Soso Care
Others
0
Launched Year
0
Employees
Profile Completion
80%
Company Profile
2019
Founded
Market Segment
"1-10"
Employees
Funding Stage
No opening
Jobs
Not for sale
Acquisition
Not available
Merger
Geographical Market
Nigeria
Lagos Street, Kaduna, Nigeria
About
Soso Care is an insurtech platform that targets urban slum dwellers, uninsured pregnant women and children who cannot afford to pay cash for insurance. They use recyclable rubbish as a financial resource to help users access insurance and gain points on food stamps. The startup has partnered with Hygeia HMO to underwrite the insurance risk, and supermarkets to secure food stamps. Members access care either by paying for a plan or by delivering recyclable materials such as bottles, glass and plastic bags worth an equivalent to US$1 monthly to Soso Care’s partner agents, who sells the collected waste to recycling companies as raw materials. The money generated from this is converted into health funds to finance premiums.
