Curacel
Founded
2019 in Lagos, Nigeria — Curacel was launched to digitize and modernize insurance infrastructure in Africa and emerging markets, helping insurers and tech-enabled partners automate claims processing, fight fraud, and embed insurance products into digital services.
Founders & Leadership
Henry Mascot — Co-Founder & CEO
John Dada — Co-Founder & CTO
Location
Lagos, Nigeria — with services and partnerships spanning 10+ African countries including Ghana, Kenya, Egypt, Uganda, Senegal, and Morocco.
Industry
FinTech / InsurTech & Insurance Infrastructure — providing AI-powered software and embedded insurance solutions for insurers, banks, fintechs, logistics firms, and other digital platforms.
Overview
Curacel is an AI-powered insurance infrastructure company that helps African insurers and their partners increase insurance penetration, automate claims workflows, reduce fraud and waste, and embed insurance products seamlessly into digital ecosystems. The company offers a suite of tools — including claims automation, fraud detection, and embedded distribution APIs — that enable insurers and tech platforms to deliver faster, more efficient, and more customer-centric insurance experiences. Curacel’s platform processes claims in real time, dramatically shortening cycles and enabling partners like banks, fintechs, and logistics companies to embed insurance into their products and services.
Core Features & Capabilities
AI-Driven Claims Automation: Rapidly processes claims data with minimal manual intervention to increase efficiency and accuracy.
Fraud Detection & Risk Management: Advanced AI models that detect fraudulent, wasteful, or abusive claims to protect insurer revenue.
Embedded Insurance APIs (Curacel Grow): Enables non-insurance companies (fintechs, banks, logistics platforms) to offer insurance via their existing apps or services.
Multi-Product Support: Solutions tailored for motor, health, travel, and other insurance lines via machine learning and computer vision.
Seamless Integration: API-first architecture that integrates with partner platforms for real-time underwriting, claims submission, and policy distribution.
Target Market
Insurance Companies & Carriers looking to modernize legacy processes, improve claims efficiency, and reduce risk.
Banks, Fintechs & Digital Platforms seeking to embed insurance products into their existing services to boost revenue and customer loyalty.
Logistics & E-Commerce Platforms requiring integrated risk protection for goods, drivers, and customers.
Under-insured Consumers across Africa who benefit indirectly from more accessible and efficient insurance solutions.
Value Proposition
Curacel’s core value lies in transforming the traditionally slow, costly, and paper-based insurance industry into a fast, transparent, and digital ecosystem tailor-made for emerging markets. By leveraging AI and cloud-native infrastructure, Curacel enables insurers to:
Automate and expedite claims processing, reducing cycle times by up to 70% and increasing throughput by up to 10×.
Combat fraud and waste with intelligent detection tools, protecting millions in insurer payouts.
Expand insurance distribution through embedded API tools that allow non-insurance firms (banks, fintechs, logistics) to offer insurance products seamlessly to their users.
Enhance customer experience with responsive, real-time digital interactions that improve trust and uptake in markets where insurance penetration is extremely low (< 3 %).
This positions Curacel as not just a software provider but a strategic enabler of insurance inclusion, bridging the protection gap for individuals and businesses while creating new revenue streams for partners.