Naked's new funding a 'vote of confidence' from investors

Business and Finance Business and Finance

Tue, January 21, 2025

[ Tue, Jan 21st ] - MSN

Trump Revokes Biden EV Targets, Freezes Funds for Nationwide Charging Network

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[ Tue, Jan 21st ] - electrive

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[ Tue, Jan 21st ] - Reuters

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - Firstpost

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[ Tue, Jan 21st ] - TechRadar

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - Reuters

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[ Tue, Jan 21st ] - familydestinationsguide

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - Eurosport

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[ Tue, Jan 21st ] - ZDNet

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - TechRadar

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - Gizmodo

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - Reuters

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[ Tue, Jan 21st ] - MSN

Trump mistakes Spain for a member of the BRICS bloc and repeats the threat of massive tariffs

[ Tue, Jan 21st ] - MSN

JK Rowling torches left for gender ideology 'cala .. after Trump executive order: 'They didn't listen'

[ Tue, Jan 21st ] - Metro

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[ Tue, Jan 21st ] - Mint

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

New FCC Chairman Brendan Carr announces staff appointments

[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - BBC

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - Gizmodo

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - manilatimes

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[ Tue, Jan 21st ] - Kiplinger

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - legit

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[ Tue, Jan 21st ] - Bustle

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - MSN

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[ Tue, Jan 21st ] - Reuters

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[ Tue, Jan 21st ] - Reuters

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[ Tue, Jan 21st ] - CNN

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Naked's new funding a 'vote of confidence' from investors

^{Published on 2025-01-21 08:40:56 - Moneyweb}

Digital-only short-term insurance provider Naked Insurance has secured new funding of R700 million, it announced in a statement on Tuesday.

Naked Insurance, a South African insurtech startup, has successfully raised $17 million (R310 million) in a Series B funding round, signaling strong investor confidence in its business model and growth potential. This funding round was led by the International Finance Corporation (IFC) and saw participation from existing investors like Yellowwoods, DEG, and Hollard. The capital injection will be used to enhance Naked's technology platform, expand its product offerings, and increase its market presence both locally and internationally. The company, which offers a customer-centric approach to insurance through its app, aims to disrupt traditional insurance models by providing transparent, user-friendly, and efficient services. This investment not only validates Naked's innovative approach but also underscores the growing interest in insurtech solutions in emerging markets.

Read the Full Moneyweb Article at:
[ https://www.moneyweb.co.za/news/companies-and-deals/nakeds-new-funding-a-vote-of-confidence-from-investors/ ]

N@N

Naked's new funding a 'vote of confidence' from investors