• Funding supports AI upgrades and MENA regional growth

• Platform aims to reduce inefficiencies, fraud in insurance systems
  

Egyptian insurtech startup SehaTech announced on Sunday, Oct. 19, 2025, a $1.1 million seed funding round to automate health insurance systems in Egypt and the wider Middle East and North Africa (MENA) region.

The funding round, which brings the company's total capital raised to $2 million, was led by Ingressive Capital, a venture capital fund specializing in pre-seed and seed-stage investments in Africa. The round also saw participation from several angel investors and previous investors A15 and Beltone Venture Capital.

SehaTech plans to use the new capital to enhance its workflow automation platform, which connects insurers and healthcare providers. Key improvements will include the integration of more advanced artificial intelligence (AI) solutions and other automation tools. The funds will also support team expansion and growth across Egypt and into other MENA countries.

Founded in 2022 by Mohamed Elshabrawy, Mostafa Tarek, and Omar Shawky, the insurtech firm's platform is designed to fully automate the health insurance back-office. By eliminating operational inefficiencies and reducing friction between insurers and healthcare providers, the technology also helps mitigate fraud and abuse. The company aims to boost health insurance penetration in the region, laying the groundwork for a more inclusive, accessible, and financially sustainable healthcare system.

"Our goal is not only to fix operational inefficiencies in medical insurance processing but also to expand access to quality health coverage," said Mohamed Elshabrawy, co-founder and Chief Executive Officer of SehaTech. He added that the funding will help the company "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."

Maya Horgan Famodu, Founder and Managing Partner at Ingressive Capital, stressed the importance of the company's work. "SehaTech’s work is critical in solving a deeply entrenched problem at the heart of healthcare delivery," she said.

Walid Kéfi