Malian insurtech startup OKO Finance distributes $70k in payouts to flood-affected farmers

Founded in 2017, OKO develops affordable mobile-based crop insurance products to provide smallholder farmers with the financial security they need, regardless of unstable climate trends. 

“We use the latest satellite observations to develop precise weather monitoring tools and partner with mobile operators to give access to insurance to farmers remotely, in a few clicks and in multiple installments. OKO also works with loan institutions to facilitate access to capital for insured farmers,” chief executive officer (CEO) Simon Schwall told Disrupt Africa just over a year ago.