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Pineapple, South Africa’s leading digital insurance provider, has just secured a groundbreaking R400 million in a Series B funding round, marking the largest Insurtech fundraising on the continent. This achievement reaffirms Pineapple’s transformative approach to insurance.
Led by new investors Futuregrowth, Talent10, and MIC, alongside support from existing investors, Pineapple’s remarkable growth and sustainable claims ratios have captured the industry’s attention.
Pineapple’s tech and AI-powered model allows them to provide insurance at 20% of traditional costs, delivering substantial savings to customers.
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