As stated on the project disclosure page, the IFC is considering an equity investment into Pula Advisors AG, an insurance technology company (insuretech) that designs and implements agriculture index insurance solutions for smallholder farmers in Africa. The investment will be into a holding entity in Switzerland which in turn owns its operating subsidiary entities in Africa. The project is expected to be supported by the Global Agriculture and Food Security Program (GAFSP) as described in the Blended Finance Section.
The IFC categorized the project as FI-3.
As stated on the company's website, Pula is an agricultural insurance and technology company that designs and delivers innovative agricultural insurance and digital products to help smallholder farmers endure yield risks, improve their farming practices, and bolster their incomes over time.
As stated by the IFC, shares of the Company are held by the Company’s Founders, TLcom Capital, African Risk Capacity, Women’s World Banking, BlueOrchard, Bill & Melinda Gates Foundation, and several other institutional and individual investors.
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