Etap
Flexible vehicle insurance policies and app-driven claims processing for African motorists
What it does
Etap was founded in 2021 by Ibraheem Babalola to revolutionize auto insurance across Africa through telematics and gamified risk management. The mobile app allows drivers to buy car insurance in 90 seconds, earn safe-driver rewards, and file automated claim reports instantly. It is recognized for bringing gamified telematics to African micro-insurance.
Health / life / auto insurtechDigital insurance distribution
Known for
- Telematics-driven car micro-insurance app
- 90-second instant auto policy purchasing
- Safe-driving gamified rewards system
- Automated photo-based claims processing
Model & industry
Insurance-as-a-ServiceEmbedded FinanceInsurance
Funding history
$1.5M
Total raised
1
Rounds
Pre-seed
Latest stage
2022
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2022-04 | Pre-seed | $1.5M | Mobility 54 |
Source: Condia Funding Tracker
Products & subsidiaries
ETAP Motor Insurance App · Insurtech Mobile App