Transaction

bolttech Group acquires mTek's operations in Kenya

Announced

3 December 2025

Target

Hillcroft Insurance Brokers Limited (T/A mTek Services)

Value

Undisclosed

Asset class

Venture Capital

Type

Merger/Acquisition(M&A)

Instrument

Ordinary Shares (Equity)

Lead investors

bolttech Group

Investors

bolttech Group

Sector

Financial services / Non-life Insurance, Life Insurance

Markets

Kenya

About the target

mTek Services is a Kenyan insurtech company that operates a digital insurance ecosystem aimed at simplifying the insurance experience for consumers. By leveraging innovative technology and data analytics, the company provides accessible and user-friendly insurance solutions tailored to meet the diverse needs of individuals and businesses. mTek Services focuses on enhancing customer engagement and transparency within the insurance sector, offering a wide range of products, including health, property, and motor insurance. The platform enables users to compare different insurance options, manage their policies, and make claims easily, all through a seamless digital interface. Committed to driving financial inclusion, mTek Services seeks to educate consumers about the benefits of insurance and promote awareness of their options. Its strategic objectives include expanding its product offerings, improving user experience, and fostering partnerships with insurance providers to enhance service delivery.