About ImaliPay
ImaliPay is a company based in Nairobi (Kenya) founded in 2020 by Oluwasanmi Akinmusire.. ImaliPay has raised $3.8 million across 3 funding rounds from investors including Untapped Global, Plug and Play Tech Center and Uncovered Fund. ImaliPay offers products and services including Medical and Health Insurance, Baggage Protection, Life Repatriation, Flight Cancellation/Delay, and API Solutions.
- Headquarter Nairobi, Kenya
- Founders Oluwasanmi Akinmusire
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Imali.Click Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.8 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Untapped Global
& 12 more
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Employee Count
Employee Count
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Products & Services of ImaliPay
ImaliPay offers a comprehensive portfolio of products and services, including Medical and Health Insurance, Baggage Protection, Life Repatriation, Flight Cancellation/Delay, and API Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers health coverage via API for business integrations.
Provides baggage insurance through partner platforms.
Delivers life and repatriation services via API.
Covers flight disruptions for travel businesses.
Enables insurance embedding in customer checkouts.
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Funding Insights of ImaliPay
ImaliPay has successfully raised a total of $3.8M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(01 Jun 2020)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - ImaliPay | Valuation | Uncovered Fund , TEN13 | |
| Apr, 2022 | Amount | Debt – Conventional - ImaliPay | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - ImaliPay | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ImaliPay
ImaliPay has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Untapped Global, Plug and Play Tech Center and Uncovered Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in digital startups are made by Uncovered Fund.
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Founded Year | Domain | Location | |
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Venture capital invesing in early stage tech companies
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Founded Year | Domain | Location | |
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Early-stage startups are invested in by MyAsiaVc venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ImaliPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ImaliPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Imalipay Comparisons
Competitors of ImaliPay
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Imalipay
Frequently Asked Questions about ImaliPay
When was ImaliPay founded?
ImaliPay was founded in 2020.
Where is ImaliPay located?
ImaliPay is headquartered in Nairobi, Kenya.
Is ImaliPay a funded company?
ImaliPay is a funded company, having raised a total of $3.8M across 3 funding rounds to date. The company's 1st funding round was a Seed of $800K, raised on Jun 01, 2020.
What does ImaliPay do?
ImaliPay was founded in 2020 and is based in Nairobi, Kenya. A digital financial platform powered by AI is operated to support gig workers in the fintech sector. Tailored products, including business loans, savings accounts, and credit-building tools, are offered to enhance financial inclusion for gig economy participants. Financial goals can be set by users through the platform.
What products or services does ImaliPay offer?
ImaliPay offers Medical and Health Insurance, Baggage Protection, Life Repatriation, Flight Cancellation/Delay, and API Solutions.
Who are ImaliPay's investors?
ImaliPay has 13 investors. Key investors include Untapped Global, Plug and Play Tech Center, Uncovered Fund, TEN13, and MyAsiaVc.