Egyptian insurtech startup Amenli raises a $1M Seed round equity funding round to expand its team and strengthen its product offerings

Amenli is an Insurtech startup, licensed by the Financial Regulatory Authority in Egypt (FRA), providing a wide range of affordable and accessible insurance products to serve individuals, families and SMEs and liaising with insurance companies to handle client claims in an efficient and swift manner. Here are details of Amenli‘s latest funding round :

🚀 Launch

2020

🏭 Industry

Insurance

🧠Management

Adham Nauman (Co-founders), Omar Ezz El Din (Co-founders), Shady ElTohfa (Co-founders)

💸 Funding & Investors

INVESTMENT (October 2023)$1 million (Seed)
INVESTORS (October 2023)led by Alter Global with participation from Qatar Insurance Corporation’s (QIC) corporate VC arm Digital Venture Partners (DVP).

🎯 Funding purpose

Expand its team, strengthen its product offerings and build a robust brand.

🌐 Country HQ

Egypt (Cairo)

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