A Nigerian tech company launches its insurance services for devices around Africa. Similar to Asurion, Gamp launches its insurance for the device in Africa. Camp is an insurance company that provides protection and repair support for technology devices.
The company specialized in refurbishing all brands of devices either old or new. It assists OEMs and device retailers to offer their customers instant protection and repair support. Also, it protects customers’ devices. The services are either through online requests or their online and offline retail partners and agents.
Speaking with the CEO and co-founder of Gamp,
Boluwatife Omotayo, said the idea of Gamp was nurtured from his childhood. “As a kid, I discovered that device manufacturers simply don’t provide enough support in Africa. So when devices break down or malfunction, they are unnecessarily difficult and expensive to fix or replace”.
Before the Establishment of Gamp
Due to the lack of device protection support in Africa unlike in the US, Europe, and South-East Asia, customers and users find it difficult to ship their damaged devices because of the total expenses.
Some users visit local device repairers with miniature knowledge of the device which later develops into a lack of trust and transparency. Also, most users tend to spend almost the same amount used to get the phone repaired.
Gamp’s Team
Gamp insurtech is made up of experienced, and experts from various technical areas. Before Gamp, the co-founder, and CEO, Boluwatife Omotayo founded tab digitals. An online store for selling and repairing devices. Which he developed into carry1st in Nigeria and expanding to South Africa.
Temitope Ige, a co-founder of Gamp and alumni of Havard has over 2 decades experience as head of retail, sales & distribution at Old Mutual, Royal Exchange, and Mutual Benefits.
Another experienced engineer with distinction from the Federal University of Technology, Akure is Toluwani Famokunwa, with experience in leading and developing consumer technology products in both Nigeria and South Africa.
Gamp’s Investors and Support Companies
The Gamp insurtech team has the backing of credible investors such as Ingressive Capital, First Circle Capital, Future Africa, Cordel Robbin-Coker and Lucy Hoffman (two co-founders of Carry1st), and Lara Rabiu amongst others.
The Head of Investments at Future Africa, Luke Mostert said “while many providers facilitate access to financing or low-cost electronics to meet Africa’s burgeoning consumer tech-adoption, there has been limited focus on how consumers can ensure the longevity of these products through device protection and, even more importantly, trusted and timely repair. This fits Future Africa’s mandate in two key spheres, namely the development of robust supply chains, as well as renewable and sustainable economic development – making it an apt addition to our portfolio”.
Camp is a Nigerian based company with over hundred distributors, customers and partners.
