Octamile is One: First Aniversary of Simplifying Access to Insurance

Octamile is one

Octamile is one. Hurray, it is our first anniversary, and precisely one year ago, we launched out of stealth mode to make insurance work for insurers, businesses and their consumers.

The Company:

Octamile is an insurtech startup backed by leading Investors, including EchoVC, Fiat Ventures, Plug & Play and First Circle Capital. In one year since our launch, our digital insurance solution has grown to a robust all-in-one digital insurance infrastructure for seamlessly launching insurance products on web and app platforms, automating and digitising claims, onboarding and risk assessment.

We have onbarded by 8 insurance companies and are trusted by 30+ embedded insurance integration partners like Gokada, DriveMe, VeendHQ, CrowdForce,  Fixit45, NowNow, Terminal Africa, Edusko, Daboo, Wecover, LogiTrak, Errandlr and many more.

FastTrack Octamile’s end-to-end Claims Automation for leading insurers like Axa Mansard Nigeria also now powers property insurance claims. We achieved the fastest motor insurance claims payout in Nigeria*

The Team & Culture:

Our team is a unique mix of professionals from backgrounds in technology startups and the insurance sector. We grew over  240%, from a team of 4 to 17+ employees, with new joiners expected in December and early January.

At Octamile, we promote collaboration and a customer-centric culture that ensures individual and business growth. We have a hybrid workplace, 60% physical and 40 remote work.

Thank You

We were recently featured on Fintech Global’s insurtech 100 companies for 2022 and named OEIO Report 2022 as an Embedded Insurance Leader in the EMEA region.

In the last 365 days, Octamile has come a long way in a short time, and we are excited to do and achieve more.

“I sincerely thank our esteemed partners for their support and belief in the Octamile journey; there is no success with you. We are excited to build with you and look forward to great achievements ahead.” Founder & CEO, Gbenro Dara.

Octamile is One. It has been one year of simplifying access to insurance, and cheers. Take a look at the video below.

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