Wiassur
5 known investors
WiASSUR is an Abidjan-based digital insurance broker distributing auto, health, life, travel and home policies in Africa.
Also known as WiASSUR · WIASSUR
Investors · 5
Also in the syndicate · 2
Company profile
researched Aug 2026WiASSUR is a digital insurance broker founded in 2021 and headquartered in Abidjan, Côte d'Ivoire. It distributes insurance policies across auto, health, life, travel and home lines through an online platform, positioning itself on a fully digitised customer experience intended to make cover more accessible to African consumers and businesses.
The company operates a B2B2C model and has used external capital to expand into additional African markets. In mid-July 2024 pan-African conglomerate AXIAN Group, through its AXIAN Investment arm, acquired an equity stake that made it WiASSUR's second-largest shareholder, with an accompanying governance role. AXIAN framed the transaction as the first step of a broader insurance-sector roadmap on the continent, aimed at advancing digitalisation and financial inclusion.
Founding story
The company was founded in 2021 and co-founded by Teva Fontaine, who serves as CEO.
Business model
WiASSUR acts as an insurance intermediary (broker) distributing third-party policies to end customers via a digital platform, following a B2B2C approach in which partners channel insurance products to consumers.
Traction
Seed capital raised in 2023 supported expansion into four new African markets; WiASSUR is part of Daba's investment portfolio.
Latest developments
AXIAN Group's stake acquisition closed in mid-July 2024 and was publicly reported in September and October 2024, making AXIAN the second-largest shareholder with a governance role in the company.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positioned within the African insurtech segment as a digital broker; AXIAN's investment was described as its first move into insurance on the continent, citing the sector's high growth potential.
Technology
An online insurance distribution platform providing a fully digitised customer journey for purchasing and managing policies.
Go-to-market
African consumers seeking auto, health, life, travel and home insurance, as well as businesses, per statements from the company's CEO on individuals and businesses.
Geography
Headquartered in Abidjan, Côte d'Ivoire, with capital from its 2023 seed round earmarked for expansion into four additional African markets.
History
Founded in 2021 in Abidjan, WiASSUR raised a $300,000 seed round in 2023 that was facilitated through the Daba investment platform, which allowed both retail investors (from $500 via a Direct SPV option) and institutional investors to participate. In mid-July 2024, AXIAN Group's AXIAN Investment subsidiary closed the acquisition of a stake, becoming the second-largest shareholder and taking a governance role.
Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsAXIAN Group, via subsidiary AXIAN Investment, closed the acquisition of a stake in WiASSUR in mid-July 2024, becoming the company's second-largest shareholder with a governance role. AXIAN described the deal as the first step in its insurance-sector strategy across Africa.
WiASSUR raised a $300,000 seed round with lead investors First Circle Capital and Microtraction; retail investors could participate from $500 through Daba's Direct SPV option and institutional investors such as Proximity Ventures were introduced via Daba's Institutional Investor Network. Proceeds funded expansion into four new African markets.
$300K source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 3
primary sources listed
- Dabafinance - AXIAN Acquires Stake in Daba Portfolio Company WiASSURdabafinance.com · web
3 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Wiassur do?
- WiASSUR is an Abidjan-based digital insurance broker distributing auto, health, life, travel and home policies in Africa.
- Who are Wiassur's investors?
- Wiassur's investors include Chui Ventures, First Circle, Microtraction.