BIMA Raises $96.6 Million

Insurance technology company BIMA secured $96.6 million in financing from Allianz X.

BIMA uses mobile technology to provide insurance and health services to emerging markets. It has established partnerships with mobile operators and international insurers in 14 countries across Africa, Latin America, and Asia Pacific.

The new funding will be used to expand BIMA’s existing products, including a teledoctor service across its existing markets, as well as to move into new countries.