About SUNU Assurances Nigeria
SUNU Assurances Nigeria is a company based in Lagos (Nigeria) founded in 1998.. The company has 199 employees as of December 31, 2024. SUNU Assurances Nigeria operates in a competitive market with competitors including Intact Ventures, Royal Exchange, Guinea Insurance, Veritas Kapital and Law Union & Rock Insurance, among others.
- Headquarter Lagos, Nigeria
- Employees 199 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sunu Assurances Nigeria Plc
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Annual Revenue
$0 (USD)39.82as on Dec 31, 2025
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Net Profit
$0 (USD)-50.89as on Dec 31, 2025
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EBITDA
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Latest Funding Round
$7.86 M (USD), Post-IPO
Jan 04, 2021
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Investors
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Employee Count
199
as on Dec 31, 2024
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IPO & Listings of SUNU Assurances Nigeria
SUNU Assurances Nigeria is a publicly listed company on the NSENG with ticker symbol SUNUASSUR in Nigeria, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of SUNU Assurances Nigeria
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $7.9M
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First Round
First Round
(04 Jan 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Post-IPO - SUNU Assurances Nigeria | 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 |
Investments & Acquisitions by SUNU Assurances Nigeria
| 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 - SUNU Assurances Nigeria
| 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 |
Sunu Assurances Nigeria Comparisons
Competitors of SUNU Assurances Nigeria
SUNU Assurances Nigeria 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 Intact Ventures, Royal Exchange, Guinea Insurance, Veritas Kapital and Law Union & Rock Insurance, 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 |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
Property and casualty insurance is provided by Royal Exchange.
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| domain | founded_year | HQ Location |
Diversified property and casualty insurance is offered in Nigeria.
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| domain | founded_year | HQ Location |
Operates as a property and casualty insurance carrier, providing tailored coverage solutions.
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| domain | founded_year | HQ Location |
P&C insurance carrier
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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 Sunu Assurances Nigeria
Frequently Asked Questions about SUNU Assurances Nigeria
When was SUNU Assurances Nigeria founded?
SUNU Assurances Nigeria was founded in 1998 and raised its 1st funding round 23 years after it was founded.
Where is SUNU Assurances Nigeria located?
SUNU Assurances Nigeria is headquartered in Lagos, Nigeria. It is registered at Lagos, Lagos State, Nigeria.
Who is the current CEO of SUNU Assurances Nigeria?
Morufu Apampa is the current CEO of SUNU Assurances Nigeria.
How many employees does SUNU Assurances Nigeria have?
As of Dec 31, 2024, the latest employee count at SUNU Assurances Nigeria is 199.
What does SUNU Assurances Nigeria do?
SUNU Assurances Nigeria was established in 1998 and is based in Lagos, Nigeria. The company operates within the property and casualty insurance sector, providing coverage for various risks including motor, fire, and liability. Services are delivered primarily to clients in the Nigerian market through a network of branches. Leadership is held by Morufu Apampa as CEO and Managing Director, overseeing daily operations and strategic direction.
Who are the top competitors of SUNU Assurances Nigeria?
SUNU Assurances Nigeria's top competitors include Intact Ventures, Royal Exchange and Guinea Insurance.
Is SUNU Assurances Nigeria publicly traded?
Yes, SUNU Assurances Nigeria is publicly traded on NSENG under the ticker symbol SUNUASSUR.
What is SUNU Assurances Nigeria's ticker symbol?
The ticker symbol of SUNU Assurances Nigeria is SUNUASSUR on NSENG.