Company Overview
Snapshot
Founded in April 2018 by Simon Schwall, Shehzad Lokhandwalla, and Raphael Haziza, OKO operates with 11–50 employees. The company has raised a total of $2.29M across 13 funding rounds from 13 investors.
Business overview
OKO is an Insurtech company that leverages satellite and mobile technology to provide accessible and affordable crop insurance to smallholder farmers. The company develops parametric insurance products by creating index partnerships with weather data suppliers, which are then underwritten by locally licensed insurance companies. Beyond insurance, OKO offers weather alerts, farming tips, and microcredit access, bundling these services with distribution tools, customer education, and an automated policy management platform. OKO primarily serves the agriculture sector, operating within the Fintech & Insurtech and Sustainable Farming categories.
Strategic signal
This investment signals strong investor confidence in OKO's model of leveraging technology to address climate change impacts on agriculture, highlighting the growing market demand for innovative insurtech solutions in emerging markets.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant partnership for OKO in 2019?
- In August 2019, OKO partnered with Allianz to bring microinsurance solutions to smallholder farmers.
- When did OKO receive a grant from the Luxembourg Ministry of Economy and Finance?
- In June 2019, OKO received a grant of $55,000 from the Luxembourg Ministry of Economy and Finance.
- What was a key strategic expansion for OKO in 2022?
- In June 2022, Mali-based insurtech OKO raised a $500k seed extension round to facilitate its expansion into Ivory Coast.