Curacel
Founded Year
2019Stage
Incubator/Accelerator - VI | AliveTotal Raised
$5.01MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-90 points in the past 30 days
About Curacel
Curacel specializes in artificial intelligence (AI) powered insurance software and products for various sectors, focusing on streamlining insurance operations. The company offers solutions for managing and distributing insurance, processing claims, detecting fraud, and automating payment operations, all by artificial intelligence. Curacel primarily serves industries such as logistics, fintech, e-commerce, healthcare, and automotive. It was founded in 2019 and is based in Lagos, Nigeria.
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Curacel's Product Videos
ESPs containing Curacel
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The virtual auto claims assessment market automates the analysis and assessment of auto insurance claims. These vendors typically use augmented reality and computer vision to analyze property claims data submitted by policyholders or adjusters. Additionally, some of these platforms have the ability to capture real-time data, from sources like telematics sensors, at scale. Insurance companies can b…
Curacel named as Challenger among 13 other companies, including Verisk, CCC Intelligent Solutions, and Snapsheet.
Curacel's Products & Differentiators
Curacel Claims
An AI-powered infrastructure that allows for real-time submission and processing of claims, significantly reducing the claims cycle and increasing the number of claims that can be processed.
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Research containing Curacel
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Curacel in 3 CB Insights research briefs, most recently on Dec 18, 2023.
Dec 18, 2023
The P&C claims tech stack market map
Expert Collections containing Curacel
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Curacel is included in 2 Expert Collections, including Insurtech.
Insurtech
3,188 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
13,413 items
Excludes US-based companies
Latest Curacel News
Oct 29, 2024
Mastercard Simplifies Bill Payments with Bill Qkr Get the hottest Fintech Singapore News once a month in your Inbox Payments giant Mastercard has introduced Bill Qkr , a digital solution aimed at simplifying recurring and one-time bill payments for consumers and businesses. Bill Qkr offers a secure, card-based system designed to make payments easier for merchants, acquirers, payment facilitators, and service providers through flexible options and streamlined collection processes. Initial adopters of the service include 2C2P, AXS, CardUp, Curacel, and FitBank, extending across Asia Pacific, Africa, and Latin America. Despite a global shift towards digital payments—where 89% of people either already pay or plan to pay bills digitally—many still face a cumbersome experience, with limited card payment options and security concerns. Bill Qkr addresses these issues with Mastercard’s tokenization technology, which securely stores card details for recurring payments and allows for quick QR-code-enabled payments for variable bills. The service also improves guest checkout through Click to Pay, enhancing the ease of online transactions while increasing approval rates. Bill Qkr’s launch partners are incorporating the technology to provide smoother payment options in their regions. In Southeast Asia, 2C2P’s easyBills+ platform will facilitate payments for utilities, taxes, and more. AXS in Singapore will add automated recurring payments through its app, while CardUp, a Funding Societies subsidiary, will support uncarded expenses like rent, education, and taxes in Singapore, Malaysia, and Hong Kong. Curacel in Africa will use Bill Qkr to support digital payments across its insurance platform, while Brazil’s FitBank expands secure payment options throughout Latin America. This launch is part of Mastercard’s broader push to advance digital payments worldwide, offering Bill Qkr users access to Mastercard’s network and support for product development and implementation. Mastercard Bill Qkr is now live and available globally. Jennifer Marriner “With Mastercard Bill Qkr, we’re bringing our cutting-edge payment technologies together with our longstanding, global approach to collaboration. This allows us to not only innovate in bill payments for our customers, but also to create better ways to transact and strengthen trust for the wider ecosystem.” said Jennifer Marriner, Executive Vice President, Global Acceptance at Mastercard. Wong Kah Meng “Mastercard has been a key partner in transforming the bill payment experience for our customers – business owners and individuals. This collaboration will allow us to enhance the payment experience for consumers and improve collections for our billers, making it easier and safer for our customers to manage recurring bill payments.” said Wong Kah Meng, Group Chief Operating Officer, Funding Societies. Featured image credit: Edited from Freepik
Curacel Frequently Asked Questions (FAQ)
When was Curacel founded?
Curacel was founded in 2019.
Where is Curacel's headquarters?
Curacel's headquarters is located at 19B Adeyemi Lawson, Lagos.
What is Curacel's latest funding round?
Curacel's latest funding round is Incubator/Accelerator - VI.
How much did Curacel raise?
Curacel raised a total of $5.01M.
Who are the investors of Curacel?
Investors of Curacel include Visa Africa Accelerator, Pioneer Fund, Y Combinator, Olive Tree Capital, AAF Management and 22 more.
Who are Curacel's competitors?
Competitors of Curacel include Cover Genius, Inclusivity Solutions, Root, Tractable, Octamile and 7 more.
What products does Curacel offer?
Curacel's products include Curacel Claims.
Who are Curacel's customers?
Customers of Curacel include AXA , Jubilee, Old Mutual, Bupa Arabia. and Sanlam.
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Compare Curacel to Competitors
Lami operates as a technology in insurance solutions. It offers a platform that enables businesses, insurers, and other platforms to integrate and manage insurance coverage, tailoring risk to their priorities and budgets. The company primarily serves the insurance industry, providing solutions for underwriters, businesses, and various platforms. It was founded in 2018 and is based in Nairobi, Kenya.
Bolttech is an international insurance company that focuses on creating a technology-enabled ecosystem for protection and insurance within the financial sector. The company's main offerings include a global insurance exchange platform that connects insurers, distributors, and customers, facilitating the purchase and sale of insurance and protection products. Bolttech primarily serves businesses across various sectors looking to integrate insurance solutions into their customer journeys, such as telecommunications, retail, e-commerce, real estate, and financial services. Bolttech was formerly known as EdirectInsure Group. It was founded in 2020 and is based in Singapore.
Boost is a company that focuses on providing digital insurance solutions in the insurance technology sector. It offers a digital insurance platform that provides compliance, capital, and technology infrastructure for insurance technology companies, MGAs, and embedded insurance. it primarily sells to the insurance technology industry, as well as to MGAs, brokers, agents, and embedded insurance platforms. The company was founded in 2017 and is based in New York, New York.
FRISS is a company focused on risk assessment automation for property and casualty (P&C) insurance carriers. The company offers a platform that provides real-time analytics to understand and evaluate the inherent risks in customer interactions, aiming to enhance trust and efficiency in insurance processes. FRISS's solutions enable insurers to automate underwriting, accelerate claims processing, and conduct structured investigations into suspicious activities. It was founded in 2006 and is based in Mason, Ohio.
Daisy Intelligence specializes in AI-powered decision-making for the retail and insurance sectors. The company offers solutions for promotion optimization, price optimization, demand planning, assortment optimization, space planning in retail, and fraud detection, claims automation, and underwriting in insurance. Its services cater to the retail industry and insurance industry, providing actionable insights and automated recommendations to enhance business performance. It was founded in 2003 and is based in Toronto, Ontario. Daisy Intelligence operates as a subsidiary of JSM Capital and Manjis Holdings.
i3systems India operates as a company specializing in automation, particularly in the insurance and financial services industries. The company offers products that use artificial intelligence and natural language processing to automate high-volume, repetitive processes, such as processing insurance claims and underwriting. Its products are capable of handling unstructured, semi-structured, and structured data in real time. It was founded in 2016 and is based in Mumbai, Delaware.
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