South African insurtech startup Naked secured R700 million in Series B funding, a significant milestone for the country's fintech sector. This investment, led by the IFC and Yellowwoods, will fuel Naked's expansion, technological advancements, and product diversification. The funding highlights growing international interest in African tech and Naked's innovative, customer-centric approach to insurance. This success story showcases the potential for disruption in traditional industries and the increasing viability of African startups on the global stage. Naked's unique model, combining technology with social responsibility, positions it for continued growth and potential global impact.