The solution aims to revolutionize the insurance sector in Africa. In 2022, it raised $1.5 million in pre-seed funding to develop its technology and support growth across the continent.

ETAP is a digital solution developed by a Nigerian startup, enabling users to purchase insurance policies in 90 seconds, file claims, process completed claims in just 3 minutes, and receive payouts quickly with a few clicks. Based in Lagos, the startup was founded in 2022 by Ibraheem Babalola.

Shortly after its launch, ETAP successfully raised $1.5 million in a funding round. The funds were used to develop its mobile application and support its growth. In a press release on Thursday, October 30, ETAP announced its expansion into Ghana through a partnership with the local subsidiary of South African insurer Hollard Insurance.

The mobile app is available on iOS and Android, with over 5,000 downloads on the Play Store, according to platform statistics. After downloading the app, users create an account to access the startup's services. ETAP offers both annual and short-term insurance coverage, ranging from one day to 28 days. Through the app, users can manage their insurance policies, renew them, and view their claims history.

The insurtech also rewards safe driving behavior with points for drivers who avoid accidents. These points can be redeemed for vouchers, fuel, movie tickets, concert access, and other attractive rewards at retail outlets. "You can accumulate these points to earn rewards at over 500 stores or compete with your friends and colleagues on the ETAP leaderboard," the startup explains.

By Adoni Conrad Quenum,

Editing by Sèna D. B. de Sodji