Kenyan insurtech startup mTek has secured US$3 million in funding from the Mauritius-based Finclusion Group to help it expand across the East Africa region. The startup has now secured investment from Africa-focused fintech platform Finclusion Group, to date totaling US$3 million, through both debt and equity. “With this investment, we will be able to commence our expansion within Kenya through 25 Finclusion Group branches where we will offer agents training. Finclusion Group co-CEO Timothy Nuy said mTek’s capability to offer paperless insurance addressed a critical market pain point. The ‘one-stop shop’, the holistic plug-and-play insurance tech offering pioneered by mTek, is replicable nation to nation, the continent over.

Source: The North Africa Journal June 23, 2022 12:56 UTC