Kenyan insurtech startup mTek raises $3 million for business expansion

Kenyan insurtech startup mTek raises $3 million for business expansion
Photo by Cytonn Photography / Unsplash

mTek, 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.