech), has secured $75,000 in funding during a pre-seed investment round, aiming to expand its operations and transform the insurance industry in West Africa.

Established in 2022 by Constance Oshafi, Stephen Onwe, and Paul Showemimo, Haba has created a comprehensive range of services tailored to meet the diverse requirements of both individuals and businesses.

Derived from a vision to revolutionize and simplify the insurance landscape in Nigeria, Haba InsurTech recognized the obstacles and intricacies within the existing framework.

The founders set out to create a platform that would democratize insurance, making it more accessible, user-friendly, and cost-effective for the Nigerian population.

The pre-seed funding of $75,000 will play a crucial role in Haba InsurTech’s expansion plans. The funds will be utilized to enhance its service offerings, reinforce its technical team, and intensify marketing endeavors to reach a wider audience of individual clients.

“By prioritizing customer satisfaction, providing innovative solutions for claims and repairs, and with support from visionary investors, Haba InsurTech is well-positioned to redefine insurance accessibility, empower policyholders, and shape the trajectory of the insurance sector in Nigeria,” stated the startup.

"As the insurance landscape undergoes transformation, Haba InsurTech remains at the forefront of innovation, poised to simplify insurance, enhance reliability, and ultimately prioritize a customer-centric approach."

Sources: Tom Jackson/Disrupt Africa & Fintech Global