Did you know that nearly 400 million farmers are dependent on rainfall to succeed, but only 15 million, or 3 percent, are protected by insurance? With the help of OKO, crop insurance is becoming more accessible to African farmers as they can sign up for it through their mobile phones. OKO uses real-time satellite data and rainfall monitoring to determine how much rain is needed for a healthy harvest, and if the rainfall drops below the thresholds, it automatically triggers a
KPMG and H2 ventures just released their yearly ranking of the top 100 Fintech companies globally. The Fintech100 comprises a ‘Top 50’ and an ‘Emerging 50’ and highlights companies that are disrupting the financial services industry. This second list includes OKO! This positions OKO alongside other emerging companies like Next Insurance and Tokeny, and rewards the efforts made by OKO this year to create traction and promote our services globally. This comes only a few weeks a
The FinTech 50 is the first list in the world to recognise Fintech in Europe for innovation. In this year's edition you will find many of the global stars of the industry, that are changing the face of banking and insurance, such as Alan, N26 and Revolut. You can also find BIMA, eToro and WorldRemit in the "Hall of Fame". All the companies in the list were selected by 47 judges that work all around Europe in the finance ecosystem: lawyers, bankers, investors, incubator manage
OKO is here to support the farmers when they suffer from a bad season. And it's just what we did with rice producers in Mali who suffered a bad harvest. Immediately after their loss was confirmed, OKO paid their claims over mobile money, and beneficiaries received it only minutes later. We went to meet them in their field to ask them how they felt about this new process. We just published all these testimonials in the OKO Mali section of our website. Finally you can hear and
OKO was in the news yesterday, with our CEO Simon Schwall interviewed on ILTV. In this news segment, Simon briefly explains how farmers can benefit from a low-cost crop insurance product through our technology. It is a safety net needed by billions of people to be able to invest in their business without the risk of losing it all. Simon also mentioned the latest achievement of OKO, with the Mali pilot reaching almost 500 farmers who registered for insurance. #OKO #Interview #
OKO has been invited by Airbus Defence & Space to have a booth on their "hub" at VivaTech 2018. Viva Technology is nicknamed France's CES and last year hosted 68,000 people, 6,000 startups, 1,400 investors, 103 countries and 1 Emmanuel Macron OKO will be showcasing how satellite information can be used to measure weather risk and create affordable insurance products. We will be at the summit for 3 days and would be very happy to meet you there! Please contact us at info@oko.
In December 2017, OKO was one of the 6 stat-ups invited by the World Bank to pitch in front of an audience of young leaders and decision makers. Our full 7-min pitch (and the Q&A session) is now available online on YouTube. Subscribe to our YouTube channel to be notified next time we post a video! #YouthSummit #OKO #Pitch #Event