Gricd rebrands as ‘Figorr’, announces $1.5 million seed funding to support data-driven insurance for perishable goods in Africa (www.techcityng.com)

As a result, businesses and other stakeholders have to shoulder all the risks which mean the cost is passed on to the end customer, leading to comparatively higher prices than other parts of the world.

Figorr already works with some of the leading pharmaceutical manufacturers and food companies in Nigeria and across Africa to enable the effective transportation and storage of food and pharmaceuticals.

We are excited to onboard more customers across the continent and roll out our solutions to enable more Africans to maximise the value of their goods and maintain profitability.

Aniko Szigetvari, Founding Partner at Atlantica Ventures said, Tega and the Figorr team have built a powerful suite of products and services to support the cold chain industry and ensure quality of perishable goods and pharmaceutical products in Nigeria and across the continent.

The new funding will support the roll out of a proprietary risk management platform that will provide data that will make it easier to insure perishable and temperature sensitive goods on the continent.

Oghenetega Iortim, CEO and Founder of Figorr

According toOghenetega Iortim, CEO and founder of Figorr, This funding comes at a great time for us, as it enables us to leverage the data we have gathered over the years to provide further support for our customers with managing the risks associated with perishable goods on the continent.