Singapore's Bolttech Acquires Kenya's mTek for East Africa Expansion
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8 Articles
Global Insurtech bolttech Acquires Kenyan Platform mTek
Singapore-based insurtech unicorn bolttech has officially acquired mTek, a leading Kenyan digital insurance platform, marking a significant entry into the East African market. The acquisition, announced on December 3, 2025, will see mTek’s operations integrated into bolttech’s global ecosystem, which currently spans over 35 markets across four continents. The move is designed to strengthen bolttech’s … The post Global Insurtech Unicorn bolttech …
Kenya's mTek Acquired by Singapore's bolttech In Major Insurtech Exit
Kenyan insurtech mTek has been acquired by Singapore-based unicorn bolttech, marking one of East Africa’s rare confirmed exits in a tough funding cycle. Founded in 2019 by Bente Krogmann (CEO) and Christopher Osore, mTek built a fully paperless digital insurance platform serving more than 350,000 customers, integrating with over 45 insurers and recently expanding its embedded insurance capabilities through a Mastercard partnership. The acquisiti…
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