Lukmani completes seed funding round, receives backing from Accion, 4Di

Lukmani, an insurtech startup based in South Africa, has received backing from Accion Venture Lab and 4Di Capital for its seed funding round. The company will use the funds to enhance and grow its product offering to reach new communities throughout South Africa and to expand its team.

Read a related article here: SA’s Sensor Networks raises USD 1.2mn for series B round

About Lukmani
Lukmai provides highly vulnerable, excluded, low-income consumers who live in informal settlements with insurance coverage. The company uses proprietary hardware and a tech-enabled agent network to provide consumers living in informal settlements with insurance that protects against loss of life, shelter and assets in case of a home fire. It bundles this insurance product with an internet of Things (IoT) connected heat sensor that detects fire in and around homes and its software generates data on household value, location and demographics that Lumkani can use to underwrite, service and pay out claims.

The company was founded in 2015.