Egyptian Health Insurance Startup Sehatech Raises $850k to Digitize Healthcare
Sehatech, an Egyptian health insurance startup that uses technology to automate medical approvals, claims processing, and billing, has raised $850k in funding.
The round was led by A15 and Beltone Venture Capital, a subsidiary of Beltone Holding Company.
Sehatech was founded in 2022.
The startup’s platform aims to improve the efficiency and transparency of the healthcare insurance industry by digitizing the entire claims process.
This can save insurers time and money, and it can also help to prevent fraudulent claims.
The startup’s latest round of funding will be used to grow Sehatech’s team and expand its product offerings.
The startup plans to launch new features that will allow insurers to better manage their relationships with healthcare providers. Sehatech also plans to expand into new markets in the Middle East and Africa.
The investment in Sehatech is a sign of the growing interest in health-tech startups in Africa.
The continent’s healthcare system is facing a number of challenges, including a lack of access to quality care, high costs, and fraud.
Healthtech startups are using technology to address these challenges, and they are attracting increasing investment from both local and international investors.
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