# Curacel

> Curacel is an AI-powered insurance infrastructure company building the rails for insurance in emerging markets. Its cloud APIs let insurers automate claims processing and catch fraud, waste and abuse, while its Grow product lets banks, fintechs and e-commerce platforms embed insurance into their own apps. A Y Combinator Winter 2022 company founded in Nigeria, Curacel works with insurers such as AXA Mansard, Old Mutual and Jubilee across roughly ten African markets.

- **Founded:** 2019
- **Headquarters:** Lagos, Nigeria (with a U.S./San Francisco presence)
- **Founders:** Henry Mascot (Co-Founder & CEO), John Dada (Co-Founder & CTO)
- **Team size:** ~30-70 employees
- **Products:** Claims Automation, Grow (Embedded Insurance / Distribution), Fraud Detection, Insurance Financing / Payments
- **Notable:** Y Combinator Winter 2022 cohort, Processed $100M+ in insurance claims since inception, Grow product used by 100+ companies across eight markets

## Products & services

- **Claims Automation** — AI-powered infrastructure for real-time claims processing that reduces claims cycles by over 70% and detects fraud, waste and abuse. Used by around 20 insurers including AXA Mansard, Old Mutual and Jubilee Insurance.
- **Grow (Embedded Insurance / Distribution)** — APIs that let banks, fintechs, logistics and e-commerce platforms embed and distribute insurance to their users. Used by 100+ companies across eight markets, including ALAT, Providus, PalmPay and Float.
- **Fraud Detection** — Automated vetting of claims to flag fraud, waste and abuse, helping insurers recover premium lost to leakage estimated at ~20%.
- **Insurance Financing / Payments** — Emerging tools to help insurers manage underwriting, payments and financing within the Curacel ecosystem.

## Achievements

- Y Combinator Winter 2022 cohort
- Processed $100M+ in insurance claims since inception
- Grow product used by 100+ companies across eight markets
- ~20 insurance partners including AXA Mansard, Old Mutual and Jubilee
- Reported 600% transaction volume growth and 500% revenue growth in a year
- Backed by Tencent, Y Combinator, Google, and the CEOs of Fitbit, Flutterwave and Kuda

## Latest updates

- **2023-02** — Raised $3M seed round led by investors including Tencent to expand into North Africa (Morocco and Egypt).
- **2022-03** — Launched Grow, an API platform enabling tech-led businesses to offer embedded insurance.
- **2022-01** — Joined Y Combinator's Winter 2022 batch.

## Links

- Website: https://curacel.ai
- LinkedIn: https://www.linkedin.com/company/curacel
- Twitter/X: https://twitter.com/curacel
- Facebook: https://facebook.com/curacel

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Profile page: https://yespress.io/curacel-yc-22
Published by YesPress — https://yespress.io
Last updated: 2026-07-31