Insurtech Startup AllLife Closes Funding Round

AllLife, a Johannesburg, South Africa-based insurtech startup focused on providing innovative life insurance products for those living with HIV and diabetes, closed a funding round of undisclosed amount. Backers included the Accion Frontier Inclusion Fund, managed by Quona Capital, and existing investor LeapFrog Financial Inclusion Fund I. The company will use the funds for expansion into innovative product lines and new geographies.