SA insurance platform Click2Sure secures investment from Greenlight Re

Cape Town based digital insurance platform Click2Sure has secured an undisclosed investment from Greenlight Capital Re, a Cayman Islands based reinsurance company.

In a statement today (17 October), Click2Sure said the investment was motivated by the startup’s “unique cloud-based technology” and the experience of Click2Sure’s founding partners serial entrepreneurs Daniel Guasco (pictured above) and Jacques van Niekerk.

Commenting in the same statement, Van Niekerk said he was delighted by the investment as well as the endorsement of the startup’s “unique full-stack, multiple digital platform capability and potential”.

Click2Sure was founded in 2016 by Daniel Guasco and Jacques Van Niekerk

“This partnership has brought global recognition to a South African business and we welcome the insights that Greenlight Re Innovations will introduce to the platform,” said Van Niekerk.

Simon Burton, CEO of the Nasdaq listed Greenlight Re said Click2Sure’s platform enables a “radical transformation” of customer experience and a cost-effective way to deliver insurance products to under-served marketplaces.

Guasco pointed out the insurtech has signed up several clients including SA companies Takealot, Guardrisk, Pricecheck and Hyperli, as well as international giants Uber and Xiaomi.

“When you are dealing with global retailers, financial services companies and mobile networks, they don’t want to sell your product, they want to sell their own or that of big insurers. In that instance, we act as the white-label partner. We provide an insurance platform that enables their offering to be digital,” he explained.

Click2Sure’s digital insurance platform which enables retailers, service providers, distributors and brokers to offer a selection of over 20 custom developed insurance products at the point of sale. The startup was founded in 2016.

Last month, Click2Sure was among four companies selected to join AlphaCode‘s R2.5-million AlphaCode Accelerate programme.

Read more: Four fintech companies selected for R2.5m AlphaCode Accelerate programme
Read more: Click2Sure launches its global aspirations at InsureTech Connect in Las Vegas
Read more: Seven SA insurtech startups to watch [Digital All Stars]
Read more: Q&A: Daniel Guasco on his new venture, Click2Sure
Read more: Click2Sure: Groupon co-founder set to take on insurance sector

Featured image: Click2Sure founder and managing director Daniel Guasco (Supplied)