Curacel is a Nigerian insurance infrastructure company founded in 2019 by Henry Mascot and John Dada that helps insurers and digital platforms in emerging markets process claims and distribute products via APIs. Its AI-powered platform lets claims be submitted and processed in real time, helping insurers cut claims cycles by more than 70% and process up to 10x more claims, with products spanning Health AI, Auto AI, claims fraud detection, document extraction, support automation, and embedded insurance distribution. Curacel is used by 100+ banks, fintechs, logistics and e-commerce platforms across markets including Nigeria, Ghana, Kenya, Uganda, Tanzania, Rwanda, Morocco and Egypt, and counts insurers like AXA, Allianz and Old Mutual among its partners. In February 2023 Curacel raised a $3 million seed round to scale and expand into North Africa, with investors including Tencent, Blue Point Capital Partners, Y Combinator, Olive Tree Capital, Elefund and angels such as Fitbit's James Park and Flutterwave's Olugbenga Agboola.
Curacel
ActiveAI insurance infrastructure for emerging markets
Total raised
$3.5M
2 rounds
Stage
Seed
Feb 2023
Team
11-50
since 2019
Pricing
Enterprise
Founded
2019
Lagos, Nigeria
Agent-ready
API
Score 55/100
AI-powered claims automation
Health insurance claims processing
Motor (auto) claims and underwriting
Claims fraud detection
Document data extraction (Extract AI)
Embedded insurance distribution
Insurance APIs for fintechs and platforms
Support automation for insurers
55/100
Developing
MCP server
Public API
Webhooks
OAuth 2.0
SDKs
Cumulative raise
From 2019 to 2026 · 2 rounds tracked
Total
$3.5M
Feb 2023 Seed $3M ● Tencent
Mar 2021 Pre-Seed $450K incl. Atlantica Ventures +1
Capital network
$3.5M raised ·8 backers·10 network links
- Backers8
- Shared portfoliocompanies these backers also fund
- Extended networkfunds that co-invest alongside them
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- What does Curacel do?
- Curacel provides AI-powered insurance infrastructure for claims automation, fraud detection, and distribution across Africa and emerging markets.
- How much has Curacel raised?
- Curacel raised a $3 million seed round in February 2023 led by Tencent, after a $450K pre-seed in 2021.
- Which markets does Curacel serve?
- It operates across Nigeria, Ghana, Kenya, Uganda, Tanzania, Rwanda, Morocco, and Egypt.
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