Insuretech company receives R20 million in funding from Hollard and Yellowwoods

Naked, a new insuretech company has it has received R20 million in funding from the Hollard Insurance Group as well as from Yellowwoods. Naked is expected to start operating in South Africa in the first months of 2018 and aims to provide customers a faster, fairer and more flexible insurance experience. The startup is being led by actuaries Alex Thomson and Sumarié Greybe with Hollard management in a non-executive role.

 

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