Bolttech Acquires Kenya’s mTek in Major Move to Expand Digital Insurance Across Africa

Singapore-based insurtech unicorn bolttech has completed the acquisition of mTek, one of Kenya’s leading digital insurance platforms, marking a major expansion into the fast-growing East African insurance market. The deal, officially announced on December 3, 2025, positions bolttech to accelerate its African footprint while leveraging mTek’s powerful paperless insurance platform to enhance its global embedded insurance ecosystem.

Bolttech Strengthens Global Footprint With mTek Integration

Bolttech – already active in more than 35 markets across four continents – will integrate mTek into its global insurtech infrastructure. The move is designed to boost its embedded insurance capabilities while tapping into Africa’s rapidly digitizing insurance sector.

Founded in 2019, mTek has become a dominant player in Kenya’s insurtech space, serving over 350,000 users and working with more than 45 insurance partners, including leading brands such as GA Insurance, Sanlam, and Britam. mTek’s platform enables customers to compare, buy, and manage insurance policies entirely online – a model perfectly aligned with bolttech’s technology-first strategy.

“This represents an exciting step forward for bolttech as we expand our footprint in Africa,” said Stephan Tan, CEO of bolttech EMEA. “mTek’s innovative platform and talented team share our vision of using technology to make protection more accessible.”

Leadership Stability and Rebrand Planned

As part of the acquisition terms, mTek’s leadership team will remain in place to ensure a smooth transition. CEO Bente Krogmann will continue overseeing mTek’s operations in East Africa.

“Joining the bolttech family marks an exciting next chapter for mTek,” said Krogmann. “Our technology, local insight, and commitment to inclusive insurance have transformed how customers access protection in Kenya.”

The company confirmed to TechTrends Media that mTek will rebrand under the bolttech identity at a later stage, signaling deeper integration into the global insurtech giant’s brand architecture.

A Boost for Africa’s Insurtech Ecosystem

The acquisition comes just months after mTek’s strategic partnership with Mastercard, announced in September, to deliver embedded insurance products across East Africa—an initiative expected to drive mass adoption of digital insurance.

The deal also marks a successful exit for mTek’s early investors, including Verod-Kepple Africa Ventures and Founders Factory Africa, underscoring the rising maturity and investor confidence in East Africa’s tech and fintech startup ecosystem.

With bolttech now firmly stepping into the region through mTek, analysts say Africa’s insurtech market is set for increased innovation, competition, and customer-centric digital protection solutions.