Octamile and Breeze: Mitigating Risks of International Trade for SMEs

octamile and Breeze

International trade is integral to any economy, but African SMEs are often the most vulnerable when they venture into international trade. Octamile and Breeze are excited to announce the partnership to help mitigate risks of international trade for African SMEs.

Breeze is a neobank, an express full-stack trade solution that allows merchants to pay partners anywhere in the world in their local currency and provide logistics and customs clearing support.

Our embedded insurance partnership will enable Breeze merchants and partners easily access credit and cargo insurance products from leading Insurance providers, providing a safety net for them and mitigating the risks of international business trade for the next generation of African businesses going global.

We believe that this partnership will help accelerate international trade for Africa SMEs.

At the partnership launch in Lagos, Nigeria, Founder and CEO Chimenem Nnwoka said, “our partnership with Octamile gives merchants added security when conducting international transactions with their suppliers or customer”. 

He continued, “as a result of this collaboration, businesses now have access to credit and cargo insurance products. Merchants can reduce their credit risk, gain access to a larger pool of lenders with better terms, and reduce the risk of transporting freight globally”.

Our CEO & Founder, Gbenro Dara, said, ” It is my pleasure to partner with the Breeze team as we expand our suite of Insurance Management solutions to include Marine & Cargo Insurance that provides adequate cover and at the best rates. Breeze empowers SMEs in International trade, and we are excited to be the preferred partner to embed Insurance products.” 

About Octamile Inc: Octamile is an insurtech startup; our ecosystem of technology products helps Insurers innovate faster and protect underinsured consumers in Africa from financial loss.

Our All-in-One Insurance Infrastructure platform helps underwriters, brokers, and tech businesses seamlessly enable digital insurance product distribution, claims automation and risk assessment. 

B2C companies like Breeze, Wecover, Edusko, Gokada, DriveMe, VeendHQ, and much more leverage Octamile’s embedded insurance technology to launch lifestyle, health, auto, life, credit and other customisable insurance products suitable for the needs of their users.

Get in touch, and work with us to deepen insurance penetration in Africa; contact us here or email business@octamile.com.

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