Egypt’s Amenli Secures $2.3m Funding to Expand Insurance Access

TLDR

• Egyptian insurtech broker Amenli secures $2.3 million funding round led by EBRD and Y Combinator
• Funding to drive digital transformation in Egypt’s underpenetrated insurance market and enhance technological capabilities
• Amenli aims to increase Egypt’s low insurance penetration to 5%, targeting a $20 billion market size

Amenli, an Egyptian insurtech broker licensed by the Financial Regulatory Authority (FRA), has raised $2.3 million in a new funding round led by the European Bank for…