Bolttech, a global InsurTech leader, has announced its acquisition of mTek, a digital insurance platform based in Kenya. This move is part of bolttech’s strategy to accelerate its growth in East Africa and enhance its embedded insurance capabilities on a global scale.
With this acquisition, bolttech aims to merge mTek's local market expertise with its own established international insurance and protection framework. This integration is expected to bolster bolttech’s offerings, making it more agile in meeting the diverse insurance needs of customers in East Africa.
The acquisition is viewed as a significant step for bolttech as it looks to deepen its footprint in emerging markets. By tapping into mTek’s digital platform, bolttech is positioning itself to leverage local insights and innovations. This could also mean more tailored insurance products for underserved markets in the region.
Both companies stand to benefit from this transaction. Bolttech can expand its portfolio and reach, while mTek gains access to a broader audience and advanced tools. For consumers, this could result in improved insurance products that are more in tune with local needs.
Overall, this acquisition reflects the ongoing trend of consolidation within the InsurTech space, driven by the demand for digital solutions in insurance.
Original Source: https://fintech.global/2025/12/04/bolttech-acquires-kenyan-insurtech-mtek/