Turaco has filed a notice of an exempt offering of securities to raise $15,311,272.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Turaco is raising up to $15,311,272.00 in new funding. The federal securities law requires the notice to be filed by companies...
According to filings with the U.S. Securities and Exchange Commission, Turaco is raising up to $15,311,272.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Turaco
Turaco is Africas leading microinsurance and technology company, focused on making insurance simple, affordable, and accessible to underserved markets. The company provides bespoke mass-market insurance products, including health and life coverage, through partnerships with leading African brands and financial institutions. Its technology supports policy administration and claims processing, while its partner and customer support teams manage the operational work and help customers navigate insurance. Turaco reports covering more than 7 million lives across six markets, with a median claims turnaround time of four hours. Customers can access coverage for as little as $2 through flexible monthly payment plans and submit claims through WhatsApp, with payments made in under three working days. Its embedded insurance partnerships, including those with Airtel Money and M-KOPA, have helped make insurance more accessible and reduce the financial burden of health-related expenses.
To learn more, visit https://turaco.insure/
LinkedIn: https://www.linkedin.com/company/turaco-ltd/
Contact:
Theodore Pantone, Chief Executive Officer
https://www.linkedin.com/in/ted-pantone-957a182/
SOURCE: http://www.intelligence360.io
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