Egypt's insurtech Amenli raises $2.3 million Seed
Egypt-based insurtech Amenli has raised a $2.3 million Seed round from GFC, P1 Ventures, Liquid2 Ventures, Anim Fund with Costanoa VC,...
Source: wamda.com
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YC-backed Amenli raises $2.3M to provide insurance to Egyptian consumers – TechCrunch
The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. The insurance market is still one of the industries […]
Source: techcrunch.com
Seven Mena startups selected for Y Combinator's summer cohort 2021
Seven Mena startups selected for Y Combinator's summer cohort 2021 Image courtesy of Y Combinator Y Combinator’s latest summer cohort contains the largest group of startups from the Middle East and North Africa (Mena) in its history, with seven regional startups participating in the famous accelerator programme, which has graduated the likes of Stripe, Dropbox and Airbnb. While Mena-based startups comprise less than 10 per cent of this summer’s cohort, the number of startups from the region has been steadily rising, reflecting the rising global interest in the region’s tech ecosystem....
Source: wamda.com