Insurance

Pineapple has lofty ambitions and it is going after an age-old industry with lots of legacy players.

For all the butter fingers out there

The deal will see AXA acquire an 8% stake in Africa Internet Group, becoming the exclusive provider of insurance products and services through Jumia and AIG’s other online and mobile platforms.

The round was lead by venture capital firm, Mountain Partners with co-investors including European Investment Fund, angel investors including Alexander Frugger, Ron Hillman, Martin Scherrer and few others.

MyMusic is a commercial music download service that enables users download Nigerian music digital content legally and it features currently only as a web application on mobile and desktop.

The accelerator programme is open to participants from anywhere in the world specializing in areas such as asset and wealth management, insurance and commodity trading.