AFB
Private Equity Round in 2015
afb is a financial services company based in Accra, Ghana, that provides credit solutions to individuals and small businesses across Africa. Founded in 2010, afb operates through four main divisions: cards, loans, mobile, and insurance. The company focuses on harnessing data to understand consumer behavior, enabling it to offer innovative financial products such as mobile money, working capital solutions, and loyalty programs. With a growing customer base of over 300,000 in Kenya, Ghana, and Tanzania, afb has established partnerships with more than 400 retail outlets and has pioneered the provision of unsecured credit via digital channels in collaboration with major mobile network operators.
Resolution Insurance
Acquisition in 2014
Resolution Insurance is a prominent provider of general insurance services in Kenya, having entered the market in 2002 as Resolution Health East Africa. It was the first entity registered as a Medical Insurance Provider and has since established itself as a leader in the sector, recognized as the Medical Insurance Provider of the Year in 2012. Licensed as a General Insurer by the Insurance Regulatory Authority in 2013, Resolution Insurance specializes in various insurance products, including medical, personal accident, workmen's compensation, liability, and property coverage. With over a decade of experience, the company has effectively managed the medical needs of more than 60,000 members, which include corporate clients, social groups, families, and individuals. Through innovative solutions, Resolution Insurance aims to provide responsive and comprehensive insurance coverage across Kenya.
Apollo Investments
Private Equity Round in 2011
Apollo Investments Limited provides general and life insurance solutions for individuals, businesses, and organizations in Kenya. Its products include group life assurance, group last expense assurance, group accident disability assurance, group critical illness assurance, group mortgage assurance, group credit life assurance, group pension plans, individual pension plans, and pension annuity plans.