Founded in 2017, OKO develops and distributes mobile-first climate and crop insurance products tailored to smallholder farmers who are vulnerable to erratic weather. Farmers register and manage policies entirely through their phones, allowing OKO to serve remote communities in Ivory Coast, Mali, Uganda, Mozambique, and Angola. To date, the platform has protected more than 33,000 farmers and has paid every validated claim, bolstering user trust and partner confidence. The company’s data-driven underwriting helps partners such as financial institutions, agritech firms and agro-industries embed automated insurance into existing value chains. With climate volatility increasing, OKO positions its insurance as an essential resilience tool rather than an optional add-on. The newly raised capital strengthens its balance sheet and will fund geographic expansion, deeper integrations with partners, and further product development aimed at large agricultural businesses as well as smallholders. Although specific revenue figures are not disclosed, the company’s successful track record of claim settlements and growing customer base underpin its growth prospects.

Total raised

$2M

Funding rounds

3

Latest round

Seed

Latest activity

Nov 2023