Egyptian insurtech startup Amenli has raised a US$2.3 million funding round aimed at accelerating its growth and enhancing its service offerings. Founded in 2020 by Adham Nauman, Omar Ezz El Din and Shady El Tohfa, Amenli offers its clients all types of insurance, with a focus on medical, car, home and business offerings. The investment, which includes a follow-on from Y Combinator, will be used to boost growth through evolving technological capabilities and solutions. Egypt’s largely unpenetrated insurance sector offers vast opportunity for rapid growth as adoption of insurance increases over the coming years. We are convinced that Amenli is uniquely positioned to capitalise on that trend with its advanced technology and strong management team,” he said.

Source: The North Africa Journal November 19, 2024 15:11 UTC