- SehaTech raises USD 1.1M seed round led by Ingressive Capital to expand its AI-driven health insurance automation platform.
- The Egyptian InsurTech plans to scale its team, enhance AI capabilities, and expand operations across Egypt and the wider MENA region.
- Founded by Mohamed Elshabrawy, Mostafa Tarek, and Omar Shawky, SehaTech aims to boost health insurance access and reduce system inefficiencies.
SehaTech
Egypt’s InsurTech ,SehaTech, raised USD 1.1 million in a seed funding round. The round was led by Ingressive Capital, with participation from Plus VC, and a group of angel investors. It also saw participation from A15, Beltone Venture Capital, and an industry veteran.
Up next, with this funding, it aims to scale its team, expand operations across Egypt and the broader region. It also seeks to enhance its platform with deeper AI capabilities and automation tools.
“Our goal is not only to fix the operational inefficiencies in medical insurance processing but also to expand access to quality health coverage. This funding will help us continue building the tools needed to reduce friction between insurers and providers—and ultimately make health insurance more available to the millions who are underserved today,”
Mohamed Elshabrawy, Founder & CEO of SehaTech.
Health Insurance
Founded by Mohamed Elshabrawy, Mostafa Tarek, and Omar Shawky, SehaTech is an Insurtech company aiming to streamline and automate health insurance administration. It offers a full-stack, AI-centred platform that fully automates workflows. This aims to eliminate operational inefficiencies, reduce friction between insurers and healthcare providers, as well as reduce fraud and abuse.
“SehaTech’s work is critical in solving a deeply entrenched problem at the heart of healthcare delivery—especially in regions where infrastructure gaps hinder access to quality services,” said Maya Horgan Famodu, Founder & Managing Partner at Ingressive Capital
With this, it aims to tackle the challenge of low health insurance penetration in Egypt and many parts of the region. Through automating the backbone of the health insurance industry, it aims to foster a more inclusive, accessible, and financially sustainable healthcare system.
Its digital platform leverages AI and a rule-based engine to streamline approvals, claims, and payments. This seeks to reduce fraud and manual errors while providing a more transparent and efficient experience for all stakeholders.
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