PROJECT

Projects

Summary of Investment Information

Project Number

48446

Company Name

PULA ADVISORS GMBH

Date SPI Disclosed

Nov 3, 2023

Country

Africa Region

Region

Africa

Projected Board Date

Nov 17, 2023

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Feb 29, 2024

Department

Disruptive Tech, Service & Funds

Industry

Financial Markets

Previous Events

Approved : Jan 25, 2024
Signed : Jan 26, 2024
Invested : Feb 26, 2024

Sector

General Insurance (Non-Life)

Additional Project Attributes

Blended Finance

Project Description

  IFC is considering an equity investment into Pula Advisors AG (“Pula” or “the Company”), an insurance technology company (insuretech) that designs and implements agriculture index insurance solutions for smallholder farmers in Africa. The investment will be into a holding entity in Switzerland which in turn owns its operating subsidiary entities in Africa. The project is expected to be supported by the Global Agriculture and Food Security Program (GAFSP) as described in the Blended Finance Section.                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation