WiASSUR aggregates various types of insurance offerings via its digital platform, allowing users to compare products and prices easily and transparently, and get insured in just minutes.
It has now sold a stake in its business to AXIAN Group, which invests through its subsidiary AXIAN Investment. A pan-African group present in 15 countries and specialized in five high-growth potential business sectors, including financial services, AXIAN becomes the second largest shareholder in WiASSUR and will assume a governance role.
Teva Fontaine, CEO of WIASSUR said: “WiASSUR shares AXIAN Group’s vision, which places a positive impact at the heart of its DNA. We firmly believe that development and well-being is achievable through risk pooling, a key mechanism that insurance perfectly embodies.”
“By promoting accessible and tailored insurance solutions, we aim to contribute to a more stable and secure future for individuals and businesses, thereby enabling sustainable and inclusive growth,” Fontaine added.
Hassane Muhieddine, CEO of AXIAN Financial Services said: “AXIAN Investment enables us to invest strategically in companies to create value while supporting economic development in Africa. This equity investment in WiASSUR demonstrates our continued support for innovative initiatives in response to major challenges across the continent while strengthening our presence in the insurance sector. We have great ambitions in this fast-growing sector.”
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