mTek
mTek is a Nairobi-based digital insurance platform operating a mobile and web aggregator that enables Kenyan consumers and financial institutions to compare, purchase, and manage policies from 40+ insurers, serving 350,000+ customers and acquired by Bolttech in December 2025.
- Company typePrivate
- Founded2019
- HeadquartersNairobi, Kenya
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What mTek does
mTek, operating under Hillcroft Insurance Brokers Limited, is a Kenya-based digital insurance aggregation and distribution platform founded in 2019 in Nairobi. The company's core product is the mTek mobile application and web platform that enables consumers and partner institutions to compare, purchase, and manage insurance policies from over 40 Kenyan underwriters across 100+ General and Life insurance products, including motor, health, domestic, travel, personal accident, gadget, life & savings, and SME covers. The platform delivers an end-to-end paperless journey with quotes generated in under one minute, 24/7 policy document issuance, monthly installment payment options, and digital claims processing. Beyond consumer-facing distribution, mTek operates a B2B white-label technology platform deployed to banks, Saccos, and microfinance institutions for Bancassurance integration, and a B2B2C embedded insurance offering for affinity partners, with a cited bank-partner retention rate above 70%.
mTek monetizes through insurance brokerage commissions and technology fees from underwriters, white-label platform licensing for financial institutions, Patapesa agent commissions (3% of premium with instant Mpesa cashout), and premium financing facilitation via its TrustGro partnership. As of December 2025, mTek served over 350,000 customers, held partnerships with 45+ insurers, and maintained an app rating of 4.8/5 across 2,100+ Google Play reviews. The company is regulated by the Insurance Regulatory Authority (IRA) of Kenya and has raised approximately $5.77 million across funding rounds in 2021, 2022, and 2024, with investors including TrustGro, Finclusion Group, 54Collective, and Verod-Kepple Africa Ventures. On December 3, 2025, mTek was acquired by Singapore-headquartered insurtech unicorn Bolttech, integrating the platform into Bolttech's global embedded insurance ecosystem while the existing leadership, including CEO Bente Krogmann, continues to oversee East Africa operations.
mTek firmographics
Firmographics- Name
- mTek
- Legal name
- Hillcroft Insurance Brokers Limited
- Website
- https://mtek-services.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- mTek is a Nairobi-based digital insurance platform operating a mobile and web aggregator that enables Kenyan consumers and financial institutions to compare, purchase, and manage policies from 40+ insurers, serving 350,000+ customers and acquired by Bolttech in December 2025.
- Ownership category
- akta.pro rank
mTek industry classification
Industry- Product category
- Insurance Technology (Insurtech)
- NAICS
- Insurance Carriers and Related Activities (524)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Digital Distribution & Comparison Platforms (Aggregators/Marketplaces) (FSAGAGAA)
Keywords
Where mTek is headquartered
LocationHeadquarters
- HQ city
- Nairobi
- HQ country
- Kenya
- HQ region
- Africa
Offices2 records
Markets served
mTek business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Supply Chain
Revenue model
- Insurance Brokerage Commission: mTek earns technology fees and commissions from underwriters (insurance companies) for digital distribution of insurance products through its platform. The platform covers General and Life insurance across Motor, Health, Domestic, Travel, Personal Accident, Gadget, and Life & Savings lines.
- White-Label Technology Licensing: Revenue generated from deploying white-label platforms to banks, Saccos, MFIs, and other partners for embedded insurance distribution. Partners pay technology fees for integration and use of the platform.
- Agent Commission Revenue Share: Patapesa agent network earns 3% commission on premiums paid for insurance products purchased through the app. Agents can withdraw commissions instantly via Mpesa.
- Premium Financing Facilitation: Through TrustGro partnership ($1.52M healthcare security initiative), mTek facilitates access to affordable health insurance financing, enabling monthly premium payment plans for Kenyan households.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free platform for consumers - no charge to download or generate quotes |
| Transaction based/ take rate | Pay-as-you-go | Insurance Brokerage - commission earned from underwriters on each policy sold |
| Unit Pricing | Annual | SME Insurance Cover - base cover with optional add-ons |
| Subscription | Monthly | Site Track - construction site worker management tool |
| Unit Pricing | Monthly | Flexi Hela - savings with life cover (Sanlam) |
| Hybrid | Monthly | Installment payment option |
Go-to-market motion2 records
Distribution channels8 records
Marketing channels7 records
mTek product offering
Product offeringCore offering
mTek operates a digital insurance aggregation platform (mobile app and web) that allows Kenyan consumers to compare quotes from 40+ insurers, purchase policies, pay in monthly installments, and manage the full claims lifecycle paperlessly across Motor, Health, Domestic, Travel, Personal Accident, Gadget, Life & Savings, Last Expense, Evacuation, Golf, and SME lines. In parallel, it provides white-label technology and embedded insurance APIs to banks, Saccos, MFIs, and affinity partners for bancassurance distribution.
Product overview
mTek operates as a digital insurance aggregator platform offering both B2C and B2B/B2B2C services. The core mTek Services App enables customers to compare, purchase, and manage insurance policies from 40+ Kenyan underwriters through a paperless digital journey. The platform encompasses insurance products including Motor, Health, Life & Savings (Flexi Hela), Go-Gadget, Domestic, Travel, Personal Accident, Last Expense, Evacuation, Golf, and SME Insurance. The B2B offerings include White Label Technology for banks and financial institutions, and Embedded Insurance Solutions for seamless integration into partner platforms. Additional features include Patapesa (agent commission system), Site Track (construction site insurance management), and Unisure International Health Insurance for corporate clients.
Differentiator
Problem solved
Functional benefit
Products and services
- mTek Services App Digital insurance marketplace mobile application that allows Kenyan consumers to compare, purchase, and manage policies from 40+ underwriters (Motor, Health, Domestic, Travel, Personal Accident, Gadget, Life & Savings, Last Expense, Evacuation, Golf, SME) through a paperless journey with 24/7 policy issuance.
- Motor Insurance Vehicle insurance covering private and commercial vehicles against loss, fire, damage, and third-party liability, available as comprehensive or third-party-only coverage from multiple Kenyan underwriters.
- Health Insurance Medical insurance coverage offering inpatient and outpatient protection with individual, family, and corporate plan options from multiple Kenyan underwriters.
- Flexi Hela (Life & Savings) Flexible savings product partnered with Sanlam Insurance that combines savings growth with life cover benefits (KES 700 deposit for 100k life cover benefit), allowing withdrawals with no penalties.
- Go-Gadget Insurance Mobile device protection insurance covering accidental damages, breakdowns, parts and battery failures with unlimited claims and up to 15% annual savings.
- Domestic Insurance Home insurance protecting houses and belongings against fire, theft, and other perils, with options for house-only, contents-only, or combined coverage.
- Travel Insurance Coverage for travel-related risks including medical transportation, personal accident, lost luggage, and trip delays or cancellation.
- Personal Accident Insurance Insurance cover compensating for death, permanent total disablement, or temporary total disablement caused by accidental means, available for individuals and students.
- Last Expense Insurance Insurance cover providing funds for funeral expenses and final costs to ease the financial burden on family during difficult times.
- Evacuation Insurance (Traumacare) Emergency evacuation coverage providing care for patients with traumatic injuries requiring emergency transport and medical assistance.
- Golf Insurance Specialized coverage for golfing equipment against accidental loss or damage, hole-in-one coverage, and public liability.
- SME Insurance Affordable business protection covering fire and other perils, burglary, and personal accident for small businesses, with optional business interruption add-ons; priced from KES 1,225 to KES 12,250 for benefit limits of KES 50,000 to KES 500,000.
- Unisure International Health Insurance Global corporate health insurance providing employees unlimited access to healthcare facilities worldwide (excluding USA and Canada) with a USD 5,000,000 overall annual limit, offered via Umatter partnership with MUA Insurance.
- White Label Technology Platform B2B white-label technology platform enabling banks, Saccos, MFIs, and strategic partners to deploy scalable, cost-effective digital insurance platforms with user-friendly interfaces and API integration for rapid market entry.
- Embedded Insurance Solutions B2B2C embedded insurance platform enabling partners to offer insurance policies as seamless add-ons during commercial transactions, including Mastercard card-based coverage rollouts across East Africa.
Quantifiable outcome
- Over 350,000 customers served as of December 2025
- +7 more outcomes
Companies that use mTek
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles6 records
mTek technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature7 records
mTek partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship and core.
- MastercardflagshipMastercard announced a strategic collaboration with mTek (Hillcroft) on October 8, 2025, to introduce embedded insurance solutions across East Africa, integrating coverage into consumer and SME card offerings. This partnership leverages Mastercard's payment infrastructure and mTek's insurance distribution technology.
- TrustGrocoreTrustGro (a microfinance company under Finclusion Group) partnered with mTek to provide $1.52 million (KSh 170 million) for healthcare security financing. The initiative enables Kenyans to access health insurance through flexible monthly premium payment plans starting from KES 1,000 per month, with products available from 30+ Kenyan underwriters.
- GA InsurancecoreGA Insurance is one of the key underwriter partners on mTek's platform, providing motor, travel, and other insurance products available for comparison and purchase through the mTek app.
- SanlamcoreSanlam is a key underwriter partner on mTek's platform. Through the Sanlam partnership, mTek offers Flexi Hela, a flexible savings solution with life cover starting from KES 700 deposit for 100k life cover benefit.
- BritamcoreBritam (Britam General Insurance Company) is a major underwriter partner on mTek's platform. Britam provides Go-Gadget Insurance (mobile device protection) and personal accident insurance products through the platform.
- Jubilee Life InsurancecoremTek partnered with Jubilee Life Insurance to offer the Ahadi Term Assurance Cover, an online term assurance product providing a guaranteed lump sum payable if the policyholder dies within the policy term.
- ICEA Lion General InsurancecoreICEA Lion General Insurance is an underwriter partner on mTek's platform, providing travel, motor, and other general insurance products.
- MUA (Mauritius Union Assurance)coreMUA Insurance partnered with mTek through Umatter to provide International Health Insurance Plans with an overall annual limit of USD 5,000,000 and worldwide coverage (excluding USA and Canada).
- UmattercoremTek partnered with Umatter to provide International Health Insurance Plans giving employees unlimited access to healthcare facilities worldwide, regulated by Kenya Insurance Regulatory Authority (IRA) through a partnership with MUA.
- NCBA Group (LOOP)coreNCBA Group's LOOP digital banking service partnered with Bolttech (mTek's acquirer) to launch LOOP Flex, a Buy Now Pay Later device financing solution with embedded insurance protection, extending mTek/Bolttech's embedded insurance reach.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
mTek competitors and assessment
Company assessmentDirect peers
- PolicyBazaar (PB Fintech): India's largest online insurance aggregator and marketplace, enabling consumers to compare and purchase policies from multiple insurers. Closely comparable to mTek in business model (multi-carrier aggregation, digital-first distribution, commission-based revenue).
- BIMA: Provides mobile-based microinsurance and health products across emerging markets including Africa and Asia. Directly comparable as a digital insurance distributor operating in low-penetration markets with telco-led distribution partnerships.
- Turaco: African insurtech focused on embedded insurance distribution through mobile and digital partners across Uganda, Kenya, and Nigeria. Comparable as a B2B2C embedded insurance platform targeting underinsured African consumers.
- Inclusivity Solutions: African insurtech platform enabling insurers, banks, and mobile network operators to deliver digital insurance products to underserved customers. Directly comparable in targeting low-penetration African markets with embedded/distributed insurance technology.
- Acko General Insurance: India-based digital-native insurer offering mobile-first personal lines products with a paperless purchase experience. Comparable in digital-first insurance UX, paperless journeys, and use of technology to lower distribution costs.
- Digit Insurance: India-based digital-first insurer offering motor, health, and gadget insurance with a paperless mobile experience. Comparable in product mix (especially gadget/phone protection) and digital-only distribution approach targeting young consumers.
Broad incumbents
- Lemonade: Global digital insurance company offering mobile-first P&C and renters insurance with AI-driven underwriting. Comparable in mobile-first, AI-enhanced insurance distribution, though operating as a vertically integrated carrier rather than an aggregator.
- Old Mutual: Pan-African insurance and financial services group with significant East African presence through Old Mutual Kenya. Comparable as a large-scale insurance operator in the same geography, though primarily a carrier rather than a digital aggregator.
- Britam Holdings: Leading Kenyan insurance and financial services group and one of mTek's largest underwriter partners. Comparable in offering the same insurance product categories (motor, health, life, gadget) that mTek distributes on its platform.
Emerging players
- Jio Insurance Broking (Reliance): Indian digital insurance brokerage leveraging Reliance Jio's telecom distribution to scale multi-carrier insurance distribution. Comparable as a digital broker using high-volume consumer distribution rails to drive insurance penetration in a price-sensitive market.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
mTek social profiles
Digital presencemTek compliance and trust
Trust signalCompliance1 record
mTek financial estimates
Financial estimateRevenue estimate
Valuation estimate
mTek leadership team
Management profileNumber of profiles
Profiles1 record
mTek funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
mTek M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about mTek
What does mTek do?
mTek operates a digital insurance aggregation platform (mobile app and web) that allows Kenyan consumers to compare quotes from 40+ insurers, purchase policies, pay in monthly installments, and manage the full claims lifecycle paperlessly across Motor, Health, Domestic, Travel, Personal Accident, Gadget, Life & Savings, Last Expense, Evacuation, Golf, and SME lines. In parallel, it provides white-label technology and embedded insurance APIs to banks, Saccos, MFIs, and affinity partners for bancassurance distribution.
Is mTek a public or private company?
mTek is a private company. It is classified as corporate owned and is currently acquired.
When was mTek founded?
mTek was founded in 2019. It employs 11 to 50 people.
Where is mTek based?
mTek is headquartered in Nairobi, Kenya, in the Africa region.
How does mTek make money?
Four revenue lines are on record. Insurance Brokerage Commission is the primary driver. The others are white-Label Technology Licensing, agent Commission Revenue Share and premium Financing Facilitation.
Who are mTek's main competitors?
Direct peers on record are PolicyBazaar (PB Fintech), BIMA, Turaco, Inclusivity Solutions, Acko General Insurance and Digit Insurance. Broad incumbents are Lemonade, Old Mutual and Britam Holdings. Jio Insurance Broking (Reliance) is listed as an emerging player.
Does mTek have an API?
Yes. mTek offers API-enabled comparison tools and white label technology that enables quick deployment of scalable platforms for banks, SACCOS, MFIs, and strategic partners. The platform provides plug-and-play API integration capabilities and white-labeled web interfaces for embedding insurance products.
What industry is mTek in?
mTek's product category is Insurance Technology (Insurtech). Its primary akta.pro industry code is FSAGAGAA, Digital Distribution & Comparison Platforms (Aggregators/Marketplaces). Its NAICS code is 524 and its SIC code is 6411.