How to move Whatsapp data from iPhone to Android with a USB-C cable
Many iPhone users would argue that they’ll never go back to using Android. And while their sentiments may be valid, there are definitely people who may have to switch to Android for different reasons. Should you ever need to switch from an iPhone to an Android and you want to move your WhatsApp data from the former to the latter, here’s how to do it. What you’ll need to carry out this transfer is a Lightning to USB-C cable to connect your iPhone to your Android device. Here’s how to move WhatsApp Data from iPhone to Android Follow these steps to transfer your Whatsapp data from iPhone to Android: Step 1: Backup your WhatsApp Data Before you move your WhatsApp data from your iPhone to an Android device, it’s advisable to back up your data first. To do this, open WhatsApp on your iPhone and go to Settings > Chats > Chat Backup. Here, you can choose to backup your chats manually or set up automatic backups. Choose offline backup or online if you have a strong internet connection. Step 2: Download the latest WhatsApp version on your Android device Download and install Whatsapp on your Android phone and start setting up the app. You’ll find an option that says “Transfer Whatsapp from another phone”. Select that option. Step 3: Use the Lightning to USB-C cable to connect both phones Connect both phones with the Lightning to USB-C cable, then go to your WhatsApp settings on your iPhone, tap the chat icon, then select “Move chats to Android”. Step 4: Move WhatsApp Data from iPhone to Android After the previous step, you’ll see a notification of your data preparing to move. This may take some time depending on how large the data is. Afterwards, you should get a prompt to continue the setup on your Android phone. NB: Your Android device needs to be on Android 12 or higher for you to use this process. Also note that during the data movement, you may be prompted to scan a QR code on your old phone, but don’t fret, it’s simply a security measure. So just follow the prompt and get it done. Final thoughts on how to move WhatsApp data from iPhone to Android Trying to transfer your WhatsApp data from iPhone to Android may seem like a daunting task, but as you can see, it’s a straightforward process. By following the steps outlined above, you can easily transfer your WhatsApp data and continue your conversations seamlessly on your new device. Please remember to backup your WhatsApp data before initiating a transfer.
Read MoreHow to move Whatsapp data from iPhone to Android with a USB-C cable
Many iPhone users would argue that they’ll never go back to using Android. And while their sentiments may be valid, there are definitely people who may have to switch to Android for different reasons. Should you ever need to switch from an iPhone to an Android and you want to move your WhatsApp data from the former to the latter, here’s how to do it. What you’ll need to carry out this transfer is a Lightning to USB-C cable to connect your iPhone to your Android device. Here’s how to move WhatsApp Data from iPhone to Android Follow these steps to transfer your Whatsapp data from iPhone to Android: Step 1: Backup your WhatsApp Data Before you move your WhatsApp data from your iPhone to an Android device, it’s advisable to back up your data first. To do this, open WhatsApp on your iPhone and go to Settings > Chats > Chat Backup. Here, you can choose to backup your chats manually or set up automatic backups. Choose offline backup or online if you have a strong internet connection. Step 2: Download the latest WhatsApp version on your Android device Download and install Whatsapp on your Android phone and start setting up the app. You’ll find an option that says “Transfer Whatsapp from another phone”. Select that option. Step 3: Use the Lightning to USB-C cable to connect both phones Connect both phones with the Lightning to USB-C cable, then go to your WhatsApp settings on your iPhone, tap the chat icon, then select “Move chats to Android”. Step 4: Move WhatsApp Data from iPhone to Android After the previous step, you’ll see a notification of your data preparing to move. This may take some time depending on how large the data is. Afterwards, you should get a prompt to continue the setup on your Android phone. NB: Your Android device needs to be on Android 12 or higher for you to use this process. Also note that during the data movement, you may be prompted to scan a QR code on your old phone, but don’t fret, it’s simply a security measure. So just follow the prompt and get it done. Final thoughts on how to move WhatsApp data from iPhone to Android Trying to transfer your WhatsApp data from iPhone to Android may seem like a daunting task, but as you can see, it’s a straightforward process. By following the steps outlined above, you can easily transfer your WhatsApp data and continue your conversations seamlessly on your new device. Please remember to backup your WhatsApp data before initiating a transfer.
Read MoreHow to move Whatsapp data from iPhone to Android with a USB-C cable
Many iPhone users would argue that they’ll never go back to using Android. And while their sentiments may be valid, there are definitely people who may have to switch to Android for different reasons. Should you ever need to switch from an iPhone to an Android and you want to move your WhatsApp data from the former to the latter, here’s how to do it. What you’ll need to carry out this transfer is a Lightning to USB-C cable to connect your iPhone to your Android device. Here’s how to move WhatsApp Data from iPhone to Android Follow these steps to transfer your Whatsapp data from iPhone to Android: Step 1: Backup your WhatsApp Data Before you move your WhatsApp data from your iPhone to an Android device, it’s advisable to back up your data first. To do this, open WhatsApp on your iPhone and go to Settings > Chats > Chat Backup. Here, you can choose to backup your chats manually or set up automatic backups. Choose offline backup or online if you have a strong internet connection. Step 2: Download the latest WhatsApp version on your Android device Download and install Whatsapp on your Android phone and start setting up the app. You’ll find an option that says “Transfer Whatsapp from another phone”. Select that option. Step 3: Use the Lightning to USB-C cable to connect both phones Connect both phones with the Lightning to USB-C cable, then go to your WhatsApp settings on your iPhone, tap the chat icon, then select “Move chats to Android”. Step 4: Move WhatsApp Data from iPhone to Android After the previous step, you’ll see a notification of your data preparing to move. This may take some time depending on how large the data is. Afterwards, you should get a prompt to continue the setup on your Android phone. NB: Your Android device needs to be on Android 12 or higher for you to use this process. Also note that during the data movement, you may be prompted to scan a QR code on your old phone, but don’t fret, it’s simply a security measure. So just follow the prompt and get it done. Final thoughts on how to move WhatsApp data from iPhone to Android Trying to transfer your WhatsApp data from iPhone to Android may seem like a daunting task, but as you can see, it’s a straightforward process. By following the steps outlined above, you can easily transfer your WhatsApp data and continue your conversations seamlessly on your new device. Please remember to backup your WhatsApp data before initiating a transfer.
Read MoreHow to move Whatsapp data from iPhone to Android with a USB-C cable
Many iPhone users would argue that they’ll never go back to using Android. And while their sentiments may be valid, there are definitely people who may have to switch to Android for different reasons. Should you ever need to switch from an iPhone to an Android and you want to move your WhatsApp data from the former to the latter, here’s how to do it. What you’ll need to carry out this transfer is a Lightning to USB-C cable to connect your iPhone to your Android device. Here’s how to move WhatsApp Data from iPhone to Android Follow these steps to transfer your Whatsapp data from iPhone to Android: Step 1: Backup your WhatsApp Data Before you move your WhatsApp data from your iPhone to an Android device, it’s advisable to back up your data first. To do this, open WhatsApp on your iPhone and go to Settings > Chats > Chat Backup. Here, you can choose to backup your chats manually or set up automatic backups. Choose offline backup or online if you have a strong internet connection. Step 2: Download the latest WhatsApp version on your Android device Download and install Whatsapp on your Android phone and start setting up the app. You’ll find an option that says “Transfer Whatsapp from another phone”. Select that option. Step 3: Use the Lightning to USB-C cable to connect both phones Connect both phones with the Lightning to USB-C cable, then go to your WhatsApp settings on your iPhone, tap the chat icon, then select “Move chats to Android”. Step 4: Move WhatsApp Data from iPhone to Android After the previous step, you’ll see a notification of your data preparing to move. This may take some time depending on how large the data is. Afterwards, you should get a prompt to continue the setup on your Android phone. NB: Your Android device needs to be on Android 12 or higher for you to use this process. Also note that during the data movement, you may be prompted to scan a QR code on your old phone, but don’t fret, it’s simply a security measure. So just follow the prompt and get it done. Final thoughts on how to move WhatsApp data from iPhone to Android Trying to transfer your WhatsApp data from iPhone to Android may seem like a daunting task, but as you can see, it’s a straightforward process. By following the steps outlined above, you can easily transfer your WhatsApp data and continue your conversations seamlessly on your new device. Please remember to backup your WhatsApp data before initiating a transfer.
Read MoreHow to move Whatsapp data from iPhone to Android with a USB-C cable
Many iPhone users would argue that they’ll never go back to using Android. And while their sentiments may be valid, there are definitely people who may have to switch to Android for different reasons. Should you ever need to switch from an iPhone to an Android and you want to move your WhatsApp data from the former to the latter, here’s how to do it. What you’ll need to carry out this transfer is a Lightning to USB-C cable to connect your iPhone to your Android device. Here’s how to move WhatsApp Data from iPhone to Android Follow these steps to transfer your Whatsapp data from iPhone to Android: Step 1: Backup your WhatsApp Data Before you move your WhatsApp data from your iPhone to an Android device, it’s advisable to back up your data first. To do this, open WhatsApp on your iPhone and go to Settings > Chats > Chat Backup. Here, you can choose to backup your chats manually or set up automatic backups. Choose offline backup or online if you have a strong internet connection. Step 2: Download the latest WhatsApp version on your Android device Download and install Whatsapp on your Android phone and start setting up the app. You’ll find an option that says “Transfer Whatsapp from another phone”. Select that option. Step 3: Use the Lightning to USB-C cable to connect both phones Connect both phones with the Lightning to USB-C cable, then go to your WhatsApp settings on your iPhone, tap the chat icon, then select “Move chats to Android”. Step 4: Move WhatsApp Data from iPhone to Android After the previous step, you’ll see a notification of your data preparing to move. This may take some time depending on how large the data is. Afterwards, you should get a prompt to continue the setup on your Android phone. NB: Your Android device needs to be on Android 12 or higher for you to use this process. Also note that during the data movement, you may be prompted to scan a QR code on your old phone, but don’t fret, it’s simply a security measure. So just follow the prompt and get it done. Final thoughts on how to move WhatsApp data from iPhone to Android Trying to transfer your WhatsApp data from iPhone to Android may seem like a daunting task, but as you can see, it’s a straightforward process. By following the steps outlined above, you can easily transfer your WhatsApp data and continue your conversations seamlessly on your new device. Please remember to backup your WhatsApp data before initiating a transfer.
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👨🏿🚀TechCabal Daily – Musk’s equipment malfunctions
Lire en français Read this email in French. 21 APRIL, 2023 IN PARTNERSHIP WITH Eid Mubarak A couple of weeks ago, a coalition of African fintechs banded together to fight fraud. This isn’t a new phenomenon. Previous attempts at Justice League-styled posses have—much like Elon Musk’s standup comedy career—failed to take off. The reason: the head honchos don’t trust each other. Here’s what we think fintechs can do differently this time. P.S We’ll be in your inboxes all through the long weekend. Elon Musk’s Twitter fingers may work hard, but we work harder. In today’s edition Musk’s starship explodes prematurely Facebook aiding child trafficking in SA Funding tracker The World Wide Web3 Event: The State of Tech in Africa Opportunities MUSK’S STARSHIP EXPLODES PREMATURELY Yesterday, a test flight at Elon Musk’s space exploration company, SpaceX, led to the explosion of what is perhaps the company’s most important test till date. A Mars landing: Since 2012, SpaceX has been developing Starship, the world’s most powerful rocket with twice the firepower of any known rocket. Starship is over 120 metres long, and Musk’s long-term vision is to help human colonisation of Mars. After waiting years, SpaceX finally received approval from the government to kick off its tests earlier in April. It was originally scheduled to launch on Monday, April 17, but that launch was cancelled after a pressurisation valve was reported frozen—they couldn’t let it go. What went wrong this time? The launch was successful. A live streaming of the launch shows that Starship took off at 8:33 AM BST. A few minutes after take-off, though, it blew up. SpaceX, in a tweet, reports that Starship experienced a rapid unscheduled disassembly after two sections of its rocket pulled a Bonnie-and-Clyde—they were inseparable. Congratulations to SpaceX: It might appear that the company lost a rocket and potentially millions of dollars with this test, but so far, everyone—even Musk—considers it a success. That’s why it’s a test! SpaceX itself was sceptical about the success of the test, and will now learn from its mistakes. Musk also took to Twitter to congratulate his team, and urge them towards learning from the test. WORK WITH MONIEPOINT At Moniepoint, we’re creating the best workplace for global talent using the 4M framework- Meaning, Membership, Mastery and Money. This isn’t an ad designed to convince you to join us, but it has all the reasons why you should. Watch it here. This is partner content. FACEBOOK AIDING CHILD TRAFFICKING IN SA According to South Africa’s minister of police, Bheki Cele, children in the country are being sold online through social media platforms such as Facebook. Cele stated that in November last year, police were made aware of incidents of parents advertising children on social media platforms. Nothing the police can do about it Despite the police being aware of the cases, Cele says that the country’s crime intelligence did not have the resources to address the issue but that it is in the process of acquiring social media monitoring solutions. One ministry which seems to be trying to deal with the issue is that of social development. According to Minister Lindiwe Sisulu, some of the measures being employed to address child trafficking via social media include monitoring of such platforms and training relevant stakeholders in combating the issue. Zoom out: According to a 2022 US Department of State human trafficking report, the South African government identified 83 trafficking victims over the reporting period, which ran from April 1, 2021, to March 31, 2022. This is far more than the 16 victims identified in the previous reporting period. Additionally, the report also places South Africa in the second-worst tier of countries failing to have sufficient anti-human trafficking standards in place. TC INSIGHTS: FUNDING TRACKER This week, Charger, a Senegalese logistics company, raised $2.5 million in seed funding. The round was led by Logos Ventures; other participating investors include Ventures Platform, Foundation Botnar, DFS Labs, and Seedstars. Here are the other deals this week: Tunisian gaming platform CoaChess secured $191,000 in pre-seed funding from Omicron. Nigerian anti-counterfeiting company Chekkit received an undisclosed amount in funding from Adaverse, a Cardano ecosystem accelerator. That’s it for this week! Follow us on Twitter, Instagram, and LinkedIn for more funding announcements. You can also visit DealFlow, our real-time funding tracker. EXPLORE FINTECH WITH TEMPLARS Join African law firm TEMPLARS and international law firm Clifford Chance for their tech roundtable Perspectives on Fintech in Ghana. Explore the latest fintech trends with global investors, policymakers, and leaders. Register now for insightful discussions and networking. This is partner content. EVENT: THE STATE OF TECH IN AFRICA We are excited to announce the launch of our State Of Tech (Q1) Report. The State Of Tech Report is our flagship report that analyses quarterly data on acquisitions, expansions, product launches, and funding in Africa’s tech ecosystem. This edition looks at (Q1) 2023 in retrospect and contains interesting patterns and trends to look out for this year. Join us on a special edition of TechCabal Live on Friday, May 5. At this event, we’ll discuss actionable insights and findings from the report with you and share our perspectives on the outlook of Africa’s tech landscape. Register here to join the event. THE WORLD WIDE WEB3 Bitcoin $28,142 – 3.84% Ether $1,928 – 2.61% BNB $317 – 2.52% Cardano $0.39 – 4.68% Name of the coin Price of the coin 24-hour percentage change Source: CoinMarketCap * Data as of 21:00 PM WAT, April 20, 2023. The European Parliament has approved the world’s first comprehensive crypto regulation framework. CoinDesk reports that lawmakers voted in favour of Markets in Crypto-Assets (MiCA) and Transfer of Fund rules. The regulations will see crypto wallet providers and exchanges to seek licences to operate across the bloc. It will require issuers of stablecoins tied to the value of other assets to maintain sufficient reserves. Bankrupt crypto platform Voyager has signed a billion-dollar deal to be acquired by Binance. Decrypt reports that the company reached a resolution with the US government that will allow the US arm of Binance
Read More👨🏿🚀TechCabal Daily – Musk’s equipment malfunctions
Lire en français Read this email in French. 21 APRIL, 2023 IN PARTNERSHIP WITH Eid Mubarak A couple of weeks ago, a coalition of African fintechs banded together to fight fraud. This isn’t a new phenomenon. Previous attempts at Justice League-styled posses have—much like Elon Musk’s standup comedy career—failed to take off. The reason: the head honchos don’t trust each other. Here’s what we think fintechs can do differently this time. P.S We’ll be in your inboxes all through the long weekend. Elon Musk’s Twitter fingers may work hard, but we work harder. In today’s edition Musk’s starship explodes prematurely Facebook aiding child trafficking in SA Funding tracker The World Wide Web3 Event: The State of Tech in Africa Opportunities MUSK’S STARSHIP EXPLODES PREMATURELY Yesterday, a test flight at Elon Musk’s space exploration company, SpaceX, led to the explosion of what is perhaps the company’s most important test till date. A Mars landing: Since 2012, SpaceX has been developing Starship, the world’s most powerful rocket with twice the firepower of any known rocket. Starship is over 120 metres long, and Musk’s long-term vision is to help human colonisation of Mars. After waiting years, SpaceX finally received approval from the government to kick off its tests earlier in April. It was originally scheduled to launch on Monday, April 17, but that launch was cancelled after a pressurisation valve was reported frozen—they couldn’t let it go. What went wrong this time? The launch was successful. A live streaming of the launch shows that Starship took off at 8:33 AM BST. A few minutes after take-off, though, it blew up. SpaceX, in a tweet, reports that Starship experienced a rapid unscheduled disassembly after two sections of its rocket pulled a Bonnie-and-Clyde—they were inseparable. Congratulations to SpaceX: It might appear that the company lost a rocket and potentially millions of dollars with this test, but so far, everyone—even Musk—considers it a success. That’s why it’s a test! SpaceX itself was sceptical about the success of the test, and will now learn from its mistakes. Musk also took to Twitter to congratulate his team, and urge them towards learning from the test. WORK WITH MONIEPOINT At Moniepoint, we’re creating the best workplace for global talent using the 4M framework- Meaning, Membership, Mastery and Money. This isn’t an ad designed to convince you to join us, but it has all the reasons why you should. Watch it here. This is partner content. FACEBOOK AIDING CHILD TRAFFICKING IN SA According to South Africa’s minister of police, Bheki Cele, children in the country are being sold online through social media platforms such as Facebook. Cele stated that in November last year, police were made aware of incidents of parents advertising children on social media platforms. Nothing the police can do about it Despite the police being aware of the cases, Cele says that the country’s crime intelligence did not have the resources to address the issue but that it is in the process of acquiring social media monitoring solutions. One ministry which seems to be trying to deal with the issue is that of social development. According to Minister Lindiwe Sisulu, some of the measures being employed to address child trafficking via social media include monitoring of such platforms and training relevant stakeholders in combating the issue. Zoom out: According to a 2022 US Department of State human trafficking report, the South African government identified 83 trafficking victims over the reporting period, which ran from April 1, 2021, to March 31, 2022. This is far more than the 16 victims identified in the previous reporting period. Additionally, the report also places South Africa in the second-worst tier of countries failing to have sufficient anti-human trafficking standards in place. TC INSIGHTS: FUNDING TRACKER This week, Charger, a Senegalese logistics company, raised $2.5 million in seed funding. The round was led by Logos Ventures; other participating investors include Ventures Platform, Foundation Botnar, DFS Labs, and Seedstars. Here are the other deals this week: Tunisian gaming platform CoaChess secured $191,000 in pre-seed funding from Omicron. Nigerian anti-counterfeiting company Chekkit received an undisclosed amount in funding from Adaverse, a Cardano ecosystem accelerator. That’s it for this week! Follow us on Twitter, Instagram, and LinkedIn for more funding announcements. You can also visit DealFlow, our real-time funding tracker. EXPLORE FINTECH WITH TEMPLARS Join African law firm TEMPLARS and international law firm Clifford Chance for their tech roundtable Perspectives on Fintech in Ghana. Explore the latest fintech trends with global investors, policymakers, and leaders. Register now for insightful discussions and networking. This is partner content. EVENT: THE STATE OF TECH IN AFRICA We are excited to announce the launch of our State Of Tech (Q1) Report. The State Of Tech Report is our flagship report that analyses quarterly data on acquisitions, expansions, product launches, and funding in Africa’s tech ecosystem. This edition looks at (Q1) 2023 in retrospect and contains interesting patterns and trends to look out for this year. Join us on a special edition of TechCabal Live on Friday, May 5. At this event, we’ll discuss actionable insights and findings from the report with you and share our perspectives on the outlook of Africa’s tech landscape. Register here to join the event. THE WORLD WIDE WEB3 Bitcoin $28,142 – 3.84% Ether $1,928 – 2.61% BNB $317 – 2.52% Cardano $0.39 – 4.68% Name of the coin Price of the coin 24-hour percentage change Source: CoinMarketCap * Data as of 21:00 PM WAT, April 20, 2023. The European Parliament has approved the world’s first comprehensive crypto regulation framework. CoinDesk reports that lawmakers voted in favour of Markets in Crypto-Assets (MiCA) and Transfer of Fund rules. The regulations will see crypto wallet providers and exchanges to seek licences to operate across the bloc. It will require issuers of stablecoins tied to the value of other assets to maintain sufficient reserves. Bankrupt crypto platform Voyager has signed a billion-dollar deal to be acquired by Binance. Decrypt reports that the company reached a resolution with the US government that will allow the US arm of Binance
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Meet the insurtech startup which wants to revolutionise SA’s insurance industry
YuLife, a UK-based insurtech startup, has launched its operations in South Africa. YuLife’s product offerings include a wellbeing app which harnesses the latest trends in behavioural science and game mechanics to encourage employees to make proactive lifestyle changes, while prioritising prevention by de-risking individuals through healthy activities. The YuLife app enables employees to complete everyday wellness activities such as walking, meditation, and cycling, in order to earn YuCoin, YuLife’s virtual wellbeing currency. Members can then use their YuCoin to buy vouchers for groceries, data, fuel, clothing and more from leading brands, or to improve the world through donating meals, planting trees, or cleaning the ocean. By incentivising healthy living, YuLife claims to provide employers with a way to simultaneously boost retention rates, improve employees’ standard of living, and safeguard their financial future. TechCabal caught up with the co-founders of YuLife, Josh Hart and Jaco Oosthuizen, to talk about the insurtech startup’s arrival in South Africa, their $120 million fundraising, how they plan to traverse the competitive SA insurance landscape, and much more. TechCabal: Please tell us more about YuLife and the problem you are trying to solve with your product offering. Jaco Oosthuizen: Before I joined YuLife, I worked for a South African insurance company for 20 years. I think one of the big issues with insurance is that it is not a product that people want to buy. You don’t wake up in the morning and say, “I would love to buy insurance” and I think that is one of the things that we want to change with YuLife because you really want people to love their insurance company. Our mission is to inspire life into life insurance because normally life insurance companies only really engage with the client when there’s something bad happening. We want to change that and actually make insurance a product that people engage with on a day-to-day basis. The other big thing we want to address is the issue of protection gap. There’s a lot of people that need life insurance, but they don’t have life insurance, because they don’t really understand it, and they don’t really engage their insurance company. South Africa has the second highest insurance penetration globally, making it a perfect market for YuLife to expand into and showcase its innovative approach to insurance. Josh Hart: So we are trying to solve all these issues through our app. We’ve been very successful in the UK. Over the last five years, we have sold insurance protection to large corporations together with our app. We have managed to reach over 650,000 lives in the UK. Our 2,000 employer groups include the likes of Tesco and Co Op, which are very large companies in the UK. Last year, we raised $120 million and on the back of that, we decided to also expand out to other countries. We launched in the US last quarter and now we are coming to South Africa. The YuLife app (Image source: Provided) TC: There is currently a significant amount of competition in the insurance space in South Africa. How does YuLife plan on setting itself apart? JO: I’d say SA has a lot of insurance companies and a lot of those companies offer a bit of a commoditized product. Some of the companies are really looking at how to make you engage with your health every day, to mitigate the risk of you needing to claim because then that’s a win-win, right? You don’t need to claim because you’re healthier. Everyone wins. The challenge with some of these apps is that they’re quite elitist and not for everyone. They’re basically for the wealthy. YuLife, on the other hand, is about changing the lives of everybody. Everybody gets rewarded. Everybody is unlocking their potential every day when it comes to their health either mentally, physically and financially. And I think that’s what makes us truly unique. JH: I think just to add there, the UK market is as competitive if not more than South Africa and we found that we landed extremely well there. Within a three-year period, we got over 1,000 employee groups buying into our proposition because there hadn’t been innovation in the Employee Benefits space in a long time and people were ready to embrace the innovation. We’ve been talking to a lot of brokers and clients in South Africa and people are extremely excited and interested in our proposition. TC: What challenges do you foresee in your operations in South Africa and how do you intend to traverse those unique challenges? JO: One of the challenges we’ve been asked about is mobile phone penetration in the country because people need a smartphone to use our app. Over the last few years, that has improved significantly and smartphone penetration is now above 90%, which is amazing, actually in this country. The other challenge is the cost of data in the country particularly in the lower and middle income groups. To address that, we have a currency called YuCoin. As customers earn more YuCoin, they will be able to buy data with that as well. So I think we will be helping everyone to engage with our app as well as giving them data to use the app. TC: YuLife raised $120 million in funding last year. To start with, do you believe that the fact that you guys were able to raise that much in a downturn is a stamp of approval on the viability of your model? Additionally, to what extent do you think the funding will help YuLife establish a presence in the South African insurance industry? JO: The venture capital market has definitely changed. I’ve personally seen quite a lot of good ideas and businesses that just can’t raise capital in this market. We were very, very fortunate to be able to raise what we did. I think we succeeded because YuLife is a great idea which addresses a global problem. The capital has been incredibly useful in our expansion to South
Read MoreMeet the insurtech startup which wants to revolutionise SA’s insurance industry
YuLife, a UK-based insurtech startup, has launched its operations in South Africa. YuLife’s product offerings include a wellbeing app which harnesses the latest trends in behavioural science and game mechanics to encourage employees to make proactive lifestyle changes, while prioritising prevention by de-risking individuals through healthy activities. The YuLife app enables employees to complete everyday wellness activities such as walking, meditation, and cycling, in order to earn YuCoin, YuLife’s virtual wellbeing currency. Members can then use their YuCoin to buy vouchers for groceries, data, fuel, clothing and more from leading brands, or to improve the world through donating meals, planting trees, or cleaning the ocean. By incentivising healthy living, YuLife claims to provide employers with a way to simultaneously boost retention rates, improve employees’ standard of living, and safeguard their financial future. TechCabal caught up with the co-founders of YuLife, Josh Hart and Jaco Oosthuizen, to talk about the insurtech startup’s arrival in South Africa, their $120 million fundraising, how they plan to traverse the competitive SA insurance landscape, and much more. TechCabal: Please tell us more about YuLife and the problem you are trying to solve with your product offering. Jaco Oosthuizen: Before I joined YuLife, I worked for a South African insurance company for 20 years. I think one of the big issues with insurance is that it is not a product that people want to buy. You don’t wake up in the morning and say, “I would love to buy insurance” and I think that is one of the things that we want to change with YuLife because you really want people to love their insurance company. Our mission is to inspire life into life insurance because normally life insurance companies only really engage with the client when there’s something bad happening. We want to change that and actually make insurance a product that people engage with on a day-to-day basis. The other big thing we want to address is the issue of protection gap. There’s a lot of people that need life insurance, but they don’t have life insurance, because they don’t really understand it, and they don’t really engage their insurance company. South Africa has the second highest insurance penetration globally, making it a perfect market for YuLife to expand into and showcase its innovative approach to insurance. Josh Hart: So we are trying to solve all these issues through our app. We’ve been very successful in the UK. Over the last five years, we have sold insurance protection to large corporations together with our app. We have managed to reach over 650,000 lives in the UK. Our 2,000 employer groups include the likes of Tesco and Co Op, which are very large companies in the UK. Last year, we raised $120 million and on the back of that, we decided to also expand out to other countries. We launched in the US last quarter and now we are coming to South Africa. The YuLife app (Image source: Provided) TC: There is currently a significant amount of competition in the insurance space in South Africa. How does YuLife plan on setting itself apart? JO: I’d say SA has a lot of insurance companies and a lot of those companies offer a bit of a commoditized product. Some of the companies are really looking at how to make you engage with your health every day, to mitigate the risk of you needing to claim because then that’s a win-win, right? You don’t need to claim because you’re healthier. Everyone wins. The challenge with some of these apps is that they’re quite elitist and not for everyone. They’re basically for the wealthy. YuLife, on the other hand, is about changing the lives of everybody. Everybody gets rewarded. Everybody is unlocking their potential every day when it comes to their health either mentally, physically and financially. And I think that’s what makes us truly unique. JH: I think just to add there, the UK market is as competitive if not more than South Africa and we found that we landed extremely well there. Within a three-year period, we got over 1,000 employee groups buying into our proposition because there hadn’t been innovation in the Employee Benefits space in a long time and people were ready to embrace the innovation. We’ve been talking to a lot of brokers and clients in South Africa and people are extremely excited and interested in our proposition. TC: What challenges do you foresee in your operations in South Africa and how do you intend to traverse those unique challenges? JO: One of the challenges we’ve been asked about is mobile phone penetration in the country because people need a smartphone to use our app. Over the last few years, that has improved significantly and smartphone penetration is now above 90%, which is amazing, actually in this country. The other challenge is the cost of data in the country particularly in the lower and middle income groups. To address that, we have a currency called YuCoin. As customers earn more YuCoin, they will be able to buy data with that as well. So I think we will be helping everyone to engage with our app as well as giving them data to use the app. TC: YuLife raised $120 million in funding last year. To start with, do you believe that the fact that you guys were able to raise that much in a downturn is a stamp of approval on the viability of your model? Additionally, to what extent do you think the funding will help YuLife establish a presence in the South African insurance industry? JO: The venture capital market has definitely changed. I’ve personally seen quite a lot of good ideas and businesses that just can’t raise capital in this market. We were very, very fortunate to be able to raise what we did. I think we succeeded because YuLife is a great idea which addresses a global problem. The capital has been incredibly useful in our expansion to South
Read MoreMeet the insurtech startup which wants to revolutionise SA’s insurance industry
YuLife, a UK-based insurtech startup, has launched its operations in South Africa. YuLife’s product offerings include a wellbeing app which harnesses the latest trends in behavioural science and game mechanics to encourage employees to make proactive lifestyle changes, while prioritising prevention by de-risking individuals through healthy activities. The YuLife app enables employees to complete everyday wellness activities such as walking, meditation, and cycling, in order to earn YuCoin, YuLife’s virtual wellbeing currency. Members can then use their YuCoin to buy vouchers for groceries, data, fuel, clothing and more from leading brands, or to improve the world through donating meals, planting trees, or cleaning the ocean. By incentivising healthy living, YuLife claims to provide employers with a way to simultaneously boost retention rates, improve employees’ standard of living, and safeguard their financial future. TechCabal caught up with the co-founders of YuLife, Josh Hart and Jaco Oosthuizen, to talk about the insurtech startup’s arrival in South Africa, their $120 million fundraising, how they plan to traverse the competitive SA insurance landscape, and much more. TechCabal: Please tell us more about YuLife and the problem you are trying to solve with your product offering. Jaco Oosthuizen: Before I joined YuLife, I worked for a South African insurance company for 20 years. I think one of the big issues with insurance is that it is not a product that people want to buy. You don’t wake up in the morning and say, “I would love to buy insurance” and I think that is one of the things that we want to change with YuLife because you really want people to love their insurance company. Our mission is to inspire life into life insurance because normally life insurance companies only really engage with the client when there’s something bad happening. We want to change that and actually make insurance a product that people engage with on a day-to-day basis. The other big thing we want to address is the issue of protection gap. There’s a lot of people that need life insurance, but they don’t have life insurance, because they don’t really understand it, and they don’t really engage their insurance company. South Africa has the second highest insurance penetration globally, making it a perfect market for YuLife to expand into and showcase its innovative approach to insurance. Josh Hart: So we are trying to solve all these issues through our app. We’ve been very successful in the UK. Over the last five years, we have sold insurance protection to large corporations together with our app. We have managed to reach over 650,000 lives in the UK. Our 2,000 employer groups include the likes of Tesco and Co Op, which are very large companies in the UK. Last year, we raised $120 million and on the back of that, we decided to also expand out to other countries. We launched in the US last quarter and now we are coming to South Africa. The YuLife app (Image source: Provided) TC: There is currently a significant amount of competition in the insurance space in South Africa. How does YuLife plan on setting itself apart? JO: I’d say SA has a lot of insurance companies and a lot of those companies offer a bit of a commoditized product. Some of the companies are really looking at how to make you engage with your health every day, to mitigate the risk of you needing to claim because then that’s a win-win, right? You don’t need to claim because you’re healthier. Everyone wins. The challenge with some of these apps is that they’re quite elitist and not for everyone. They’re basically for the wealthy. YuLife, on the other hand, is about changing the lives of everybody. Everybody gets rewarded. Everybody is unlocking their potential every day when it comes to their health either mentally, physically and financially. And I think that’s what makes us truly unique. JH: I think just to add there, the UK market is as competitive if not more than South Africa and we found that we landed extremely well there. Within a three-year period, we got over 1,000 employee groups buying into our proposition because there hadn’t been innovation in the Employee Benefits space in a long time and people were ready to embrace the innovation. We’ve been talking to a lot of brokers and clients in South Africa and people are extremely excited and interested in our proposition. TC: What challenges do you foresee in your operations in South Africa and how do you intend to traverse those unique challenges? JO: One of the challenges we’ve been asked about is mobile phone penetration in the country because people need a smartphone to use our app. Over the last few years, that has improved significantly and smartphone penetration is now above 90%, which is amazing, actually in this country. The other challenge is the cost of data in the country particularly in the lower and middle income groups. To address that, we have a currency called YuCoin. As customers earn more YuCoin, they will be able to buy data with that as well. So I think we will be helping everyone to engage with our app as well as giving them data to use the app. TC: YuLife raised $120 million in funding last year. To start with, do you believe that the fact that you guys were able to raise that much in a downturn is a stamp of approval on the viability of your model? Additionally, to what extent do you think the funding will help YuLife establish a presence in the South African insurance industry? JO: The venture capital market has definitely changed. I’ve personally seen quite a lot of good ideas and businesses that just can’t raise capital in this market. We were very, very fortunate to be able to raise what we did. I think we succeeded because YuLife is a great idea which addresses a global problem. The capital has been incredibly useful in our expansion to South
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