Browsing: Digital insurance

insurtech innovation
  • mTek, an insurtech innovation platform, has secured a $1.25 million investment from Verod-Kepple Africa Ventures and Founders Factory Africa to fuel its expansion across East Africa.
  • The firm aims to streamline the insurance process, enhance customer experiences, and improve operational efficiency.
  • This investment and expansion plans underscore mTek’s commitment to making insurance more accessible and affordable.

The insurance sector across East Africa is poised to experience intense activity following plans by the digital platform mTek to revamp the industry. mTek, a pioneering digital insurance platform, has secured $1.25 million (approximately Sh167.8 million) in funding from Verod-Kepple Africa Ventures (VKAV) and Founders Factory Africa (FFA) to spearheaded this investment, which is poised to catalyze its strategic expansion across East African region.

This capital infusion will strengthen mTek’s position as a leader in insurtech innovation, using state-of-the-art technology to revolutionize the uptake of cover services.

At the heart of mTek’s mission is …