bolttech buys 2019-founded mTek to boost embedded insurance

The platform works with major insurers including GA Insurance, Sanlam, and Britam.

bolttech has acquired Kenyan digital insurance platform mTek, expanding the insurtech group’s footprint in East Africa and strengthening its embedded insurance capabilities worldwide.

Founded in 2019, mTek allows customers in Kenya to compare, buy, and manage insurance digitally. 

The platform works with major insurers including GA Insurance, Sanlam, and Britam. In September, mTek also partnered with Mastercard to roll out embedded insurance services across East Africa.

bolttech said it will use mTek’s technology and local market expertise to support its global insurance ecosystem. 

Stephan Tan, bolttech’s CEO for EMEA, said the deal supports the company’s plans to grow in Africa and expand access to digital protection products.