Egyptian Healthtech Startup Sehatech Raises USD 850 K Funding

Sehatech, one of the leading healthtech startups based in Egypt, announced that it has secured USD 850 K in funding from A15 and Beltone Venture Capital, a subsidiary of Beltone Holding Company, to drive the company’s mission of leveraging proprietary technology to digitize and automate the relationship between insurers and healthcare service providers, including claim and approval management processes, commonly known as third party administration (TPA) in the healthcare industry.

Founded in 2022 by Mostafa Tarek, Mohamed Elshabrawy and Omar Shawky, Sehatech aims to automate medical approvals, claims processing and the billing cycle, saving insurers’ time and expenses while preventing fraudulent practices. The healthtech will use the capital infusion to grow its team and invest in product development to improve user experience.