Israeli insurtech startup OKO Finance wins Seedstars Bamako

Israeli insurtech startup OKO Finance has been named the winner of last Thursday’s (7 November) Seedstars Bamako pitching event.

OKO Finance provides smallholder farmers in emerging countries with index insurance and other farming-related services.

The startup, which is headquartered in Tel Aviv and also operates in Mali, was founded in 2017 by Simon Schwall and Shehzad Lokhandwalla.

The startup will now represent Mali at the Seedstars Africa Summit — which will be held in Johannesburg next month — where it will get a chance to win a spot to pitch for $500 000 in equity funding at the Seedstars Summit in Switzerland.

OKO Finance will now represent Mali at the Seedstars Africa Summit

In all, eight startups were selected to pitch at the event which was held at Impact Hub Bamako.

Denko Kunafoni, a healthech platform that sends users automatic reminders of vaccination dates and doctor’s appointments via SMS or phone calls was placed second.

The platform also won the gender equality entrepreneurship track at the event.

Agrifood distribution company Sanzara was placed third.

The other companies that pitched at the event include: transportation startup Woyo, web services provider Ibraci Links, legaltech platform Droit Direct, Soro-Lakanali and insrutech Vital.

Seedstars World’s next stop in Africa is Namibia for Seedstars Windhoek, this Thursday (14 November) to select the best startup in the country.

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Featured image: Winners and participants at Seedstars Bamako 2019 (Impact Hub Bamako via Twitter)