our digital financial services and build on our commitment for inclusion and access. Providing people with affordable health and hospital insurance is an example of how we are always looking for innovative ways to create positive impact. We are proud to have over 16,000 M-KOPA direct sales representatives, customers and their families benefit from this partnership so far.”
Turaco claims that it has covered more than 100,000 customers and paid off more than 3,000 claims within three days on average since its inception in February 2019. Turaco’s system demonstrates that low-paid individuals are more eager to pay to safeguard themselves and their families compared to other groups since they experience frequent risks.
Turaco Co-Founder & CEO, Ted Pantone, expressed optimism about the partnership. He said, “We’re impressed to see such great results with this partnership. M-KOPA has been a great collaborator, and we’re happy for the opportunity to empower thousands of lives and more in the future through them. Now more than ever, our work at Turaco is crucial, urgent and in huge demand, especially because we continue to witness healthcare emergencies all over the world in the wake of the COVID-19 pandemic.”
This latest achievement follows Turaco’s recently completed USD $2 million series seed funding round in 2020, which was headed by Novastar Ventures. The need for simple and economical insurance is predicted to continuously increase with the company’s continued growth in its present markets in Kenya and Uganda.
