Sehteq’s Growth Story: Customer Acquisition and Revenues

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.