Investors put R30m more in SA insurtech Naked after ‘strong first 6 months’

SA insurtech startup Naked has landed a further R30-million from its investors — private investment group Yellowwoods and insurance company Hollard — and plans to grow its team, ramp up customer acquisitions and expand into new short-term insurance product categories.
In a press release today, the startup — which provides artificial intelligence-driven car insurance — said its investors committed the additional funding after the startup recorded a strong first six months of trading, after launching its first product in April, following about a year and a half in development.
Without providing figures, the startup said customer acquisition and retention rates had exceeded the company’s expectations.

Investors committed the […]

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