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 ($)
$500K
$1.5MApr 2021
$1.5MJul 2019
$1.6MJun 2018
$1.6MJun 2018
$1.6MJun 2018
$1.6MJun 2019
$1.9MNov 2023
$1.9MOct 2025
Latest News
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
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
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
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
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
| Sector | Fintech & Insurtech |
Funding
| Total funding | $2.29M |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 13 |
| Investors | 13 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | oko.finance |
Locations
Nordau Boulevard 91, Tel Aviv, Israel
Luxembourg
Photos & Videos
5 item(s)
OKO Business
Business models
B2G, B2B, B2C
Product stage
Released
Employees
11-50
Sector
Climate TechCarbon TechCarbon Analytics, Earth Data & FintechFood & Land UseSustainable FarmingFintech & InsurtechLending & FinancingInsurtechTarget Customer
Agriculture & FoodConsumersCore Technology
Platforms & InterfacesMobileTags (14)
climate-techsmallholder-farmssupply-chainweather-forecastagricultureagtechpersonal-financefarm-to-consumerfintechinsurtechmicrofinanceplant-protectionfinancial-institutionsgovernmentUse Cases
Agriculture PlayerMicro Finance InstitutionMobile Network OperatorGovernments and NGOsGeographic Markets
MaliUgandaOKO Financials
$2.29M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Seed
Funding stage
13
Total rounds
13
Investors
Cumulative Funding Raised Over Time ($)
$500K
$1.5MApr 2021
$1.5MJul 2019
$1.6MJun 2018
$1.6MJun 2018
$1.6MJun 2018
$1.6MJun 2019
$1.9MNov 2023
$1.9MOct 2025
Private Equity Funding
Undisclosed Round
Oct 2025
Undisclosed
Catalyst (Lead)
Seed
Nov 2023
$316K
Morgan Stanley
Seed
Apr 2021
$1M
Mercy Corps Venure, Newfund Capital, ResiliAnce
Convertible Debt
Jul 2019
$25K
ImpactAssets Inc.
Convertible Debt
Jun 2019
$56.2K
RaSa Future Fund
Convertible Debt
Jun 2018
$25K
Techstars Accelerator
Convertible Debt
Jun 2018
Undisclosed
Techstars Accelerator (Lead)
,
Techstars Accelerator
Pre-Seed
Jun 2018
$20K
Barclays
Seed
$500K
Katapult, Guillaume Leenhardt, Henry Allard, Lionel Dorie
Non-Equity Funding
GrantEvent
Jul 2019
$122.8K
SCBF (Swiss Capacity Building Facility)
GrantEvent
Jun 2019
$55K
Luxembourg Ministry of Economy and Finance
GrantEvent
Mar 2019
$108.04K
Israel Innovation Authority
GrantEvent
Jan 2019
$57K
OKO Lifecycle
Cumulative Funding Raised Over Time
$500K
$1.5MApr 2021
$1.5MJul 2019
$1.6MJun 2018
$1.6MJun 2018
$1.6MJun 2018
$1.6MJun 2019
$1.9MNov 2023
$1.9MOct 2025
All Events
Undisclosed Round
Oct 2025
Undisclosed
Catalyst (Lead)
Seed
Nov 2023
$316K
Morgan Stanley
Seed
Apr 2021
$1M
Mercy Corps Venure, Newfund Capital, ResiliAnce
Convertible Debt
Jul 2019
$25K
ImpactAssets Inc.
Convertible Debt
Jun 2019
$56.2K
RaSa Future Fund
Convertible Debt
Jun 2018
$25K
Techstars Accelerator
Convertible Debt
Jun 2018
Undisclosed
Techstars Accelerator (Lead)
,
Techstars Accelerator
Pre-Seed
Jun 2018
$20K
Barclays
Seed
$500K
Katapult, Guillaume Leenhardt, Henry Allard, Lionel Dorie
GrantEvent
Jul 2019
$122.8K
SCBF (Swiss Capacity Building Facility)
GrantEvent
Jun 2019
$55K
Luxembourg Ministry of Economy and Finance
GrantEvent
Mar 2019
$108.04K
Israel Innovation Authority
GrantEvent
Jan 2019
$57K
OKO News
11 articles
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
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
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
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
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
growth-positive
12 African startups to watch in 2020 - Disrupt Africa
The article highlights the top 12 African startups to watch out for in 2020. These startups are from various regions in Africa and are involved in different industries such as trucking, fantasy sports, fintech, regtech, insurtech, and more. The article mentions their recent achievements, funding rounds, partnerships, and expansion plans. Overall, the article has a growth-positive impact on the featured startups as it recognizes their potential and success in their respective fields.
InvestmentAcquisition
growth-positive
How Mali's OKO Finance helps rural farmers access crop insurance - Disrupt Africa
Malian insurtech startup OKO Finance is fundraising to formally launch and expand its affordable mobile-based crop insurance products for smallholder farmers. The company aims to fill the gap in the market for insurance products that can successfully penetrate this segment. OKO has already seen strong interest from farmers, with over 800 requesting a quote and over 450 becoming paying customers in its beta version. However, obtaining financing has been challenging due to skepticism about farmers willingness to invest in insurance. OKO previously raised $300,000 in a pre-seed round and is now seeking to raise $1.5 million. The company has partnerships with mobile operator Orange and insurance firm Allianz, and is working to overcome regulatory barriers to its growth.
InvestmentPartnersCustomers
growth-positive
Insurtech startup Oko Finance wins Seedstars event in Mali - Disrupt Africa
Insurtech startup Oko Finance has won the Malian leg of the Seedstars World competition, securing a place in the global final and the opportunity to pitch for $500,000 in equity investment. Oko Finance has developed a crop insurance platform for emerging markets. The startup will also represent Mali at the Seedstars Africa regional summit and gain access to a three-month investment readiness program.
InvestmentExpand
Making index-based insurance profitable
growth-positive
Allianz Partners with Microinsurance Startup OKO
Allianz has entered a cooperation partnership with OKO to design index-insurance products that automatically compensate farmers in Africa facing adverse weather. OKO will provide data-science expertise and mobile distribution technology, while Allianz will assist in underwriting and re-insuring the crop insurance products. The partnership aims to increase insurance penetration in rural areas and make African farmers more resilient to climate risks.
Partners
growth-positive
Israeli startup brings crop insurance via SMS to Mali
French insurance salesman Simon Schwall left BIMA to create his own company, OKO, which offers crop insurance to farmers in Mali. OKO uses text messages and satellite data to provide insurance quotes and determine claim validity. The company plans to partner with mobile operators and has raised $145,000, seeking another $750,000 for a seed round. OKO was selected to represent Israel at the UN World Summit Awards and won a prize from Orange in France. The market for crop insurance is vast, with only 3% of the 2 billion people dependent on farming having insurance.
PartnersInvestment
OKO Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 39 |
| Team members | 3 |
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OKO Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515832962 |
| Crunchbase | oko-ltd |
| Creator | Gil Fosh |
| Creator email | gilfosh@gmail.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2022-12-12T00:00:00.000Z |
| Created | 2017-11-21T00:00:00.000Z |
| Claimed | Yes |