The Swedish company, which links insurers with customers in emerging markets through mobile devices, has raised $22m in a round supported by Millicom.
Bima, a Sweden-based company that provides insurance cover through mobile devices in emerging markets, has secured $22m in a venture round supported by telecommunications and media company Millicom.
Millicom invested in the round together with Bima’s other two existing shareholders, Kinnevik and LeapFrog Investments. Bima has not disclosed how much it raised from the three previously, but reports in May 2013 stated that Leapfrog and Kinnevik had invested a combined $7.1m in the company.
Founded in 2010, Bima runs a…
