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ETAP

ETAP

Private

Last Round

Pre Seed

Apr 19, 2022

Total Funding Raised

$1.5M

Momentum

Top 1%

of companies Caplight tracks

Company Overview

ETAP is an insurtech company that provides a digital platform for purchasing and managing car insurance with flexible payment plans and behavior-based pricing.

Sector

FinTech

Verticals

InsurTech, Fleet Management, Compliance & Risk

Business Model

B2C

Customer Profile

Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

insurtechvehicle insurancetelematicsusage-based insurancefleet managementdigital insuranceclaims processingtakafulembedded insuranceUBIpay-as-you-driveauto insurance apprisk profilinginsurance APIAfrican fintech

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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ETAP Comparables

Compare ETAP with similar companies based on industry and business-model similarity.

ETAP comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Curacel
71%
Lami
71%
AXA Mansard Insurance plc
71%

ETAP Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Pre SeedApr 19, 2022

Key People

Founding team and executive leadership

Ibraheem Babalola

CEO

Executive Team

ETAP Investors

Notable investors and investment history

ETAP investors
InvestorRounds
Mobility 54 InvestmentPre Seed
Tangerine LifePre Seed
Graph VenturesPre Seed
Voltron CapitalPre Seed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 20, 2026

    Open roles increased to 16, 107% of headcount.

  • Nov 26, 2024

    Grew 19% QoQ, from 16 to 19 employees.

ETAP Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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ETAP Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about ETAP's valuation, stock price, and market status.

Firmographic Details

HeadquartersLagos
Employee Range15
Year Founded2021
Last FundingApr 19, 2022

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