Bolttech acquires Kenya’s digital insurance platform mTek
NAIROBI, Kenya, Dec 5 - Global insurance technology firm Bolttech has acquired mTek, the Nairobi-based digital insurance platform, marking the latest Kenya breaking news | Kenya news today |..
✨ Key Highlights
Global insurtech organization Bolttech has acquired Nairobi-based digital insurance platform mTek, marking significant consolidation in East Africa's rapidly expanding insurtech market and setting the stage for wider regional expansion.
- mTek, founded in 2019, operates a fully digital platform for comparing, buying, and managing insurance policies, partnering with major underwriters like GA Insurance, Sanlam, and Britam.
- The acquisition integrates mTek's technology into Bolttech's global embedded insurance ecosystem, as stated by Stephan Tan, Chief Executive Officer for EMEA at Bolttech.
- mTek's CEO Bente Krogmann will remain in place to oversee East African operations, with the company expected to rebrand following the acquisition.
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Digital Platforms Launched and Acquired for Agriculture, Engineering, and Insurance Sectors - December 2025
Microsoft and the African Development Bank launched a Pan-African financing facility to digitize agricultural SMEs, which will blend investment capital with digital and AI tools. In the construction sector, the Engineers Board of Kenya (EBK) launched an online portal for registering engineering projects to enhance oversight and professionalism. This move aims to address concerns about unapproved constructions. Separately, the global insurtech organization Bolttech has acquired Nairobi-based digital insurance platform mTek. This acquisition marks a significant consolidation in East Africa's insurtech market and sets the stage for regional expansion.
