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Lami Technologies

“Can a Kenyan insurtech build the API infrastructure layer that makes insurance accessible and embeddable across Africa's diverse distribution channels?”

Founded2018
HQNairobi, Kenya
FoundersJihan Abass
Total raised$5.5M+
Latest roundSeed Extension, 2022
IndustryFintech / Insurtech
The story

Founded in 2018 as a B2B API-first insurtech, Lami built an embedded insurance infrastructure layer enabling any business to add insurance products to their offerings across Africa. After raising $5.5M+ and expanding into Egypt, Nigeria, Malawi, and DRC, the company underwent a strategic pivot — shifting from a pure API platform toward also serving insurance agents and brokers directly via a digital management platform (lami.world). A high-profile acquisition of Bluewave Insurance Agency in 2022 later collapsed, representing a setback in its inorganic growth strategy. The company now operates primarily as a digital insurance platform for agents and an insurance-as-a-service API for embedding insurance into third-party products.

Last 12 months
2023-12
2024-10
Product timeline
2018
Lami Technologies founded in Nairobi, Kenya with a mission to democratize insurance in Africa through technology.· pivot
2020
Launched first product: an end-to-end digital insurance platform and API enabling businesses to create tailored insurance solutions.· banking
2021
Raised $1.8M seed round led by Accion Venture Lab to scale API insurance platform across Africa.· banking
2022
Announced acquisition of Bluewave Insurance Agency (later collapsed), entered Malawi and DRC markets.· acquisition
2022
Raised $3.7M seed extension led by Harlem Capital; expanded into Egypt and Nigeria.· banking
2023
Bluewave acquisition revealed to have collapsed; Bluewave founder departed after terms changed.· pivot
2024
Pivoted to enabling insurance agents and brokers to digitize operations via an agent management platform at lami.world.· pivot
Same company
Lami Technologies was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
Safaricom3 layers →SasaPay1 layer →
The stack
0 layers disclosed in Lami Technologies’s embedded-finance stack
Accounting gap: none

Lami Technologies — frequently asked

Who founded Lami Technologies?

Lami Technologies was founded by Jihan Abass and is founded in 2018, headquartered in Nairobi, Kenya.

How much funding has Lami Technologies raised?

Lami Technologies has raised $5.5M+ in total (latest round: Seed Extension, 2022).

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