PaddyCover

PaddyCover is a Nigerian insurtech startup founded in 2018, based in Lagos.

The company focuses on providing affordable pay-as-you-go (PAYG) insurance solutions across Nigeria and Africa. By partnering with established insurers, underwriters, and brokers, PaddyCover aims to increase insurance accessibility in underserved markets. The company offers a range of insurance products, including health, life, auto, home, motorcycle, and personal accident policies. Its insurer-agnostic platform allows for the creation of customized policies, and it features an agent financing platform that supports brokers and agents in selling and financing premiums. PaddyCover's innovative approach includes flexible payment options, making insurance more affordable for lower-income users. With over 12,000 active policies and a focus on organic growth through agent networks, PaddyCover is committed to enhancing insurance penetration in Nigeria.