Humaniq & Jamii Africa Join Forces

Blockchain-based financial ecosystem Humaniq has announced a new partnership with Tanzania-based micro-health insurance provider Jamii to target the low income and informal sector.

The collaboration with Jamii allows Humaniq to expand its existing African presence – its mobile app is already available in 21 countries in Africa. More than 400,000 users joined the Humaniq mobile app and it is equipped with a wallet, bio-ID, secure messaging, E2E encryption, and live support chat features. By providing a unique and affordable service to its users, it will allow Humaniq to closely follow its mission objectives, which are aimed at reducing poverty in emerging economies.

Jamii Africa  was launched in close partnership with Vodacom Tanzania, The Jubilee Insurance of Tanzania and Edgepoint Digital in 2015. The company has cut insurance administration costs by 95%, launched insurance policies for as little as $1 a month and now has 40,000 users in Tanzania, as well as 400 hospitals that accept their insurance. Jamii has been working towards launching operations in 5 other African countries, including Kenya, Uganda, Ghana, Nigeria, and South Africa. Its team includes over 100 agents and managers. Under this MOU with Humaniq and through the Humaniq platform Jamii Africa is aiming to develop new application to provide health insurance targeted at low income population through their mobile phones.

Bottom Line: LaLa World comes to mind.