Nigeria’s TopCheck introduces quick loans, insurance to platform

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Nigerian startup TopCheck, a price comparison site for financial services launched in December 2014, has introduced insurance and personal loans to its platform as it expands its product offering.

TopCheck had a positive 2015, raising two funding rounds, including EUR1 million (US$1.15 million) from a number of European investors.

The site – which offers instant free quotes from many different financial institutions – has now expanded its product offering in a bid to make obtaining financial products such as insurance, personal loans, or credit cards in Nigeria more convenient and transparent.

TopCheck launched its price comparison service for car insurance in August of last year, and now also allows users to compare prices for life insurance, travel insurance, health insurance, personal loans, credit cards, and internet providers.

“The feedback for car insurance is just amazing. Customers highly appreciate the convenience and money-saving opportunity that our site offers. We are proud to expand our product portfolio now,” said Christian Wiesner, co-founder of TopCheck.

The service is free for users, with TopCheck receiving a handling fee from financial institutions for connecting customers to banks or insurance companies.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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