Sehteq’s Growth Story: Customer Acquisition and Revenues
18 February 2024•
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As one of the first insurtech startups in the region, the first hurdle Sehteq faced was one with licensing.
The only option available in 2017 was to be licensed as a generic technology company, or to be licensed as an insurance company.
Sehteq officially began operations in February 2018 and closed the year with 20,000 customers and US $2.5 million in revenues.
Customers grew by 5X in 2019, amounting to $17 million in revenues.
Author
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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