Return to: Business NewsEnsurance Joins FasterCapital’s LaunchUp Program to Revolutionize Insurance and Education for the African ChildEnsurance, an innovative Ghana-based startup founded by Bernard Otchere, has joined FasterCapital’s LaunchUp program. The company is on a mission to blend education technology and risk-managed insurance solutions tailored to the African context. Through its flagship application, ENSURANCE, the company aims to equip children and young adults with the tools and direction they need to make informed life decisions—bridging educational disparities and offering preemptive insurance support. The startup, which grew out of the 2015 establishment of the BOGC Foundation for the African Child, integrates artificial intelligence and nearest neighbour algorithms to design adaptive insurance policies tied to educational development. These policies are aimed at guiding children through their formative years with personalized insights and strategic support. Currently, Ensurance is raising $200,000 to support its three-phase project rollout. This includes data collection from educational institutions, development of the ENSURANCE app, and a regional pilot in Greater Accra, Ghana. As part of its outreach strategy, the project also includes a mobile transport service that doubles as a revenue generator and community engagement vehicle, reaching up to 5,000 schools across the region. “We are excited to welcome Ensurance into the LaunchUp program,” said Bashar Hamood, Venture Partner at FasterCapital. “Their approach to combining insurance with educational empowerment is both innovative and socially impactful. We believe they are addressing a critical gap in the African market.” Hamood added, “At FasterCapital, we’re committed to backing founders who are not only tech-driven but also purpose-led. Bernard and his team exemplify this mission with a vision that merges financial engineering with human development.” From the company’s side, Bernard Otchere shared, “Joining FasterCapital’s LaunchUp program is a major step for us. It’s an affirmation of the work we’ve done so far and the potential we see in ENSURANCE to transform young lives across Africa. With this partnership and the funding we are raising, we are one step closer to ensuring no child is left behind due to lack of guidance or opportunity.” Ensurance is not just building an app—it is constructing a system for societal change, starting with the children and youth of Gh ... News Release: Ensurance Joins FasterCapital’s LaunchUp Program to Revolutionize Insurance and Education for the African Child Submitted on: June 05, 2025 06:16:18 AM Submitted by: Sally Yazji On behalf of: fastercapital.com/ |