The Fintech Baloon raises 2.1 million USD in funds

Baloon, the leading digital insurance brokerage in Africa, has managed to raise 2.1 million USD in funds from its investors. The startup is aiming to reach 3.6 million USD by the end of the year.

Created in 2017, fintech is working on promoting digital insurance in French-speaking Africa. Thanks to its online platform, individuals can simply and rapidly underwrite an insurance policy. The payment of premiums is made via Mobile Money.

With these funds, fintech aims to finance its development in Cameroon, Gabon and Niger. The broker also plans to expand in Benin, Burkina Faso and Mali.

Baloon is also present in Cote d’Ivoire and Senegal.