SehaTech
Overview
SehaTech is an Egyptian-based insurtech company that specializes in automating the health insurance industry. Founded in 2020, it has raised a notable sum of $2 million to date, with significant recent funding coming from a seed round led by prominent venture capital firms such as Ingressive Capital. Co-founded by Mohamed Elshabrawy, Mostafa Tarek, and Omar Shawky, SehaTech aims to transform health insurance management in Egypt through its AI-driven platforms. The company is headquartered in Cairo, Egypt.
Recent Developments
- October 2025: SehaTech successfully concluded a $1.1 million seed funding round led by Ingressive Capital, with participation from Plus VC and other strategic angel investors. This funding is intended to enhance their AI-driven platform, scaling operations across Egypt and the MENA region.
- September 2025: The startup raised $850,000 earlier in seed funding rounds from A15 and Beltone Venture Capital, which were pivotal in supporting the company's technology and operational expansions.
- The latest funds are being allocated for team expansion, enhanced AI capabilities, and broader market penetration. As articulated by Mohamed Elshabrawy, the company's CEO, their mission is to simplify and streamline the complex processes of medical insurance, increasing access to services in a market historically plagued by inefficiencies.
- 2024 - 2025: SehaTech's AI-powered digital platform continues to address low health insurance penetration in Egypt by reducing operational inefficiencies and fraud, thus facilitating a more inclusive and sustainable healthcare system. The company emphasizes using technology to automate claims processing, medical approvals, and billing, which reduces manual errors and enables healthcare financial inclusion.
- Investors recognize SehaTech's potential to alter the Egyptian healthcare landscape by addressing these systemic challenges, echoing broader regional trends where digital health solutions are critical for expanding access to healthcare services.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Cairo, Egypt |
| Founders | Mostafa Tarek, Mohamed Elshabrawy, Omar Shawky |
| Revenue | N/A |
| Profits | N/A |
| Key Investors | Ingressive Capital, Plus VC, A15, Beltone Venture Capital |
| Industry | Healthtech, Insurtech |
| Number of Employees | 18 |
Early History
SehaTech was founded in 2020 with a mission to digitally transform the health insurance industry in Egypt. The company's inception was driven by the need to address inefficiencies in the traditional health insurance processes, which were largely manual and prone to errors. Founders Elshabrawy, Tarek, and Shawky collaborated to create an innovative platform utilizing AI to automate various functions within the insurance claims process. Key early milestones included participation in accelerator programs and securing initial seed funding, enabling SehaTech to develop its proprietary technology for digital claims management and medical approval processes. This groundwork established the company's foothold in a competitive market, allowing it to cater to the needs of stakeholders in healthcare and insurance sectors.
Company Profile and Achievements
SehaTech operates as an innovative leader in the insurtech space, combining technology and healthcare to enhance insurer-provider networks. The company's flagship product — an AI-centric health finance platform — streamlines communication between stakeholders by significantly reducing administrative bottlenecks and eliminating fraudulent activities. Key achievements include:
- 2023: SehaTech secured $850,000 in pre-seed funding, bolstering its market entry and product development capabilities.
- 2024: Additional funding rounds led by strategic partners Ingressive Capital and Beltone Venture Capital supported scale-up efforts and regional expansion.
- SehaTech's platform encompasses self-funded medical schemes facilitating interaction with medical provider networks, enabling rapid, transparent claim processing and billing cycles.
- Technological Edge: By adopting a sophisticated rule-based engine, SehaTech minimizes manual errors, waste, and fraud, thereby optimizing financial outcomes for both insurers and insured parties.
- The company has received recognition for contributing towards more accessible healthcare delivery in Egypt and scaling operations to accommodate increasing demands for insurtech solutions across the Middle East and Africa.
Current Operations and Market Position
Currently, SehaTech is expanding its operations within Egypt and considers scaling to the broader MENA region. The company’s focus on AI-powered solutions positions it strategically in the health insurance industry, where digital transformation is increasingly pivotal. By leveraging machine learning, SehaTech provides real-time claims processing, reducing administrative costs, and enhancing service delivery efficiencies. The venture has appealed to investors due to its potential to significantly overhaul outdated practices within health insurance, thus capturing a growing market share among emerging insurtech companies. SehaTech is also at the forefront of addressing systematic healthcare delivery issues, making it a key player in the insurtech landscape.
Conclusion
SehaTech stands as a pivotal force in the digital transformation of Egypt's health insurance sector. By leveraging AI-driven technologies, the company seeks not only to address operational inefficiencies but also to expand healthcare coverage to underserved populations. With recent influxes of capital and strategic investor backing, SehaTech is poised for further growth and innovation. As it continues to navigate the complexities of the insurance landscape, its potential for impact and leadership in the healthtech and insurtech industries remains significant. The company's commitment to enhancing financial inclusivity and operational efficiency highlights its vital role in shaping the future of healthcare delivery in growing markets.