mTek eyes East Africa expansion after Sh168m funding round

Bente Krogmann, Chief Executive Officer of digital insurtech platform, mTek Services. PHOTO | POOL

Digital insurance platform mTek has bagged $1.25 million (Sh167.8 million) funding from investing partners Verod-Kepple Africa Ventures (VKAV) and Founders Factory Africa (FFA) to power its expansion in both the Kenyan and the East African insurance market.

The firm, which leverages technology to support the uptake of insurance services, says the latest funding round will also aid in solidifying its position as a trailblazer in insurtech innovation.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.