Myka

Myka is a digital insurance brokerage and marketplace serving consumers and small and medium-sized enterprises (SMEs) in Nigeria. Licensed by Nigeria's National Insurance Commission (NAICOM), the company operates a mobile app that lets users compare and buy policies from more than 17 underwriters in real time, including AIICO Insurance, Leadway Assurance, Cornerstone Insurance, Coronation Insurance, emPLE Insurance, Rex Insurance, and Tangerine Insurance.

The platform covers motor, health, travel, property/home, mobile phone and gadget, business, and life insurance lines, with policy documents delivered to customers over WhatsApp after purchase. Alongside the direct-to-consumer app, Myka is building a referral and agent distribution network -- car dealers, pharmacists, travel agents, and community associations who introduce insurance products during routine commercial interactions. This distribution model entered NAICOM's regulatory sandbox in May 2026.

Myka was founded in 2025 by Sim Shagaya, previously the founder of Konga and uLesson, together with Muritala Ahmed and Oluwadamilola Okenla. The company raised a pre-seed round in June 2026 led by Ventures Platform and TLcom Capital, with participation from angel investors including Shola Akinlade (Paystack), Ridwan Olalere (LemFi), and Olumide Soyombo (Voltron Capital).