The Base

A microinsurer providing fire detection IoT devices and fire insurance in informal settlements

OVERVIEW
  • Founding Year
  • 2014
  • Industry
  • Fintech
  • Segment
  • InsurTech
  • Operating Status
  • Active
Social Links
ABOUT

Lumkani is a Fintech company based in Capetown South Africa. The company is focused on InsurTech segment with an aim to mitigate the loss of life and property caused by slum fires in South Africa. The startup has developed a networked early warning fire detection system and distributed it to informal settlements across the country. The company provides household insurance against fire to informal homes, in partnership with Hollard Insurance, who acts as the policy's underwriter.

South Africa

Lumkani IN NEWS

Funding Rounds: 2Total Funding: $0.08 M
Month/Year Amount Round Type Investors Lead Investor
June 2018 Undisclosed Seed Lireas Holdings, 4Di Capital, Accion Venture Lab
June 2015 $75 K Grants/Prize Money Chivas Ventures

Funding History graph

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Name Designation Social Links  
David Gluckman Co-Founder & Director
Paul Mesarcik Co-Founder & Director
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Company Name Date Amount Stake Source
No acquisition found related to Lumkani
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