OKO Finance, a agri-insurtech startup, has raised a six-digit funding round to accelerate its mission of building climate resilience for smallholder farmers across Africa. The investment, backed by Catalyst Fund and other partners, underscores growing confidence in technology-driven solutions for agricultural risk management.
Smallholder farmers are among the most vulnerable to climate change, facing unpredictable weather patterns, droughts, and floods that threaten their livelihoods. OKO addresses this challenge by offering affordable crop insurance, ensuring farmers can recover from losses and maintain financial stability.
OKO leverages mobile technology and satellite data to simplify insurance distribution and claims processing. Farmers can access coverage directly through their phones, while satellite imagery helps assess risks and validate claims quickly and accurately.
Catalyst Fund highlighted OKO’s strong alignment with climate resilience goals and its potential for large-scale impact in emerging markets. By combining accessibility, affordability, and advanced technology, OKO is positioned to transform agricultural insurance for millions of farmers.
The new funding will enable OKO to expand its reach, enhance its technology platform, and develop new products tailored to the needs of smallholder farmers. This milestone marks a significant step toward creating a more sustainable and secure future for agriculture in Africa.
