BIMA uses mobile technology to deliver services that emerging market families need, but can’t access through traditional channels. Their approach has transformed the insurance industry and the lives of over 24 million customers worldwide.
BIMA’s unique model combines powerful tech platforms with distribution by dedicated agents to create a business model that serves the bottom-of-the-pyramid profitably and sustainably.
They have operations 16 markets across Africa, Asia and Latin America that acquire around 500, 000 new subscribers each month across. BIMA continues to be a pioneer of innovation for inclusion, using data and client centric design principles to develop new products, technologies and distribution channels to create a world where everyone can access the services they need to protect the future of their family.
Their Management Team is made up of young, dynamic, highly intelligent people who are passionate about building a business that combines profit with purpose. They hire people from a range of backgrounds, including TMT, finance, development, operations and innovation. They are always looking to add new talent to their in-market and Global teams.
BIMA is one of the most attractive InsureTech opportunities around, having converted a disruptive idea into a scalable business that has achieved profitability in several markets already. Their last funding round (July 2015) secured US$ 38.4 million in capital, taking funds raised to over US$ 75 million since launch.