UAE Healthtech Sehteq Raises $3 Million in Debt Financing
The startup will channel the new funds into expanding its offerings in other MENA markets.
Dubai-based healthtech, Sehteq, has announced its intentions to expand its offerings in Oman, Iraq, Egypt and Saudi Arabia, as well accelerate its Techcelerate project, following a raise of $3 million in debt financing from 971 Capital - a key investor for the startup.
Launched by Noor Al Kamil and Saif Al Jaibeji in 2018, Sehteq uses tech to achieve its ultimate aim of automating health insurance, which it subsequently hopes it can make accessible and affordable. Through its platform, it utilises artificial intelligence to digitise insurance plan supply for individuals and families across UAE and fully automating the sale and post-sale processes.
Hailed for its user-friendly experience and customisation options, which allows users to tailor their insurance plans easily, the startup has - in quite unique fashion - expanded to other forms of insurance.
“Sehteq was born to be the innovation lab of the industry,” said co-founder, Saif Al Jaibeji. “After a successful launch of products and technology solutions for the health insurance market we have expanded our offering to travel, life and other lines of insurance and in partnership with our competitors.”
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