Johannesburg-based credit life insurance provider Yalu is currently raising a Series-A round, CEO and co-founder Nkazi Sokhulu has revealed. He would not reveal the amount in investment that the startup is seeking to raise.
Sokhulu (pictured above) told Ventureburn in an email on Tuesday (17 September) that Yalu will use the funding to expand its product capability, grow distribution reach and build more operational capacity.
Sokhulu founded the credit life insurance provider in 2017 with COO Tlalane Ntuli. The insurtech launched operations last year.
The startup, which currently employs 25 people, has been selected by San Francisco-based venture capital (VC) firm Alter Global to be one of its 25 Alter Global Ventures.
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