Bima Raises US$22 Million from Kinnevik, LeapFrog Investments and Millicom (Global)

Source: Bima

Bima, a provider of mobile-delivered insurance in emerging markets, has raised US$22 million from existing shareholders Swedish investment firm Kinnevik, emerging markets financial services investor LeapFrog Investments and international telecommunications and media company Millicom. The follow-on funding will be used to support the company’s expansion into new markets in Africa, Asia and Latin America. Bima currently provides life, accident and health insurance products to customers in Ghana, Senegal, Tanzania, Mauritius, Bangladesh, Sri Lanka, Indonesia and Honduras.