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Richard Perry, analyst at INFINOX - a leading international FX and CFD broker - highlights the importance of traders keeping abreast of the latest...

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Bolttech said the acquisition will allow it to integrate mTek’s technology into its global embedded insurance ecosystem. Stephan Tan, Chief Executive Officer for EMEA at bolttech, said, “This represents an exciting step forward for bolttech as we expand our footprint in Africa. mTek’s innovative platform and talented team share our vision of using technology to make protection more accessible.” “Together, we can accelerate digital transformation in insurance and extend the reach of embedded protection across the region.” mTek’s leadership will remain in place during the transition, with CEO Bente Krogmann continuing to oversee East African operations. Krogmann said the deal sets up the company for wider regional expansion. “Joining the bolttech family marks an exciting next chapter for mTek. Our technology, local insight, and commitment to inclusive insurance have transformed how customers access protection in Kenya, and this partnership allows us to scale that impact even further – bringing more innovative and relevant insurance solutions to customers at scale.” The company is expected to rebrand following the acquisition, as the firms work on integrating systems, staff, and partnerships.

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News make the markets move

MOST POPULAR

The Hub Karen unveils fundraising option for the endangered Mountain Bongo

Bolttech acquires Kenya’s digital insurance platform mTek

Work hard and trust the process- Samsung Head of Consumer Electronics

Africa Finance Corporation (AFC) acquires inaugural US$300 million facility from Export-Import...

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