Insurance Post

Bima set to expand in Asian and Lat Am markets

Illustration of man holding the world on his shoulders with money sprouting from individual countries

Emerging markets mobile insurer Bima has raised an additional $22m (£13.2m) to support its expansion into several new markets in Africa, Asia and Latin America.

The capital was raised through funding from Bima’s three existing shareholders: emerging markets-focused investors Kinnevik and LeapFrog Investments, and Millicom, the international telecommunications

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