Pineapple wins R22.5m in US startup competition

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South African insurance app Pineapple has won $R1.5 million (R22.5 million) at VentureClash, an American startup challenge.

The insurance provider won the single largest prize of the evening/ Pineapple was up against nine other finalists from all over the world. The ten finalists were selected from over 300 vetted applicants.

The app which was launched to the market in July 2018 was founded by Matthew Elan Smith, Ndabenhle Junior Ngulube and Marnus van Heerden. The app has offices in South Africa and the United States.

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