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Octamile connects insurers and other businesses to insurance products and related technology.
Octamile enables non-insurance businesses to offer insurance through their products and provides insurers with data and tools for customer experience, administration and portfolio management. Its products include automated claims, vehicle history and valuation, and embedded insurance. Founded in 2021 by CEO Gbenro Dara, the company is based in Lagos, Nigeria. In December 2021, it raised USD 500,000 from EchoVC Partners, Fiat Growth, Kesho Capital, Trade X Corporation and Verraki Partners.
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