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Bolttech Buys Kenya’s mTek
Bolttech has officially bought Kenya’s mTek, a move that broadens Bolttech’s reach in East Africa and boosts its ability to offer embedded insurance solutions worldwide.
Kenya’s mTek, launched in 2019, is a digital insurance platform that helps people compare, buy, and manage their insurance online. The platform partners with major insurers like GA Insurance, Sanlam, and Britam. Just recently, mTek teamed up with Mastercard to roll out embedded insurance products across East Africa, making insurance easier for more people to get. Now that Bolttech buys mTek, their technology and know-how will become part of Bolttech’s global network.
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Stephan Tan, CEO for EMEA at Bolttech, said this acquisition is an exciting step that pushes Bolttech further into Africa. He pointed out how mTek’s innovative platform and skilled team share the same goal: using tech to make insurance protection simpler and more accessible. By joining forces, they aim to speed up the digital transformation of insurance and spread embedded protection even wider in the region.
Bente Krogmann, CEO of mTek, shared that joining Bolttech is a new and thrilling chapter for their company. She emphasized how mTek’s tech, deep local understanding, and focus on inclusive insurance have already changed how people in Kenya access protection. Now, with Bolttech, they can take that impact much further and bring even more innovative insurance solutions to a larger audience.
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The leadership team at mTek, headed by Bente Krogmann, will keep running the day-to-day operations in East Africa to ensure a smooth experience for customers, partners, and staff. The company will also get a new look with a rebrand as part of the transition. Both Bolttech and mTek have promised to work closely together to make the integration as seamless as possible.
Bolttech buys Kenya’s mTek to strengthen its hold in East Africa while bringing fresh and advanced insurance technology to the region. This partnership looks set to make insurance easier to access and more tailored to the needs of local customers, using digital innovation to help more people stay protected.
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