Alexandre N'Djore (photo), on March 10, 2022, successfully raised €300,000 in seed funding to develop his startup Digitech Group. Founded in 2016 with Zachariah George, the startup specializes in insurance technology solutions. Digitech Group offers insurance and reinsurance companies a set of fully integrated, cloud-based web and mobile solutions to improve their productivity and competitiveness.
Digitech Group was founded after Alexandre N'Djore noticed the fragmented and broken state of the insurance sector in Africa. According to the former MTN Côte d’Ivoire’s logistics manager, the problem affects the whole sector, right from insurers to policy buyers. " This leads to a generally low insurance penetration in Africa, about 3%, except for South Africa,” he says.
For its new development phase, Digitech Group created Hyperion 2.0, an ERP system that automates transactions between insurers and reinsurers, saves time and money, eliminates errors, and provides real-time critical business information.
Alexandre N'Djore holds an MBA from the Hult International Business School in Dubai. He also obtained a Master's degree in supply chain and transport engineering from Ecole Supérieure de Commerce et d'Administration des Entreprises (ESCAE) in Abidjan. The Master’s degree opened doors to executive positions in supply chain logistics for him. For instance, for four years, he has been the director of catering at Air Ivoire.
His ambition is to transmit the operational efficiency he acquired during his professional career in the supply and logistics chain to the African insurance sector. Since the creation of Digitech Group, the tech entrepreneur claims to have processed more than 7 million insurance policies. His dynamism earned him numerous awards, including the best Insuretech Award, offered in 2020, by the Federation of African National Insurance Companies (FANAF). In 2018, Digitech Group won the Best Startup award in South Africa, by Amazon Web Services at the AWS Startup Day.
Melchior Koba