Mastercard Lighthouse MASSIV announces partnership between startups Investure, DDFinance and to accelerate insurance penetration in Africa

March 17, 2022 | By Annika Kristersson
Lighthouse MASSIV, Mastercard’s partnership program dedicated to finding and scaling the next impact unicorn, is pleased to announce a partnership between alumni startups DDFinance -a Norwegian FinTech which provides access to health and life insurance for low-income households in developing countries- and -a Danish FinTech which turns data into financial opportunities for traditional saving communities- with Investure -a Swedish Impact Exchange-, to raise funding from a global pool of investors.
The purpose is to scale their disruptive technologies to solve a massive societal problem and global health challenge.

Globally, more than half the world’s population lack access to essential health services. This combined with low penetration of health insurance means that poor people have to pay for medical expenses out of pocket. More than 100 million people are pushed into extreme poverty because of health expenses. This problem is most severe in developing countries where 90% of the population do not have access to formal insurance. Over 3 billion people remain unprotected and vulnerable when dealing with health shocks.

DDFinance and provide digital solutions to this challenge. DDFinance has invented a scalable technology - in a franchise model - which opens hard-to-reach mass markets for African insurance companies. Their solution enables affordable life and health insurance for millions of vulnerable households.’s technology on the other hand enables savings communities to digitalise their finances and use their data to reach their financial goals. It is being used by more than 100,000 people already.

Commenting on their collaboration Charlotte Rønje, CEO of says: “In addition to the reach and the data-footprint created by, DDFinance's core innovation is collecting additional unique data directly from users and applying this to cost-effective automation of the insurance claims decision process. Scale and cost-efficiency is necessary for risk distribution and profitability in the microinsurance industry, and for this industry to really take off”.

Impact companies with disruptive technologies such as DDFinance and, face a major challenge of attracting sufficient funding to scale their innovations where they are needed most. This is a challenge that Swedish Impact Exchange, Investure is working to address. Investure is digitalizing, aggregating and platforming the SDG investment eco-system in order to bridge the devastating SDG funding gap in developing markets.

DDFinance and will use Investure to raise funding required to scale their respective operations. Jan Martin Hunderi, CEO of DDFinance says: “Investure’s platform will provide instant access to a pool of global investors allowing us to secure finance for our growth and free up time to focus on providing low-income households with health and life Insurance”.

The three companies are all alumni of Mastercard Lighthouse a partnership program that aims to help FinTech and Impact Tech startups like these to build partnerships that can power their growth and accelerate the impact they can create.

“As a technology-first company built around a strong network of partners, Mastercard understands how important partnerships are for growth. This is why we started Lighthouse, to support companies like Investure, DDFinance and It is tremendously exciting to see how our efforts in connecting startups from different program editions created new growth opportunities and helped them make more significant social impact globally. The Lighthouse MASSIV program is truly adding the value to startups like we aimed for.”, says Mats Taraldsson, Head of Fintech and Impact Tech Engagement at Mastercard Nordics & Baltics.

Joakim Blom, CEO of Investure added “Being supported by Mastercard has provided many opportunities for Investure. We have been able to partner with other interesting impact companies such as DDFinance and and leverage Mastercard’s vast global network of investors and partners.”


Annika Kristersson, Communications Manager Nordics & Baltics, Mastercard

About Mastercard Lighthouse

Mastercard Lighthouse is the leading partnership platform in the Nordics and Baltics. It runs two three-month partnership programs, FINITIV which focuses on fintechs, and MASSIV which focuses on impact tech companies. Investure, DDFinance and were part of different Lighthouse MASSIV editions. Lighthouse MASSIV aims to foster partnerships that will enrich the lives of one billion people by 2025. The program is free and focused primarily on helping impact tech companies scale globally. To date, more than 80 partnerships have been signed through the program by 21 participating startups and organizations. You can follow the program and startups through the Website and LinkedIn page.

About DDFinance

DDFinance (DataDrivenFinance) is a Norwegian and Kenyan FinTech company enabling insurance companies in developing countries to provide low-income households with digital health- and life insurance. DDFinance won the impact potential award in the Lighthouse MASSIV program in 2021 spring.

About is a Danish company that improves the future of unbanked people in traditional finance groups. Their platform digitalizes the finance group’s financial accounting and creates the data and digital infrastructure needed to connect the groups with life-changing financial services. was finalist in the first-ever Lighthouse MASSIV program in 2020 spring.

About Investure

Investure is a Swedish impact exchange company working to bridge the excessive funding gap in developing markets. Its blockchain based solution eliminates investment barriers through digitalization of private market transactions, asset servicing and creating liquidity through a secondary market. Investure won the Lighthouse MASSIV program in 2021 fall.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.  

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