About MicroEnsure
MicroEnsure is a company based in Cheltenham (United Kingdom) founded in 2002 was acquired by Turaco in September 2023. MicroEnsure has raised $28 million across 5 funding rounds from investors including AXA, International Finance Corporation and Telenor. MicroEnsure offers products and services including MiIncome, MiIdentity, MicroPay, MiConnect, and Coverpoint. MicroEnsure operates in a competitive market with competitors including MetLife, Saga, Legal & General, BGL Group and Bima Milvik, among others.
- Headquarter Cheltenham, United Kingdom
- Stage Minicorn
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Microensure Holdings Limited
- Date of Incorporation 16 Nov, 2012
- Jurisdiction CHELTENHAM, ENGLAND
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Annual Revenue
$3.2 M (USD)0as on Dec 31, 2018
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Net Profit
-$5.73 M (USD)-7as on Dec 31, 2018
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EBITDA
Not available
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Total Equity Funding
$28 M (USD)
in 5 rounds
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Latest Funding Round
$7 M (USD), Series B
Jul 14, 2017
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Investors
AXA
& 8 more
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Employee Count
Not available
- Acquired by
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Products & Services of MicroEnsure
MicroEnsure offers a comprehensive portfolio of products and services, including MiIncome, MiIdentity, MicroPay, MiConnect, and Coverpoint.
Offers parametric triggers for short-term loss of income risks.
Provides identity monitoring and restoration for users.
Facilitates micro insurance payments and claims processing.
Enables integration for insurance distribution platforms.
Supports automated claims for various daily risks.
Funding Insights of MicroEnsure
MicroEnsure has successfully raised a total of $28M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in July 2017. 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.
Investors in MicroEnsure
MicroEnsure has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include AXA, International Finance Corporation and Telenor.
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Investing in technology, digital culture, governance, and business initiatives.
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IFC is focused on private sector development in emerging markets.
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Insurance, banking, and wealth management services are provided worldwide.
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Investor details for MicroEnsure
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Investments & Acquisitions by MicroEnsure
Investment portfolio details for MicroEnsure
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Financial Statements - MicroEnsure
Detailed financials for MicroEnsure
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Microensure Comparisons
Peer comparison for MicroEnsure
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Competitors of MicroEnsure
MicroEnsure 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 MetLife, Saga, Legal & General, BGL Group and Bima Milvik, among others.
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Internet-based life, health, auto, home, and pet insurance is offered.
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Saga is recognized as a trusted British brand for over-50s, offering insurance, holidays, and financial products.
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Life, home, pet, and general insurance services are offered online.
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Insurance and financial services are distributed digitally by BGL Group.
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Mobile-based insurance and health services are delivered through a platform.
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Detailed competitors of MicroEnsure
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Latest news on Microensure
Complete news archive for MicroEnsure
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Frequently Asked Questions about MicroEnsure
MicroEnsure was founded in 2002 and raised its 1st funding round 6 years after it was founded.
MicroEnsure is headquartered in Cheltenham, United Kingdom. It is registered at Cheltenham, Gloucestershire, United Kingdom.
MicroEnsure is a funded company, having raised a total of $28M across 5 funding rounds to date.
Annual revenue of MicroEnsure is $3.2M as on Dec 31, 2018.
MicroEnsure was founded in 2002 in Cheltenham, United Kingdom, within the insurance sector. An online platform is operated to deliver micro-insurance products tailored for low-income individuals and businesses. Coverage is provided for asset protection against damage, risks associated with self-insuring, event cancellations, and related needs. Insurance claims management services are also handled through the platform, supporting operations across various geographies.
MicroEnsure's top competitors include MetLife, Legal & General and Saga.
MicroEnsure offers MiIncome, MiIdentity, MicroPay, MiConnect, and Coverpoint.
MicroEnsure has 9 investors. Key investors include AXA, International Finance Corporation, Telenor, Turaco, and Gates Foundation.
The valuation of MicroEnsure is $44.76M as of Jul 2017.