Octamile

Octamile

Technology, Information and Internet

Lekki, Lagos 2,666 followers

All-in-one insurance infrastructure for embedded insurance, claims automation and risk assessment.

About us

We enable insurance and non-insurance businesses to simplify access to insurance and protect Africans from financial loss. Our ClaimsTech solution is an end-to-end claims management tool that helps insurers detect fraud and fast-track payouts in under 60 minutes. Our embedded insurance API enables digital platforms or app B2C businesses to offer insurance as a product or add-on to their existing product. They generate a new revenue stream while protecting their consumers. We are a diverse team of passionate professionals with experience across insurance and tech.

Industry
Technology, Information and Internet
Company size
11-50 employees
Headquarters
Lekki, Lagos
Type
Privately Held
Founded
2021
Specialties
Digital Insurance, Insurtech, SaaS, Embedded Insurance, Claims Automation, and Risk Assessment for Insurers

Locations

Employees at Octamile

Updates

  • View organization page for Octamile , graphic

    2,666 followers

    At Octamile, we are proud to be at the forefront of #insurtech in Africa since our inception. We are humbled to be recognized by ITC DIA & AWS. 😎 🤗 Octamile is working with its partners to provide additional value to the key stakeholder and consumers. 🤝 🚀 Thanks to the DIA Community & AWS for this opportunity; you can read more about it here- https://bit.ly/3HvjJDJ #insurtech #winning #insurance

  • This Festive Season, Think Outside the Gift Box! Are you looking for the perfect gift for your startup founder friends? Skip the ordinary and go for thoughtful, impactful gestures: Cover their next internet subscription – because staying connected fuels their hustle! Pay their motor insurance premium – a smooth drive keeps their journey secure. Treat them to prepaid spa treatments – every founder deserves a recharge! This holiday season, let your gift make a difference in their entrepreneurial journey. #StartupGifts #FounderSupport #Octamile #InsuranceMadeEasy #Octamile #GiftIdeas

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  • This Festive Season, Think Outside the Gift Box! Are you looking for the perfect gift for your startup founder friends? Skip the ordinary and go for thoughtful, impactful gestures: Cover their next internet subscription – because staying connected fuels their hustle! Pay their motor insurance premium – a smooth drive keeps their journey secure. Treat them to prepaid spa treatments – every founder deserves a recharge! This holiday season, let your gift make a difference in their entrepreneurial journey. #StartupGifts #FounderSupport #Octamile #InsuranceMadeEasy #Octamile #GiftIdeas

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  • Octamile reposted this

    Meet our new Pan-African #insurtech program with ZEP-RE 🌍 Westerwelle Startup Haus Kigali powered by Evonik Stiftung has partnered with ZEP-RE (PTA Reinsurance Company) once again to launch the second edition of the insurtech program, this time on a much bigger scale. Applications were open to startups across all 54 African countries, and now 20 founders from South Africa, Nigeria, Côte d'Ivoire, Rwanda, and Kenya are taking part, working on innovative solutions in the area of financial inclusion and insurance. The top 10 startups will head to Kigali for an investment readiness bootcamp and Demo Day in the beginning of 2025. And here’s the exciting part: the top 5 startups will be eligible for investments of $100K to $1M each from the ZEP-RE Insurtech Fund. Congrats and good luck to the selected founders! BASgroupNG | imali.click | EnvoyX | Lifesten Health | Awabah | Jahazii | exuus | gamp | CoverGo | Insurtech | LifeLine 🌻 | Pay-U | eSusFarm® | Maisha Poa | Octamile | Vetsark | Ndai Africa | Scrella | Gigmile | SOSO CARE | DIGITECH AFRICA LTD #WesterwelleFoundation #EmpoweringEntrepreneurs

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  • Protect Your Home This Harmattan Season! Did you know the harmattan period comes with a higher risk of fires? Dry winds and lower humidity levels can create conditions that increase fire hazards. Don't leave your property unprotected! With Property Insurance, you can: ✅ Safeguard your home and valuables. ✅ Have peace of mind knowing you're prepared for the unexpected. ✅ Quickly recover in case of damage. Take action now! Protect what matters most. #Octamile #InsuranceMadeEasy #HarmattanSafety #PropertyInsurance

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  • Is Your Motor Insurance Expiring This Holiday Season? The holiday season is busy enough—don’t let an expired motor insurance policy add to your stress! Why Renew Now? ✅ Avoid fines and penalties for driving uninsured. ✅ Stay protected against unexpected incidents. ✅ Enjoy peace of mind while traveling this season. Postponing your renewal might seem convenient, but it could cost you more in the long run. Renew your motor insurance today and drive into the holidays worry-free! #Octamile #MotorInsurance #HolidayRenewals #DriveSafe #InsuranceMatters 

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  • Protect the Joy This Holiday Season! The holiday season is all about delivering gifts, joy, and expectations—but what happens when something goes wrong during transit? Secure your logistics platform with embedded insurance! With insurance seamlessly integrated into your logistics platform, you can: ✅ Ensure safe delivery of packages. ✅ Build trust and reliability with your customers. ✅ Protect against unforeseen losses or damages. Don’t just move packages—move peace of mind. Embed insurance today and make every delivery a joyful one! #Octamile #EmbeddedInsurance #HolidayProtection #CustomerTrust

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  • Octamile reposted this

    View profile for Gbenro Dara, graphic

    Insurtech | Co-Founder & CEO - Octamile | Norrsken '23 | Bank of America Breakthrough Lab '24 | OnDeck | Embedded Insurance

    🌟 History in the Making! What a time to be part of the insurance industry in Nigeria! A few weeks ago, myself and other Insurtech Founders from ETAP & Pay-U met with the Commissioner for Insurance/CEO Olusegun Omosehin, his capable deputies Usman J. Jankara & Ekerete Ola Gam-Ikon and management team, when we heard some truly groundbreaking news - the launch of a dedicated Innovation Office! This is a first in Nigerian insurance history, and it’s not just about keeping up with trends. It’s about contributing our own quota to the transformation of the entire sector—pushing boundaries, embracing technology, and reaching more people with innovative solutions. At Octamile , we’ve always believed that insurance can and should be simple, accessible, and embedded into everyday transactions. Being part of this transformation is exactly why we do what we do! Cheers to the future of insurance in Nigeria—it’s looking bright. 🌍✨ #Innovation #FutureOfInsurance #OctamileWay #Microinsurance

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  • Octamile reposted this

    View profile for Gbenro Dara, graphic

    Insurtech | Co-Founder & CEO - Octamile | Norrsken '23 | Bank of America Breakthrough Lab '24 | OnDeck | Embedded Insurance

    🌟 Three Years of Innovation, Growth, and Transformation! 🌟 Today, we proudly celebrate Octamile ’s 3rd anniversary, a milestone that reflects our unwavering commitment to transforming the African insurance landscape. In the past three years, we’ve stayed true to our mission of simplifying access to insurance and empowering businesses and individuals across the continent. Along the way, we’ve achieved remarkable milestones that inspire us to keep building: ✅ Innovative Solutions and Partnerships Collaborated with leading insurers and businesses across Nigeria, Kenya & Ghana to embed insurance into everyday transactions. Introduced cutting-edge products that are changing how insurance works for underserved populations and businesses alike. ✅ Global Acceleration and Recognition Selected for prestigious programs like Norrsken Impact Accelerator, Bank of America Breakthorugh Labs, Westerwelle Foundation Young Founders Programme, and the ZEP-RE (PTA Reinsurance Company) Insurtech Program, validating our impact-driven vision. Recognized on the FinTech Global Insurtech 100 list 2022, ITC DIA Insurtechs to Watch supported by AWS 2023, and featured in FT Partners Africa Research report on "Fintech in Africa" among other accolades. ✅ Investor Confidence We’ve been backed by forward-thinking corporate investors like Plug and Play Tech Center , Fiat Ventures, First Circle Capital, EchoVC Partners, Norrsken Foundation and our ever supportive Angel investors, who share our belief in the transformative power of insurtech. Through every milestone, from our accelerator wins to media recognitions, it’s clear that Octamile is not just building solutions but driving a movement. Our work wouldn’t be possible without the trust and collaboration of our partners, customers, team members, and investors. 🙏 As we look ahead, we are excited about what’s to come: 🚀 Scaling our impact with innovative, data-driven products. 🌍 Expanding access to insurance for communities and businesses across Africa. 🤝 Deepening partnerships that redefine possibilities in insurance. Thank you for being part of our journey. The best is yet to come! 🎉 #OctamileAt3 #Insurtech #Innovation #Africa #InsuranceRedefined #Milestone

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Similar pages

Funding

Octamile 2 total rounds

Last Round

Pre seed
See more info on crunchbase