Cheers to Two Years of Octamile’s Innovation and Growth
As we raise a virtual toast to Octamile’s second anniversary, we reflect on a journey that started on December 1, 2021.
In the heart of Africa’s bustling tech landscape, a company emerged in Nigeria with a vision beyond the boundaries of insurance and technology. The focus of this journey was to redefine the way insurance is perceived and delivered, not just as a means of financial protection but as a catalyst for empowerment and resilience.
It began with a simple yet powerful idea: to bridge the gap between the insured and the underinsured using technology, providing seamless access to insurance and peace of mind when it matters most. From its inception, Octamile has been driven by a mission to make insurance accessible, affordable, and simplified for all.
Let’s take you on a journey of impact and value from the past two years.
- Over 100K transactions processed on Boost, our All-in-one insurance management platform
- 20+ Insurers onboarded on the platform.
- Motor claims payout in as low as 5 minutes.
- 50+ embedded Insurance partners across Fintech, Logistics and e-commerce sectors.
- More than 15,000 first-time Insureds are financially protected.
- 10 Million plus hours saved with automation.
- More than $2m in Insurance operations cost savings.
Our Impact has been recognised
Octamile’s impact has not gone unnoticed. The company has been recognised for its innovation and commitment to excellence, earning prestigious awards such as 2022 Embedded Insurance Leader in EMEA, Fintech Global Insurtech 100, 2023 ITC DIA Top Insurtech 100 to Watch out for
Octamile’s mission and vision have been backed by VCs across the world, such as Echo Vc, Fiat Ventures, Plug & Play, First Circle Capital, Norrsken Foundation, Supported by Bimalab Accelerator Program and More.
A Vision for the Future
Our vision is simple yet powerful: to craft a world where accessing protection is seamless, empowering individuals and communities to thrive beyond limitations. We’re embarking on a journey that’s destined to transform the way insurance is perceived and experienced.