Curacel, a Nigerian insurtech startup, has raised $3 million in a seed funding round to expand its operations and offerings into North Africa. The funding round was led by Consonance Investment Managers, with participation from several other investors including Kepple Africa Ventures, Tangerine Life Insurance, and Ingressive Capital. Curacel provides an AI-powered platform that enables insurance companies to detect and prevent fraud, reduce claims processing time, and improve their overall efficiency. The company plans to use the new funding to expand its product offerings and reach more customers in Nigeria and other markets in the region. Curacel has already partnered with several leading insurance companies in Nigeria, and the new funding will help it to scale its operations and grow its customer base. The funding round is a sign of the growing interest in insurtech startups in Africa, as investors recognize the potential for these companies to transform the insurance industry and improve access to financial services.

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