About Neomutual

About company

As a contracting economy a majority of South Africa’s low and middle income earners are either uninsured or underinsured because insurance is costly and is a low priority in their hierarchy of needs but this leaves them exposed to the risk of unexpected future financial costs. Neomutual is an online lending platform dedicated to giving uninsured, underinsured and underbanked individuals alternative coverage through zero interest credit during emergencies.