Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • Just In: MTN Apologises As Fibre Cut Cripples Services In Enugu, Benue States
  • Nigeria Must Claim Its Seat In Global AI Economy, Experts Warn At GITEX 2025
  • NITDA DG Calls For Pan-African AI Collaboration At GITEX Nigeria 2025
  • Zinox, KongaCares Partner To Unveil Groundbreaking “Computerize Nigeria” initiative At GITEX Nigeria
  • How Two Nigerian Students Won Airtel Africa Foundation Fellowship
  • Konga Unveils “All In All, Everything ×2 – Category Month” Shopping Campaign
  • Nigeria’s Fintech Growth Hinges On Regulator–Operator Partnership, Stakeholders Say
  • NCC Moves To Strengthen Cybersecurity Framework As Telecoms Face Growing Threats
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » Pula, African InsureTech Platform Closes $6mn TLcom-Led Series A Fundraise
TechExtra

Pula, African InsureTech Platform Closes $6mn TLcom-Led Series A Fundraise

DigitalTimesNGBy DigitalTimesNG25 January 2021No Comments4 Mins Read1 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Pula Co Founders and Co CEOs Thomas Njeru Rose Goslinga 1
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

Pula, an African InsureTech service provider startup that specialises in digital and agricultural insurance to derisk millions of smallholder farmers across Africa, has closed a $6mn Series A fundraise led by TLcom Capital, with the participation of Women’s World Banking.

The new investment will be used to scale up operations in the company’s existing 13 markets across Africa.

Currently, Pula has impacted over 4.3mn farmers on the continent and the new funding will also help propel its expansion into Asia to power resilience and profitability for Asian smallholder farmers.

Launched in 2015 by Rose Goslinga and Thomas Njeru, Pula designs and delivers innovative agricultural insurance and digital products to help smallholder farmers endure climate risks, improve their farming practices and bolster their incomes over time.

For smallholder farmers in emerging markets, the traditional method of calculating insurance through farm visits is often unaffordable for farmers, meaning these farmers are often neglected from financial protection against climate risks.

PULA FARM
A Pula farmer

Through its Area Yield Index Insurance product, Pula leverages machine learning, crop cuts experiments and data points relating to weather patterns and farmer losses to build products which cater for a variety of risks including drought, excessive rainfall, pests and diseases.

The company’s key clientele include the likes of the World Food Programme, Central Bank of Nigeria, Zambian Government & the Kenyan Government.

Pula has also launched an NDVI Livestock insurance as an offering for livestock farmers.

Co-Founder and Co-CEO at Pula, Rose Goslinga, says “When Thomas and I launched Pula in 2015, we had one goal in mind – to build and deliver scalable insurance solutions for Africa’s 700mn smallholder farmers and with our latest funding, now is the time to break into new ground.

READ ALSO  Sanwo-Olu Commends NITDA For Revolutionising The IT Sector

“In our five years since launching, we’ve built strong traction for our products but the fact remains that across Africa and other emerging markets, there are still millions of smallholder farmers with risks to their livelihoods that have not been covered.

“In the midst of a global pandemic, farmers need assurances now more than ever and with this in mind, it’s time to scale up. Having TLcom Capital and Women’s World Banking along on the journey with us opens up many more opportunities as we build across the continent and beyond.”

Through its partnerships with banks, governments and agricultural input companies, Pula is at the centre of an ecosystem which provides insurance to smallholder farmers and has amassed 50 insurance partners, as well as six reinsurance partners.

In December 2020, the startup was named as the “InsurTech of the Year” at the African Insurance Awards 2020 held in Lagos, Nigeria.

PULA FARM 2
A Pula farm produce

As part of the new fundraise, TLcom’s Senior Partner, Omobola Johnson will join Pula’s Board.

Maurizio Caio, Managing Partner and Founder at TLcom Capital, states: “In Pula, we found a company addressing a hugely underserved market in one of Africa’s key drivers of growth and with this, an opportunity for major economic upside.

“The potential for the insurance market for smallholder farmers in Africa is huge and under the leadership of Rose and Thomas, Pula has rapidly established a strong presence throughout the continent and has a number of high-profile clients on their books.

“We are confident of Pula’s potential for growth in spite of the pandemic and look forward to partnering with them as they execute the next phase of their journey.”

READ ALSO  NCC, Windelectric, Ethnos, Transworld Security To Headline 2022 TechTV Digital Agenda Forum

Christina Juhasz, CIO at Women’s World Banking, also states that “Given the legions of women engaged in small-hold farming and securing the food supply for communities around the globe, Women’s World Banking is delighted to partner with Pula Advisors in providing them financial safety nets against the risks of pests, disease and climate change”.

In 2018, Pula announced the close of its $1mn seed round from Rocher Participations with support from Accion Venture Lab, Omidyar Network and several angel investors.

Previous funders have included the Bill & Melinda Gates Foundation, Mulago Foundation and Mercy Corps Social Ventures and the company presence in Africa currently extends to Senegal, Ghana, Mali, Nigeria, Ethiopia, Madagascar, Tanzania, Kenya, Rwanda, Uganda, Zambia, Malawi and Mozambique.

#$6mn #African InsureTech #Fundraise #Pula #Series A #TLcom
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleHow Can Junior Software Developers Get Promoted To Senior Engineering Role?
Next Article Visa Joins CaixaBank, Global Payments And Worldline Startup Programme
DigitalTimesNG
  • X (Twitter)

Related Posts

Nigeria’s Fintech Growth Hinges On Regulator–Operator Partnership, Stakeholders Say

2 September 2025

Nigerian Women-Led Startups Shine At TICAD 9 As Country Champions Inclusive Tech Growth

26 August 2025

NITDA Lauds Tech Giants For Compliance With Online Safety Code Of Practice

20 August 2025

Roqqu Partners SiBAN To Advance Blockchain Adoption In Nigeria

19 August 2025

Rubrik, Sophos Partner To Deliver Microsoft 365 Cyber Resilience

11 August 2025

Google’s Gemini Now Turns Your Ideas And Images Into Nigerian Storybooks

8 August 2025

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

Just In: MTN Apologises As Fibre Cut Cripples Services In Enugu, Benue States

6 September 2025

Nigeria Must Claim Its Seat In Global AI Economy, Experts Warn At GITEX 2025

4 September 2025

NITDA DG Calls For Pan-African AI Collaboration At GITEX Nigeria 2025

3 September 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.