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
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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
Employee Count
- 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. 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 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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $7.0M
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First Round
First Round
(01 Jun 2008)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series B - MicroEnsure | Valuation | Omidyar Network | |
| Mar, 2016 | Amount | Series B - MicroEnsure | Valuation | Omidyar Network | |
| Jun, 2014 | Amount | Series B - MicroEnsure | Valuation | Telenor |
| 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 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. 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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Investing in technology, digital culture, governance, and business initiatives.
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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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Insurance, banking, and wealth 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 MicroEnsure
| 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 - MicroEnsure
| 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 |
Microensure Comparisons
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. 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 |
Internet-based life, health, auto, home, and pet insurance is offered.
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| domain | founded_year | HQ Location |
Saga is recognized as a trusted British brand for over-50s, offering insurance, holidays, and financial products.
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| domain | founded_year | HQ Location |
Life, home, pet, and general insurance services are offered online.
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| domain | founded_year | HQ Location |
Insurance and financial services are distributed digitally by BGL Group.
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| domain | founded_year | HQ Location |
Mobile-based insurance and health services are delivered through a platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Microensure
Frequently Asked Questions about MicroEnsure
When was MicroEnsure founded?
MicroEnsure was founded in 2002 and raised its 1st funding round 6 years after it was founded.
Where is MicroEnsure located?
MicroEnsure is headquartered in Cheltenham, United Kingdom. It is registered at Cheltenham, Gloucestershire, United Kingdom.
Is MicroEnsure a funded company?
MicroEnsure is a funded company, having raised a total of $28M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10.4M, raised on Jun 01, 2008.
What is the annual revenue of MicroEnsure?
Annual revenue of MicroEnsure is $3.2M as on Dec 31, 2018.
What does MicroEnsure do?
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.
Who are the top competitors of MicroEnsure?
MicroEnsure's top competitors include MetLife, Legal & General and Saga.
What products or services does MicroEnsure offer?
MicroEnsure offers MiIncome, MiIdentity, MicroPay, MiConnect, and Coverpoint.
Who are MicroEnsure's investors?
MicroEnsure has 9 investors. Key investors include AXA, International Finance Corporation, Telenor, Turaco, and Gates Foundation.
What is MicroEnsure's valuation?
The valuation of MicroEnsure is $44.76M as of Jul 2017.
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