Egypt’s Amenli Secures USD 2.3M to Expand Insurtech Solutions

Egypt-based insurtech broker Amenli has secured USD 2.3 M in a funding round to support its growth initiatives. The European Bank for Reconstruction and Development (EBRD) Venture Capital arm led the round, with additional participation from Y Combinator (YC). The investment will enhance the company’s technological capabilities, diversify distribution channels, and develop products to digitize the customer experience. Additionally, Amenli plans to align its offerings with eKYC and eSignature solutions to streamline its services.

Founded in 2020 by Adham Nauman, Omar Ezz El Din, and Shady El Tohfa, Amenli offers accessible insurance products designed for individuals, families, and SMEs. The funds will also be directed toward expanding the company’s presence in new markets, furthering its mission to make insurance more accessible.

Last year, Amenli raised USD 1 M in a previous funding round to expand its team, develop its product, and strengthen its brand. With this latest investment, Amenli aims to advance its role in transforming the insurance sector in Egypt and the broader region.