Finance Designed For Everyday Realities

Integrated financial services combining healthcare insurance, climate protection, salary advances, and mobile-based access nationwide.  

In a country where access to financial protection and basic services remains limited, Maximo is building systems designed to meet people where they are. The company’s work spans insurance, banking, and education, all shaped by the realities of everyday life in Mozambique. Its approach reflects a long-term commitment to practical solutions that strengthen household stability and economic participation. 

“Our goal was always to create an ecosystem that empowers families and micro and small enterprises to take control of their finances,” says Raimundo Zandamela, CEO of Maximo. “Education, insurance, and financial services are the pillars we chose because they directly affect people’s lives.” 

Insurance has become a central focus for the company. Maximo operates as a full-stack insurance provider, delivering healthcare and life insurance designed for affordability.  

“We focus on healthcare and funeral insurance because families can lose everything when medical costs or a death occurs,” Zandamela says. “Our role is to reduce that financial shock and protect family savings.” 

 The company has become a leading provider of healthcare insurance for government employees through monthly payment models aligned with modest incomes. 

Beyond traditional coverage, Maximo is developing climate-resilient insurance products. “Mozambique has been hit repeatedly by cyclones, and people often have to start from zero afterward,” Zandamela says. “Climate-related housing insurance is about giving families a way to recover and rebuild.” The company is also introducing usage-based motor insurance, allowing customers to pay based on actual vehicle use tracked through technology. 

Banking innovation is advancing in parallel. Maximo is developing what it intends to be Mozambique’s first digital-first bank. Strategic partnerships support national expansion. “Partnerships are critical for scale,” Zandamela says. The company works with mobile money platforms, banks, and healthcare providers and plans to connect hundreds of clinics across the country.