Startup’s name: Vaai.co
Launch Date: April 2020
Thabang Butelezi: Co-founder, Product & Insights
Duncan Barker: Co-founder, Sales & Operations
The problem: Traditional insurance is unaffordable and isn’t a feasible option for many South Africans. The solution: This team has developed an affordable, prepaid accident repair insurance product for lower value vehicles. Vaai.co is targeted at South Africans who traditional insurers generally perceive as high-risk; so they are often priced out of the market.
One of Vaai.co’s greatest challenges was convincing an insurer to back them.
What differentiates them is how they’re built around an ecosystem as opposed to being a standalone organisation.
Read find out more about the transformative fintech: www.vaai.co