Yelen Fintech

Digital technology solutions for insurance companies, brokers, and financial service providers across Francophone Africa

Insurtech Infrastructure Growth Bootstrapped

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Overview

Yelen Fintech is a fintech software and services company based in Ouagadougou, Burkina Faso, offering digitalization and payment solutions to insurance companies, brokers, banks, health mutuals, and decentralized financial service providers across the CIMA Zone (14 Francophone African countries). The company focuses on modernizing insurance and financial operations through integrated payment systems, custom software development, data analysis, and blockchain-based solutions.

The company delivers tools for automating insurance workflows, processing payments, and managing health mutual operations, with a particular focus on the operational needs of African insurers and intermediaries. Yelen Fintech also owns Yelen Assurance, a subsidiary recognized in 2018 as the first microinsurance company approved by CRCA (the Regional Insurance Control Commission) in the CIMA Zone, covering personal, agricultural, funeral, credit, and health products.

Yelen Fintech was recognized among the top 15 fintech startups in Burkina Faso in early 2026 and participated in the InsurTech Hub Munich Global Accelerator Program in 2025, indicating growing recognition as an emerging insurtech player in the African market.

Products & Services

Integrated Payment Solutions

Payment processing systems designed for insurance companies and financial service providers operating in African markets, enabling transaction processing for premiums, claims disbursements, and banking services.

Key Features

Insurance-specific payment workflows
Integration with local banking and mobile money systems
Multi-currency support for CIMA Zone operations

Target Users: Insurance companies, banks, decentralized financial service providers

Software Development & Digitalization

Custom software development and process automation services for financial institutions, with a focus on digitizing insurance operations and broker platforms.

Key Features

Digital workflow automation for insurance processes
Broker platform development and modernization
Custom insurance administration systems

Target Users: Insurance companies, brokers, financial institutions

Data Analysis Services

Data analytics tools providing insights into insurance operations and financial performance, supporting underwriting and business decision-making.

Key Features

Insurance operations analytics
Financial performance reporting
Portfolio and risk data analysis

Target Users: Insurance companies, brokers

Blockchain Technology Solutions

Blockchain-based implementations for financial transparency, payment settlement, and insurance transaction verification.

Key Features

Smart contract implementation for insurance agreements
Transparent payment settlement records
Fraud-resistant transaction logging

Target Users: Insurance companies, financial institutions

Mutual Health Services Management

Digital platforms for administering health mutual operations, covering enrollment, benefit management, and claims processing for health insurance cooperatives.

Key Features

Health mutual enrollment management
Benefit administration
Digital claims processing for health mutuals

Target Users: Health mutuals, community health organizations

Yelen Assurance (Microinsurance Products)

Subsidiary offering microinsurance products for underserved populations in Francophone Africa, including personal, agricultural, funeral, credit, and hospitalization coverage.

Key Features

Hospitalization and medical expense coverage
Agricultural crop loss protection
Funeral and life expense coverage
Credit insurance for borrowers

Target Users: Individuals, farmers, borrowers across the CIMA Zone

At a Glance

Founded: 2018
Headquarters: Ouagadougou, Burkina Faso
Employees: 11-50
Funding: Bootstrapped

Category & Focus

Category: Insurtech Infrastructure
Subcategories: Payment Processing Software Digitalization Data Analytics Blockchain Solutions Microinsurance
Insurance Verticals: P&C Personal Health Specialty/E&S
Target Customers: Carriers, Brokers, Agents/Agencies