# PaddyCover

Flexible Insurance for Africa

- Canonical URL: https://wefunder.com/paddy.cover
- Entity ID: wefunder:company:135871
- Last updated: 2026-06-11T23:51:44Z
- Generated at: 2026-06-12T03:49:28Z

## Quick facts
- There are 213 million people in Nigeria. Only 0.3% of them are insured.
- 16K+ insurance policies sold ($95K revenue). Up from 2K in 2020.
- Co-founders are both technical, and multiple-time founders. Previously at Goldman Sachs, Telnet.
- $485K raised from Catalyst Fund and other notable investors.
- Top 12 Startup Catapult Africa the Luxembourg House of Financial Technology (LHoFT) 2020.
- Finalists at the GITEX Startup Competition in Dubai 2022
- One of the Top InsurTechs in Africa Featured by the Dalberg Research & IFC

## Active fundraises
- wefunder:fundraise:86332: 4(a)(6) open (USD)

## Story
Watch our pitch at CATAPULT in Luxembourg: Pitch deck:

## Team
- Mayowa Owolabi (CEO & Co-founder)
- Tobi Obasa (CBO & Co-founder)
- Helen Ubiaza (Head of Sales )
- Korede Oluwafemi (CTO)

## Q&A
- Q: Excellent introduction to a crucial business topic. I appreciate how you pointed out that the right insurance agent can help tailor coverage based on specific needs. This is especially important in today’s dynamic business environment where risks can vary greatly. I am eager to read the rest of the guide and see what factors to consider when making this decision. https://buysuretybonds.com/
- Q: Life insurance provides peace of mind by ensuring your loved ones are financially secure after your passing. There are two main types: term life, which covers a set period, and whole life, which offers lifelong protection. Before choosing the best policy, assess your family's needs and future financial obligations. https://theaim.ca/motorcycle-insurance-costs-in-ontario-2024/ how much for motorcycle insurance
- Q: It’s exciting to see flexible insurance solutions being tailored to Africa’s unique needs! This kind of innovation can help make insurance more accessible to underserved communities across the continent. https://www.houstonnationalinsurance.com/ flood insurance