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Cairo-based health insurtech SehaTech raises $850K in funding

September 3, 2023
SehaTech founding team

The company leverages its proprietary technology to digitize and automate the relationship between insurers and healthcare service providers, including claim and approval management processes, commonly known as third party administration (TPA) in the healthcare industry.

Sehatech is poised to become a game-changer in the TPA industry, and this funding round will support the company to expand its team, accelerate product development, and enhance customer service.

Funding 💰

Round $850K
Seed
Investors A15, Beltone Venture Capital

Quotes 💬

“
We are excited to partner with Sehatech as they bring a much-needed technological advancement to the medical insurance industry. Their innovative approach will not only improve the efficiency of medical insurance policies administration but also enable a better healthcare experience for patients in Egypt and beyond.
— Bassem Raafat, Principal at A15
“
We are thrilled to have the support of A15 and Beltone Venture Capital in our mission to transform the healthcare industry in Egypt and the broader region. Digitizing the TPA industry will have a significant social impact on how millions of patients consume healthcare services, making healthcare more accessible and affordable for everyone.
— Mohamed Elshabrawy, Co-founder & CEO of Sehatech

About 🏢

SehaTech has developed an AI-powered health finance platform that streamlines communication and monetary transactions between stakeholders in the Egyptian healthcare market. It is a fully digital Third Party Administration (TPA) that automates medical approvals, claims processing, and the billing cycle — saving insurers' time and expenses while preventing fraudulent practices. The company guarantees its payers the best prices and lowest loss ratio at its nationwide network of healthcare providers. more
source

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