YC-backed Amenli raises $2.3M to provide insurance to Egyptian consumers
TechCrunch
OCTOBER 5, 2021
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. million seed round to provide insurance services for Egyptians.
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