Malian insurtech startup OKO secures 6-digit round to scale climate resilience in Africa

OKO Raises Funding to Boost Climate Resilience in Africa

Funding Secured

Malian insurtech startup OKO has successfully completed a six-digit funding round aimed at expanding its operations. The round was led by Catalyst Fund and saw participation from two of OKO’s existing investors. This financial backing will allow the company to enhance its offerings and support climate resilience initiatives in Africa.

What OKO Does

OKO focuses on providing insurance solutions tailored for farmers in Africa. By leveraging technology, the startup aims to protect agricultural livelihoods from risks associated with climate change. This funding will enable OKO to scale its operations and reach more customers who need these crucial financial safety nets.

Key Players Involved

The lead investor, Catalyst Fund, is known for backing innovative startups that aim to solve pressing challenges in emerging markets. The participation of existing investors also highlights confidence in OKO's business model and growth potential.

Impact on the Community

The significance of this funding extends beyond just improving OKO's business. By strengthening insurance solutions for vulnerable farmers, the initiative can help mitigate the financial risks associated with climate-related events. This could lead to increased agricultural productivity and enhanced food security in the region.

Conclusion

The successful funding round indicates a growing recognition of the importance of insurtech in building climate resilience in Africa. As OKO moves forward, its efforts will not only support individual farmers but could also contribute to wider economic stability in the region.

Original Source: https://disruptafrica.com/2025/10/01/malian-insurtech-startup-oko-secures-6-digit-round-to-scale-climate-resilience-in-africa/