Hollard Backs Emerging Insurtech Naked With ~$1.5M Investment

Naked, a Johannesburg-based insurance startup set to launch in 2018, has received R20 million (~$1.5M) in seed funding from Hollard and Yellowwoods.

Naked an insuretech start-up company has received funding through a R20 million investment from Hollard and Yellowwoods. @Naked_insurance pic.twitter.com/vRrz4MG0oK

— Hollard Insurance (@Hollard) October 26, 2017

The startup is the creation of Alex Thomson and Sumarie Greyb who are on a mission “to give customers a faster, fairer and more flexible insurance experience.” This is Naked.

“The insurance industry is one of the business sectors that is undoubtedly facing digital disruption. Hollard was built on the belief that there’s always a better way, so we not only embrace the change, but fully support Naked’s intention to bring unprecedented levels of transparency to the insurance environment” – Hollard CMO Heidi Brauer.

Coverager first covered the startup back in September to give you a sneak peek of what its UI may look like.