OKO builds automated agricultural insurance products for smallholder farmers using satellite data and mobile payments to detect weather-driven losses and pay claims. The company operates in Mali and Uganda and aims to expand to other African markets, starting with Ivory Coast. Its service is accessible via a short phone code and mobile money (no smartphone required) through partnerships with mobile operators such as Orange Money. OKO has about 7,000 paying customers in Mali and compensated more than 1,000 farmers affected by floods last year; it has run successful pilots with ABInBev and Touton. The startup positions itself as an inclusive, parametric-style insurer that also works with agro-industries to help meet sustainability and supplier‑security goals. OKO was founded in 2017.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2021