Insurance Penetration in Kenya is at 2.7% due Lack of education/Knowledge, Mistrust, inaffordability and lack of transparency.
Bismart is a Kenya-based company developing Africa’s first blockchain-powered InsureTech platform to address the primary pain points for African Insurance consumers, namely trust and affordability. The platform will include innovating savings and financial planning tools to help consumers save for and manage premium payments as well as leverage blockchain technology to increase transparency and efficiency.
We believe that this Venture is going to succeed because we are capturing the upward mobile youth very early and grow with them as their income increases.