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Kifiya Financial Technology

AI-powered digital financial infrastructure enabling microinsurance and credit access across Africa

Underwriting & Risk Established Seed
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Overview

Kifiya Financial Technology is an AI-driven digital financial infrastructure platform for financial institutions, microfinance institutions (MFIs), and insurers serving underbanked populations across Africa. The company designs and deploys risk decisioning systems, embedded finance infrastructure, and insurance platforms that expand access to credit, micro-insurance, payments, and market linkages for micro, small, and medium enterprises (MSMEs) and smallholder farmers.

The platform is built around an alternative data-driven AI scoring engine (ASCENT) that generates credit and risk profiles for segments that lack traditional financial histories. Delivery is via embedded finance APIs and nine distinct product platforms including Intelligent Financial Services (IFS), Sharia-compliant digital finance, AgriFinTech, and AI Risk Decisioning. The agricultural insurance offering -- Vegetation Index Crop Insurance (VICI) -- uses parametric triggers to extend micro-insurance to smallholder farmers in Ethiopia, co-funded with a 2M EUR InsuResilience Solutions Fund grant.

Kifiya has served 1.4 million MSMEs and smallholder farmers and enabled over USD 700 million in financing across Africa. Key institutional partnerships include Mastercard Foundation (SAFEE program), the International Finance Corporation (IFC), and Oromia Insurance Company. The World Bank Group and IFC have highlighted the company as a global model for AI-driven financial inclusion.

Products & Services

VICI -- Vegetation Index Crop Insurance

Parametric micro-insurance product using satellite-based vegetation index data to provide crop insurance coverage for smallholder farmers in Ethiopia.

Key Features

  • Satellite-based parametric triggers (no field adjuster required)
  • Targets smallholder farmers in Oromia and Southern regions
  • Co-funded by 2M EUR InsuResilience Solutions Fund grant
  • Extended program for two additional years after initial award

Target Users: Insurance carriers, agricultural programs, smallholder farmers

ASCENT -- AI Risk Decisioning Platform

Alternative data-driven credit scoring and risk assessment platform enabling financial institutions to underwrite previously unscorable borrowers.

Key Features

  • Alternative data-based credit scoring for MSMEs and smallholder farmers
  • Loan portfolio management and liquidity management tools
  • ASCENT credit pathway to build creditworthiness progressively
  • Integration with MFIs, banks, and fintech lenders

Target Users: Banks, MFIs, FinTechs, insurance underwriters

Intelligent Financial Services (IFS) Platform

Embedded finance suite enabling banks and MFIs to offer credit, payments, insurance, and wallet products through a single API-driven infrastructure.

Key Features

  • IFS as a Service for financial institutions
  • Device financing, invoice financing, and B2B eCommerce modules
  • Embedded finance APIs for rapid product integration
  • Supports ETB 13.3 billion (approx. USD 100.3 million) in MSME lending to date

Target Users: Banks, MFIs, digital lenders, financial infrastructure operators

Sharia-Compliant Digital Finance

Islamic finance-aligned products including the Sharia Intelligent Financial Services Platform and Halal Gebeya marketplace.

Key Features

  • Sharia-compliant credit and financial products
  • Halal Gebeya marketplace for Islamic commerce
  • Named Top 3 Global Innovation at 7th EFICA (Abu Dhabi Islamic Bank and London Stock Exchange Group)

Target Users: Islamic finance institutions, underserved Muslim-majority populations

AgriFinTech Platform

Rural financial services suite combining contract farming, rural credit, and micro-insurance products for smallholder farmers.

Key Features

  • Rural financial services and contract farming linkages
  • Ag Micro Insurance products linked to crop cycles
  • Serves 1.032 million smallholder farmers through program partnerships

Target Users: Agricultural cooperatives, development finance institutions, rural banks

At a Glance

Founded
2010
Headquarters
Addis Ababa, Ethiopia
Employees
201-500
Funding
Seed

Category & Focus

Category
Underwriting & Risk
Subcategories
Microinsurance Parametric Insurance Credit Scoring Embedded Finance AgriFinTech
Insurance Verticals
Specialty/E&S P&C Personal
Target Customers
Carriers, MGAs/MGUs

Customers

  • Oromia Insurance Company
  • National Bank of Ethiopia

Links

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Last updated: 2026-06-22