Paga, the fintech behind the Doroki merchant platform, has entered into a strategic partnership with Leadway Assurance Company Limited, one of Nigeria’s foremost insurance providers, to deliver comprehensive insurance solutions designed specifically for Doroki merchants. The collaboration aims to help merchants safeguard their businesses against everyday risks and recover quickly from unforeseen events.
Under this partnership, Doroki merchants will benefit from tailored insurance products that protect critical aspects of their operations:
- Cash Insurance – Shielding merchants against losses associated with cash handling,
- Fire and Burglary Insurance – Providing coverage against common physical risks that can threaten business assets,
- POS Terminal Insurance – Protecting the devices merchants use to collect payments, ensuring continuity in daily transactions,
- Credit Life Insurance (Future Offering) – Planned support for merchants with Memento loans to protect loan obligations in the event of specified life events.
Beyond offering coverage, this initiative is built on a holistic approach to risk resilience. Doroki and Leadway will equip merchants with clear guidance on what each product covers, how to file a claim, and best practices for risk management—empowering them with knowledge that strengthens decision-making and builds confidence in handling uncertainties.
“At Doroki, we see our merchants as partners in driving economic activity across Nigeria’s retail landscape. This partnership with Leadway—an insurer with decades of experience and a strong reputation for reliability—means our merchants can focus on growing their businesses with the peace of mind that they’re protected,” said the General Manager of Doroki, Arike Okwunowo.
Leadway Assurance is one of Nigeria’s longest-standing insurance companies, with a legacy of delivering dependable insurance services and claims settlement. Known for its customer-centric approach and discipline in underwriting and claims, Leadway has played a significant role in closing Nigeria’s financial protection gap by offering trusted risk management solutions to individuals and businesses alike.
“Our mission is to bring insurance as a practical and reliable risk management tool to as many Nigerians as possible,” said the Head of Business Development at Leadway Assurance. “Through this partnership with Doroki, we are extending meaningful financial protection to merchants who are vital to the economy, enabling them to operate with confidence and resilience.”
This collaboration not only provides financial protection for Doroki merchants but also fosters a culture of preparedness, awareness, and informed decision-making—key pillars for sustainable business growth in an unpredictable environment.
About Paga / Doroki
Paga, through its Doroki merchant platform, delivers digital payment and value-added services to thousands of merchants across Nigeria—enabling secure payments, cash handling, and financial access solutions that support everyday business activities.
About Leadway Assurance Company Limited
Leadway Assurance Company Limited is one of Nigeria’s leading insurance service providers, with roots dating back to 1970. Renowned for its service efficiency, insurer reliability, and strong commitment to underwriting and claims settlement, Leadway offers a broad range of insurance products to individuals and corporate clients nationwide.
Media Contact:
Chinwendu Ohakpougwu
Communications Manager
