About mTek Insurance Services
mTek Insurance Services is a company based in Nairobi (Kenya) founded in 2019 was acquired by Bolttech in December 2025.. mTek Insurance Services has raised $4.25 million across 3 funding rounds from investors including Bolttech, Verod-Kepple Africa Ventures and Founders Factory Africa. mTek Insurance Services offers products and services including Insurance Quote Platform and Policy Management Tool. mTek Insurance Services operates in a competitive market with competitors including Bismart, Pesabazzar, MyInsure, InsureAfrika and Denkim Insurance, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Hillcroft Insurance Brokers Limited
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Products & Services of mTek Insurance Services
mTek Insurance Services offers a comprehensive portfolio of products and services, including Insurance Quote Platform and Policy Management Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for quick generation and management of insurance quotes.
Digital system for handling insurance policies and payments efficiently.
Funding Insights of mTek Insurance Services
mTek Insurance Services has successfully raised a total of $4.25M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.25 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.2M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2024 | Amount | Seed - mTek Insurance Services | Valuation | Verod-Kepple Africa Ventures , Founders Factory Africa |
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| Jun, 2022 | Amount | Debt – Conventional - mTek Insurance Services | Valuation |
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| Jun, 2022 | Amount | Seed - mTek Insurance Services | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in mTek Insurance Services
mTek Insurance Services has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Bolttech, Verod-Kepple Africa Ventures and Founders Factory Africa. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Support and capital are provided to African startup founders.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by mTek Insurance Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Financial Statements - mTek Insurance Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Mtek Insurance Services Comparisons
Competitors of mTek Insurance Services
mTek Insurance Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bismart, Pesabazzar, MyInsure, InsureAfrika and Denkim Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance brokerage is facilitated online through an internet-first platform.
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Insurance products from various carriers are compared online by Pesabazzar.
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Operates an online insurance comparison platform for consumers.
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Serves as a free online platform for insurance quotes.
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An online platform for comparing and selecting insurance options.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mtek Insurance Services
Frequently Asked Questions about mTek Insurance Services
When was mTek Insurance Services founded?
mTek Insurance Services was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is mTek Insurance Services located?
mTek Insurance Services is headquartered in Nairobi, Kenya.
Is mTek Insurance Services a funded company?
mTek Insurance Services is a funded company, having raised a total of $4.25M across 3 funding rounds to date.
What does mTek Insurance Services do?
App based insurance solution. The platform enables customers to purchase policies directly from insurers. It offers online insurance coverage for auto, travel, evacuation, and health insurance. It also features the claim process by capturing data on claims from geo-located accident scenes.
Who are the top competitors of mTek Insurance Services?
mTek Insurance Services's top competitors include Bismart, Pesabazzar and MyInsure.
What products or services does mTek Insurance Services offer?
mTek Insurance Services offers Insurance Quote Platform and Policy Management Tool.
Who are mTek Insurance Services's investors?
mTek Insurance Services has 4 investors. Key investors include Bolttech, Verod-Kepple Africa Ventures, Founders Factory Africa, and Finclusion.