Saturday, October 18, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Insurtech

Amenli raises $2.3 million in order to provide insurance services to Egyptians

Tech Gist Africa by Tech Gist Africa
10/10/2021
in Insurtech, Investments, Middle East and Africa, News - Middle East And North Africa, Startups, Venture Capital
0 0
0
Amenli Egypt

Amenli Egypt

0
SHARES
Share on FacebookShare on Twitter

Amenli, an Egyptian insurance startup, has raised $2.3 million in a seed round to help Egyptians get insurance.

P1 Ventures, GFC, and Anim Fund co-led the round, with Costanoa VC, Liquid2 Ventures, Cliff Angels, and other angel investors also participating.

Amenli is Egypt’s first licensed online insurance broker, founded in 2020 by Shady El Tohfa, Omar Ezz El Din, and Adham Nauman.

Since graduating from the Y Combinator Summer 2021 class, Amenli has seen a boost in revenue.

Since graduating from the accelerator, El Tohfa claims that the company’s sales have tripled. Customers did not rise as much as policies sold since they primarily repeat customers who utilize numerous insurance at once, according to El Tohfa.

“Everyone says that Egyptians don’t want to comprehend or get insurance.” “However, we discovered that educated middle-income people are aware of insurance, understand it, and want to buy it, even though it was previously unavailable to them,” the company noted.

In comparison to the industry standard of three weeks, the platform issues over 500 policies in less than ten minutes.

The stats are great, but the founders believe the company is still searching for product-market fit.

 

Read more on Tech Gist Africa:

Biware, a Tunisian big data startup, has raised $1.2 million in funding

With the participation of Sawari Ventures, Flat6Labs closes a $10 million seed fund for its Tunisia-based Anava Seed Fund

Naked, a South African insurtech startup, has raised $11 million in Series A funding led by Naspers

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Starlink Elon Musk
Investments

Starlink Commits $116 Million to Enhance South Africa’s Internet Infrastructure

by Tech Gist Africa
10/16/2025
0

SpaceX's satellite internet service, Starlink, has announced a significant investment of nearly R2 billion (approximately $116 million USD) to expand...

Read more
Saudi Aramco

Aramco Increases Stake in Petro Rabigh to 60% in $702 Million Deal

10/15/2025
Tagaddod Egypt

Tagaddod, an Egyptian cleantech startup Secures $26.3M Series A funding

10/14/2025
Optasia UAE

Optasia Targets $375 Million in Johannesburg Listing to Expand AI-Driven Financial Services

10/14/2025
Sam Altman in UAE

Sam Altman’s Global Tour Targets AI Infrastructure Expansion, UAE Engagement Key

10/13/2025
Next Post
Chari Morocco

Chari, a Moroccan B2B e-commerce startup, has raised $5 million in a seed round to fund its growth

Google for Startups Accelerator Africa

Google to invest $50 million in African startups through an equity-based fund

Facebook Community Accelerator Program in Africa

Facebook has announced the winners of the 2021 Community Accelerator Program in Africa

No Result
View All Result

The Big 5

Maor Shlomo

Maor Shlomo: From Solo Visionary to AI Pioneer — A Journey of Innovation and Impact

by Tech Gist Africa
10/17/2025
0

...

google Tech Gist Africa

Google Empowers African University Students with Free Access to AI Tools

by Tech Gist Africa
10/16/2025
0

...

Ized Uanikhehi

The Visionary Journey of Ized Uanikhehi

by Tech Gist Africa
10/13/2025
0

...

Funding

UK Government Launches £500 Million Fund to Propel Regional Tech Innovation

by Tech Gist Africa
10/09/2025
0

...

AI funding

EU Unveils €1 Billion ‘Apply AI’ Strategy to Boost Domestic AI Adoption

by Tech Gist Africa
10/09/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.