Bismart
Digital insurance aggregator connecting African consumers to multiple insurance providers through a mobile-first blockchain platform.
Overview
Bismart is a digital insurance aggregation and distribution platform for African consumers, founded in 2017 by Eunice Maina in Nairobi, Kenya. The platform enables individuals to compare, select, and purchase insurance and investment products from multiple providers through a single mobile interface, targeting previously uninsured and underinsured populations across Africa.
The platform is built on a blockchain backend that uses smart contracts for policy management and premium payment processing. Mobile-money integration -- including M-Pesa compatibility -- allows customers to complete transactions directly from their mobile devices, leveraging Kenya's existing mobile payment infrastructure. The system automates certain aspects of policy administration and claims processing through smart contract logic.
Bismart received seed funding from the Standard Chartered Women in Technology program (2018) and an investment from GreenTec Capital Partners. The company was recognized by Standard Chartered as the most innovative and scalable business model in its Women in Tech program cohort. Founder Eunice Maina was selected as one of the 54 winners of the Women in Africa Initiative (WIA54) in 2020.
Products & Services
Insurance Comparison and Purchase Platform
A mobile-first digital marketplace that enables consumers to compare insurance quotes from multiple providers and complete purchases in a single flow.
Key Features
- Multi-provider quote comparison across insurance products
- In-app policy purchase and management
- Blockchain-recorded policy transactions for transparency
Target Users: Individual consumers seeking insurance in Kenya and East Africa
Blockchain Policy Management
Smart contract-based infrastructure for insurance premium payments and policy lifecycle management, designed to reduce manual processing and improve trust in insurance transactions.
Key Features
- Smart contract automation for premium collection
- Decentralized transaction records
- Automated policy status tracking
Target Users: Insurance providers and consumers on the Bismart platform
Investment Products Access
Access to investment products alongside insurance, allowing consumers to manage both financial protection and savings through the same platform.
Key Features
- Side-by-side insurance and investment comparison
- Single-platform account management
Target Users: Individual consumers
At a Glance
- Founded
- 2017
- Headquarters
- Nairobi, Kenya
- Employees
- 1-10
- Funding
- Seed
Category & Focus
- Category
- Distribution & Sales
- Subcategories
- Insurance Comparison Digital Aggregator Embedded Insurance
- Insurance Verticals
- P&C Personal Life & Annuity
- Target Customers
- Consumers
Similar Companies
-
bi:sureDigital insurance brokerage platform for independent commercial insurance brokers -
ChamasureGroup-based microinsurance for Kenya's informal economy -
NOEMCloud-based broker management software for Czech insurance intermediaries -
KKonceptHKInsurance broker management software and enterprise solutions for Czech brokers and agencies
-
inPojisteniSoftware platform for insurance comparison and broker management in the Czech Republic -
Bohemia CRMCRM software for insurance brokers and financial advisors built on Microsoft Power Platform
Last updated: 2026-06-25