About Leadway Assurance
Leadway Assurance is a company based in Lagos (Nigeria) founded in 1970.. Leadway Assurance has raised $14 million across 2 funding rounds from investors including International Finance Corporation and Swiss Re. Leadway Assurance offers products and services including Auto Insurance, Property Insurance, Marine Insurance, and SME Insurance. Leadway Assurance operates in a competitive market with competitors including AIICO Insurance, Blue KC, Prudential, Beazley and AXA Mansard, among others.
- Headquarter Lagos, Nigeria
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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
*********
- Legal Name Leadway Assurance Company 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
$14 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
International Finance Corporation
& 1 more
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Employee Count
Employee Count
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Products & Services of Leadway Assurance
Leadway Assurance offers a comprehensive portfolio of products and services, including Auto Insurance, Property Insurance, Marine Insurance, and SME Insurance. 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.
Covers vehicles against accidents, theft, and damages
Protects properties from losses due to events like fire
Insures goods and vessels during transit
Supports small businesses against operational risks
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Funding Insights of Leadway Assurance
Leadway Assurance has successfully raised a total of $14M across 2 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 2
- Last Round Last Round
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First Round
First Round
(10 Oct 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2016 | Amount | Series B - Leadway Assurance | Valuation |
investors |
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| Oct, 2006 | Amount | Series A - Leadway Assurance | Valuation |
investors |
| 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 Leadway Assurance
Leadway Assurance has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include International Finance Corporation and Swiss Re. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Reinsurance, insurance, and asset management services are provided worldwide.
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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 Leadway Assurance
| 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 - Leadway Assurance
| 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 |
Leadway Assurance Comparisons
Competitors of Leadway Assurance
Leadway Assurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AIICO Insurance, Blue KC, Prudential, Beazley and AXA Mansard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance services are delivered to clients in Nigeria.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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| domain | founded_year | HQ Location |
Specialist insurance and reinsurance are underwritten for clients worldwide.
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| domain | founded_year | HQ Location |
Health, life, motor, travel, and other insurance services are provided.
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| 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 Leadway Assurance
Frequently Asked Questions about Leadway Assurance
When was Leadway Assurance founded?
Leadway Assurance was founded in 1970 and raised its 1st funding round 36 years after it was founded.
Where is Leadway Assurance located?
Leadway Assurance is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Is Leadway Assurance a funded company?
Leadway Assurance is a funded company, having raised a total of $14M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Oct 10, 2006.
What does Leadway Assurance do?
Leadway Assurance was established in 1970 as an insurance provider headquartered in Lagos, Nigeria. Operations focus on the insurance sector, where various policies and risk management solutions are offered to clients. Coverage includes life, general, and specialized insurance products, with activities centered in the Nigerian market. The company maintains a presence through its domain, leadway.com, supporting regional business needs.
Who are the top competitors of Leadway Assurance?
Leadway Assurance's top competitors include Beazley, Prudential and AIICO Insurance.
What products or services does Leadway Assurance offer?
Leadway Assurance offers Auto Insurance, Property Insurance, Marine Insurance, and SME Insurance.
Who are Leadway Assurance's investors?
Leadway Assurance has 2 investors. Key investors include International Finance Corporation, and Swiss Re.