New post Need visibility? Apply for a FREE post for your Startup.  Apply Here

Startups

South Africa Insurtech Startup, Ctrl, Raises $2.3m Funding From Naspers

1 Mins read

Ctrl, a short term insurance startup, has raised $2.3m from Nasper Foundry. This new round of financing comes after South Africa-based short-term insurer Santam invested in the startup in 2019.

“We are ecstatic about Naspers Foundry’s investment given their vast experience in growing tech start-ups. We believe that we are now in the best position to grow our business, and we are excited about Ctrl’s future as we transform the insurance industry.” Pieter Venter, CEO and Co-founder of Ctrl, said.

The investment is part of Naspers’s ZAR1.4 billion commitment to grow early-stage tech companies through its tech investment vehicle Naspers Foundry. This is Naspers Foundry’s first investment in the insurtech space, taking its investment portfolio to six tech companies.

Fabian Whate, head of Naspers Foundry, said: “Ctrl has created a smart digital platform that unlocks consumer choice and competitive pricing in a previously underserved market.”

Ctrl is a digital short term insurance advisor and aggregator that presents insurance opportunities to its customers conveniently through its app either on iPhone or Android smartphone. Ctrl was founded in 2017 by Pieter Erasmus, Pieter Venter and Francois Venter. It is a digital insurance advice app that enables users to request and accept quotes from different insurers, amend cover, and get advice.

Ctrl has active partnership with more than 20 companies including Santam, Old Mutual, Bryte, Brolink, Absa, KingPrice, Masthead, Wolf & Halo, Grindstone, NID, DealSA, etc.

Naspers Foundry started writing cheques in 2019. It has so far invested in SweepSouth, an online home and business cleaning services platform; agritech startup Aerobotics; Food Supply Network, an independent B2B marketplace of food products; edtech platform The Student Hub; and mobility startup WhereIsMyTransport.

Don’t miss any tech news ever!

We don’t spam! Read our privacy policy for more info.

Related posts
Startups

Kenyan e-commerce startup - Copia Global - faces shutdown, mass job losses loom

1 Mins read
Kenya’s tech ecosystem took a hit as e-commerce platform, Copia Global, is hovers on the brink of collapse after failing to secure…
Startups

Bolt partners M-Kopa to rev up electric motorcycle revolution in Kenya

2 Mins read
Ride-hailing company, Bolt, has partnered with M-KOPA, Roam Electric, and Ampersand to introduce a fleet of electric motorcycles in Kenya. This initiative…
Startups

Egyptian HRTech startup - bluworks - raises $1m to streamline blue-collar workforce management

1 Mins read
Bluworks, an Egypt-based human resources technology (HRTech) startup, has secured $1 million in its pre-seed funding round. The investment was led by…
Newsletter Subscription

🤞 Don’t miss any update!

We don’t spam! Read more in our privacy policy

Join our Telegram channel here - t.me/TechpadiAfrica

Leave a Reply