Curacel is an innovative African AI startup revolutionizing the insurance landscape across the continent. Founded in 2017, Curacel has rapidly emerged as a leading provider of AI-powered platforms designed to streamline claims processing and combat fraud within Africa’s insurance industry.
Curacel is driven by a mission to empower insurance in emerging markets through AI-powered infrastructure. Their vision is to create a world with equal economic opportunities and prosperity by making risk protection easily accessible in regions where over 3 billion people lack adequate insurance coverage.
Innovative Solutions
To address the challenges faced by insurers, Curacel offers a suite of advanced solutions:
- Curacel Health: An AI-driven tool that enables health insurers to process claims up to ten times faster while effectively detecting and reducing fraudulent activities.
- Curacel Auto: This solution accelerates auto insurance assessments, claims, and payouts through an AI-powered process, enhancing efficiency and customer satisfaction.
- Curacel Grow: Launched in March 2022, this embedded insurance product empowers technology companies to seamlessly integrate insurance offerings into their existing services, thereby expanding their customer base and increasing sales.
Strategic Partnerships and Expansion in Africa
Curacel’s innovative approach has attracted partnerships with major insurers such as AXA Mansard, Liberty Health, and Old Mutual. Their services are trusted by over 7,000 organizations across more than 10 countries, including Nigeria, Ghana, Kenya, and Egypt.
In March 2021, Curacel secured $450,000 in pre-seed funding led by Atlantica Ventures and Consonance, with participation from Kepple Ventures and other African angel investors.
