New funding allows CompariSure to reshape online interactions, says CFO Matt Kloos

CompariSure has raised R15 million from HAVAÍC and 4Di Capital in a funding round.

CampariSure has raised R15 million from Cape Town based HAVAÍC and 4Di Capital in a pre-series A funding round. The startup is exploring growth in sectors beyond financial services and will use the funding to drive the expansion of its footprint in the South African market.

CompariSure co-founder and CFO Matt Kloos says that the investment round is an important milestone for the company and will allow it to continue reshaping the way South Africans interact online. “The HAVAÍC team brings a wealth of expertise and experience to the table, and we are very excited to have them joining as a shareholder and board member. We are also incredibly grateful for the ongoing support from our earliest backers 4Di Capital, whose follow-on investment signals a strong, reaffirmed belief in what we are building at CompariSure.”

Founded in November 2017 by Matt and CEO Jonathan Elcock, CompariSure is a financial services provider that distributes financial services products via its chatbot-driven marketplace, using its proprietary chatbot technology that leverages platforms like Moya, Facebook Messenger, and Whatsapp. Since its founding, the startup has processed over 120 million messages and sold over 50,000 policies via chat.

The company also builds white-labelled chatbot solutions for financial service providers, enabling them to sell to new customers and service their existing customers via chat.

CompariSure has previously gone through a funding round led by an investment from UW Ventures in partnership with Allan Gray in May 2020. 4Di Capital initially invested in August 2019.