According to bank provided information, the IFC is considering an equity investment into Naked Financial Technology Pty Ltd (“Naked” or “the Company”), a full-stack insurtech in South Africa that offers personal-lines auto, home and single item insurance. The investment will be into a holding entity in South Africa that owns 100% of Naked.
Shares of the Company are held by the Company’s co-founders, Yellowwoods Capital (a South Africa-based private investment group), Hollard Group (a South Africa-based privately-owned insurance group) and Naspers Foundry (an investment vehicle of Naspers that focuses on South Africa’s local tech startups).
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Naked Financial Technology Pty Ltd
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