MyCover.ai
Building the digital insurance infrastructure and open APIs for Africa
What it does
MyCover.ai was founded in 2021 by Adebowale Adebayo and Bello Abiola to build open insurance API infrastructure across Africa. The company allows non-insurance platforms to embed custom micro-insurance policies into digital customer checkout journeys while automating underwriting and claims management. It is recognized as a leading enterprise insurtech API builder.
Digital insurance distributionInsurance aggregators / comparison
Known for
- Embedded open insurance API infrastructure
- Automated insurance claims processing
- Micro-insurance product building engines
- Developer-first insurtech tools
Model & industry
Insurance-as-a-ServiceAPI-as-a-ProductInsurance
Funding history
$1.4M
Total raised
2
Rounds
Pre-seed
Latest stage
2023
Latest year
| Date | Stage | Amount | Lead investor |
|---|---|---|---|
| 2023-07 | Pre-seed | $1.3M | Ventures Platform |
| 2022-06 | Accelerator | $120K | Techstars Toronto |
Source: Condia Funding Tracker
Products & subsidiaries
MyCover.ai Open Insurance API · Insurtech Infrastructure API