Financial Times Names Turaco Among Africa’s Fastest Growing Companies for Second Time
Microinsurance and technology company ranked 2nd in Kenya and 29th of 130 across the continent, with revenue growing fivefold over three years
12 May 2026 — Nairobi
Turaco, a leading microinsurance and technology company, has been recognised by the Financial Times among Africa’s Fastest Growing Companies for the second time, ranking 2nd in Kenya and 29th out of 130 across the continent. This recognition reflects the impact of making insurance accessible to underserved communities.
Today, Turaco insures more than 5 million lives, with 75% receiving insurance for the first time and more than half of those insured being women.
Turaco’s revenue grew fivefold across the three year measurement period, from Ksh 189 million (USD 1.47 million) to Ksh 963 million (USD 7.46 million). Kenya secured second place in Africa with 17 companies on the list, behind only South Africa and ahead of Nigeria, Mauritius and Tunisia.
Turaco joins a strong cohort of Kenyan companies recognised on the 2026 list, including General Printers (13), M-KOPA (62), Kenya Airways (67), Greenlight Planet — Sun King (83), KCB Group (94), Quickmart (97), Naivas (117) and Co-operative Bank (119), reflecting growth across multiple sectors of the Kenyan economy.
This recognition reflects Turaco’s mission to provide simple and affordable protection to the most vulnerable communities, ensuring that more families no longer have to choose between seeking medical treatment and meeting their basic needs.
Through strategic partnerships with fintechs, banks, telcos and other institutions, Turaco embeds affordable insurance into products people already use every day. Through this model, customers can access insurance coverage at premiums starting from as low as $0.50. Technology powers every step of the customer journey, from digital onboarding through to claims assessment and payout, with innovations such as WhatsApp and AI-powered claims delivering a median claims turnaround time of just four hours.
Since launching in 2018, Turaco ha expanded across six African markets: Kenya, Uganda, Ghana, Nigeria, Zambia and Tanzania. The company recently launched in South Asia through Pakistan, extending its vision of simple, accessible insurance to more underserved communities around the world.
Commenting on the recognition, Ted Pantone, CEO of Turaco, said:
“A second time on this list reflects our fundamentally different approach to making insurance work for the people who have historically been left out. Our mission has always been to protect emerging consumers across Africa and beyond, and to do so through the partners who enable us to serve those consumers. The recognition is humbling, and the work ahead is what matters most to us.”
Turaco celebrates this recognition with the customers and partners who trust the company to protect their health, families and businesses every day.
About Turaco
Turaco is a leading microinsurance and technology company headquartered in Nairobi, Kenya, with operations across six African markets (Kenya, Uganda, Ghana, Nigeria, Zambia and Tanzania) and South Asia through Pakistan. Founded in 2018, Turaco partners with banks, microfinance institutions, telecoms, fintechs and embedded platforms to make simple, affordable insurance accessible to the underserved communities who have historically been excluded from formal insurance markets. To date, Turaco has insured more than 5 million lives, with premiums starting from as low as $0.50.
For more information, visit www.turaco.insure
Media Contact
Cedrick Todwell
Business Development Director
cedrick.todwell@turaco.insure
Further reading: Financial Times Africa’s Fastest Growing Companies 2026, available at ft.com.