OKO

OKO Overview

OKO uses satellite and mobile technology to bring affordable and simple crop insurance to smallholder farmers. OKO creates index partnerships with weather data suppliers and uses them to create parametric insurance products underwritten by a locally licensed insurance company. Farmers can also benefit from OKOs weather alerts, farming tips, and access to affordable microcredit. OKO bundles services including a weather-based index insurance product, tools for distribution and customer education, and an automated policy management platform. OKO won the Orange Social Venture Prize in 2019 and the ITU SME Competition in 2020 and has been listed as one of the Inclusive Fintech 50 by MetLife Foundation and Visa.

Cumulative Funding Raised Over Time ($)

Latest News

Oct 1, 2025 · disruptafrica.com

growth-positive

Malian insurtech startup OKO secures 6-digit round to scale climate resilience in Africa - Disrupt Africa

Malian insurtech startup OKO has secured a six-digit funding round led by Catalyst Fund, with participation from two existing investors. Founded in 2017, OKO provides mobile-based crop insurance products to smallholder farmers in Africa, offering financial security against unstable climate trends. The funding will be used to deepen partnerships with financial institutions, agritechs, and agro industries, embedding automated climate insurance into agricultural value chains. OKO has already protected over 33,000 farmers across several African countries. The investment is seen as a validation of OKOs achievements and commitment to making climate insurance accessible in Sub-Saharan Africa.

InvestmentPartners

Jun 29, 2022 · disrupt-africa.com

growth-positive

Mali-based insurtech OKO raises $500k seed extension round for Ivory Coast expansion - Disrupt Africa

Malian insurtech startup OKO has raised a US$500,000 seed extension round to expand to Ivory Coast and work towards a Series A. The company has seen significant growth in paying customers and is partnering with financial institutions to provide agricultural loans to insured farmers. The extension round was led by Katapult and three business angels. OKOs seed investment was worth US$1.2 million. OKO plans to launch in the Ivory Coast with partners Orange, Allianz, and Touton.

CustomersPartnersInvestment

Dec 21, 2021 · agfundernews.com

growth-positive

OKO Finance is cushioning Mali's farmers from climate change

OKO Finance, a company that offers crop insurance to smallholder farmers in Mali, is experiencing growth and positive impact due to its services. The CEO, Simon Schwall, is concerned about the adverse effects of climate change on Malis weather patterns and the livelihoods of its people. OKO uses satellite imagery and weather forecasting to provide affordable and efficient insurance products to farmers. The company has insured 12,000 smallholder farmers in Mali and plans to expand to other countries in Africa. OKO has paid out claims to farmers affected by extreme weather events and aims to reach one million farmers by 2025. The company recently raised $1.2 million in a seed investment round backed by several investors. OKOs insurance not only promotes economic resilience for farmers but also enables financial inclusion and access to loans for micro-credit providers.

CustomersInvestment

Apr 22, 2021 · insurtechisrael.news

growth-positive

Insurtech start-up OKO raises seed round of $1.2 million to bring innovative insurance to smallholder farmers across Africa - Insurtech Israel News

Insurtech start-up OKO has closed a Seed investment round of $1.2 million led by Newfund and ResiliAnce. The company provides inclusive agricultural insurance to farmers in Africa using satellite data and mobile payments. With the new funding, OKO plans to strengthen its presence in Mali and Uganda and expand to more African markets, starting with Ivory Coast. OKO already has approximately 7,000 paying customers in Mali and has partnered with agro-industries such as ABInBev and Touton. The company aims to be the most inclusive crop insurance available and partners with mobile operators to ensure accessibility. OKOs service has received recognition and support from regulators and has won awards in the fintech and SME sectors.

InvestmentExpand

Nov 24, 2020 · martechseries.com

growth-positive

OKO Powers Mobile Engagement for Emerging Markets with 8x8

8x8 has been selected by OKO, a provider of index insurance and farming-related services, to transform communications with farmers across Africa. OKO, which offers crop insurance to smallholder farmers in emerging markets, was using SMS communication but found it limited and costly. With more than 30% of their target farming population already using WhatsApp, OKO turned to 8x8 to integrate WhatsApp and other Chat Apps into their service offering. 8x8 provided the Chat Apps API and onboarding support, allowing OKO to automate customer engagement functions and provide more effective and affordable insurance services to farmers. The partnership aims to improve service delivery and enhance customer experiences.

Customers

Funding

Team Members

3

Employees: 11-50

Web & Social Links

Locations

Nordau Boulevard 91, Tel Aviv, Israel

Luxembourg

Photos & Videos

5 item(s)

OKO Internal

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