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Amenli
AddedMar 20, 2024
UpdatedJun 18, 2026
Amenli

Amenli

Seed

Amenli: Egypt's first online insurance broker, offering fast and transparent services.

HQ
Cairo, Cairo Governorate, EG
Founded
2020
Accelerator
Y Combinator logoY CombinatorS21
Overview
Compare
Fundraising
Employees
Website

Amenli is Egypt's first licensed online insurance broker, aiming to revolutionize the insurance industry by providing convenient and transparent services. With a market focus on Egypt, where insurance penetration is notably low, Amenli addresses a significant gap in a rapidly growing market. The company offers a streamlined process that allows customers to obtain policies in less than 10 minutes, a stark contrast to the industry standard of three weeks. Co-founders Shady and Adham, who were key members of Paymob, bring valuable experience to the venture.

In a short span, Amenli has issued over 500 policies, demonstrating its efficiency and market acceptance. The company's innovative approach has positioned it as a key player in Egypt's insurance sector, which has a potential total addressable market of $10 billion. By leveraging their expertise from Paymob, Shady and Adham have successfully navigated the complexities of the insurance landscape, contributing to Amenli's rapid growth and impactful presence in the market.

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Amenli - Quick Facts

Who are Amenli's competitors?

Companies similar to Amenli include Curacel, Bimaplan, Covela and MyCover.ai.

When was Amenli founded?

Amenli was founded in 2020.

Where is Amenli's headquarters located?

Amenli's headquarters is located in Cairo, Cairo Governorate, EG.

When was Amenli's last funding round?

Amenli's most recent funding round was for $1M (USD) in October 2023.

How much has Amenli raised to-date?

As of Oct 9, 2023, Amenli has raised a total of $3.4M (USD).

How many employees does Amenli have?

Amenli has 125 employees as of Feb 24, 2024.

Amenli - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Egypt
Model
  • Platform
Revenue
  • Recurring
  • Transactional
Customer
  • Consumers
Main Product
  • Insurance
Tags
  • Insurtech
  • SaaS
NAICS
  • 524000Insurance Carriers and Related Activities
  • 524100Insurance Carriers
  • 520000Finance and Insurance
SIC
  • 6300Insurance Carriers
Show 1 more industry code
SIC
  • 6000Depository Institutions