New $30m 3iF fund backs early-stage African InsurTechs

New Investment Fund for African InsurTechs

FSD Africa, an organization based in Nairobi dedicated to enhancing financial markets throughout Africa, has announced the launch of an Inclusive InsurTech Investment Fund (3iF). This fund is set to have a size between $25 million and $30 million, targeting the burgeoning InsurTech sector on the continent.

Key Players and Commitments

The 3iF will be anchored by FSD Africa Investments (FSDAi), which is the investment arm of FSD Africa. Alongside FSDAi, the fund aims to attract senior equity commitments from various stakeholders. This collaboration is intended to create a solid foundation for supporting early-stage InsurTechs across Africa, which play a crucial role in expanding access to insurance.

What it Means for the InsurTech Landscape

Investing in InsurTech startups can help address significant gaps in insurance coverage across the African continent. By backing these innovative companies, FSD Africa hopes to promote better financial inclusion and enhance the resilience of financial markets in the region. These startups can leverage technology to create tailored insurance products that meet the unique needs of local communities, potentially transforming how insurance operates.

This initiative is particularly timely, as the African InsurTech space has seen growing interest but still faces various challenges, such as regulatory hurdles and access to funding. The establishment of 3iF could play a pivotal role in bridging these gaps and facilitating greater innovation in the industry.

Looking Ahead

With 3iF, the future looks promising for early-stage InsurTechs in Africa. Increased investment could lead to the development of more inclusive insurance products, ultimately benefiting a wider range of consumers across the continent.

Original Source: https://fintech.global/2025/11/28/new-30m-3if-fund-backs-early-stage-african-insurtechs/