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# Kenyan insurtech startup mTek raises $3 million for business expansion
- URL: https://www.techloy.com/kenyan-insurtech-startup-mtek-raises-3-million-for-business-expansion/
- Published: 2022-06-24T10:50:07.000Z
- Updated: 2022-12-08T01:57:38.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Insurtech, Tech in Kenya

[mTek,](https://mtek-services.com/) an insurtech startup based in Kenya has raised $3 million from Finclusion Group in its new funding round to support its business expansion. 

- The fund will be invested in its growth, increased user base, and expansion to new African markets.
- mTek is a tech-focused insurance services platform that allows for the purchase of insurance, enables insurance policy comparison, and facilitates insurance claims digitally.
- It intends to expand to six other African countries in the next two years, reaching 1 million users.