Octamile
Insurance API infrastructure and AI-powered claims management solutions for African businesses
What it does
Octamile was founded in 2021 by Gbenro Dara to build embedded insurtech infrastructure and automated risk software across Africa. The platform enables non-insurance digital platforms (such as logistics apps and digital banks) to integrate insurance coverage directly into customer checkouts. It is recognized for modernizing claims automation and risk underwriting.
Claims automationDigital insurance distributionUnderwriting & risk modeling
Known for
- Embedded insurance APIs for platforms
- Automated claims processing engines
- Risk assessment & underwriting software
- Motor and logistics micro-insurance
Model & industry
Insurance-as-a-ServiceAPI-as-a-ProductInsurance
Funding history
$500K
Total raised
1
Rounds
Pre-Seed
Latest stage
2021
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2021-12 | Pre-Seed | $500K | EchoVC Partners |
Source: Condia Funding Tracker
Products & subsidiaries
Octamile Insurance API Suite · Insurtech API