Insurtech Startup mTek Secures USD 3 Mn Investment

mTek, an insurtech startup, has secured an additional USD 3 Mn investment through both debt and equity from the African-focused fintech platform, Finclusion Group to help it expand across the East Africa region.

mTek is a digital platform that provides an entirely paperless ecosystem for the insurance industry and allows customers to purchase insurance directly from the insurer, compare insurance policies, and file claims through their smart devices.