The insurtech confirms its dynamism and closes this round 15 months after a first round of €1.8M in July 2020. Baloon’s historical shareholders are joined by investment funds, including P1 Ventures, specialists in Insurtech in Africa. This operation will enable the startup to accelerate its development by strengthening its partnerships and revolutionizing claims management locally.

Since 2017, Baloon’s teams have been on a mission to transform the face of insurance in French-speaking Africa.

The company has developed an innovative platform allowing both individuals to insure themselves in a few clicks and companies to go digital.

“Our innovative platform is a complete break with the traditional offer of the existing players and comes to meet the expectations of customers. A simple and secure user experience with intuitive interfaces, customized offers negotiated with the largest companies in the market and an impeccable quality of service are the pillars of our strategy to build insurance for all in Africa.”

Bertrand Vialle, President and Founder of Baloon