$6 million has been amassed through fundraising, as the sum is aimed at covering insurance for smallholder farmers from African countries including Malawi.

The money has been amassed by an Agricultural technology insurance company called Pula, as the firm’s co-founder Rose Goslinga, attributed the contribution to the company’s goal to build and deliver scalable sustainable insurance solutions for Africa’s 700 million smallholder farmers. “In the midst of a global pandemic, farmers need assurances now more than ever and, with this in mind, it is time to scale up. Having TLcom Capital and Women’s World Banking along on the journey with us opens up many more opportunities as we build across the continent and beyond,”Goslinga said.

Launched in 2015 by Goslinga and Thomas Njeru, Pula designs deliver agricultural insurance and digital products to help smallholder farmers endure climate risks, improve their farming practices and bolster their incomes over time.