Bolttech, a global insurtech firm, has acquired mTek, a Nairobi-based digital insurance platform, to expand its presence in East Africa and strengthen its embedded insurance capabilities.

• mTek, launched in 2019, allows users to compare, buy, and manage insurance policies digitally and has grown to over 250,000 customers.
• The acquisition aims to accelerate digital transformation in insurance and extend embedded protection across the region, with mTek’s leadership team, including Chief Executive Officer Bente Krogmann, continuing to run operations.
• This move highlights rising interest in Kenyan insurtech startups, which address the country's low insurance penetration rate, estimated at about 3%.