SehaTech, an Egyptian insurtech building workflow infrastructure for medical insurance, has closed a $1.1 million seed round, lifting total funding to $2 million. It raised $850,000 in 2023. The round was led by Ingressive Capital, with participation from Plus VC, strategic angels, and existing backers A15, Beltone Venture Capital, and a veteran industry operator. The capital will help SehaTech expand across Egypt and neighboring markets while deepening its AI-driven automation stack.
Founded to modernize how health insurance is administered, SehaTech offers a full-stack platform that digitizes the entire journey between payers and providers—from eligibility checks and pre-authorizations to claims adjudication, fraud screening, and settlement. The company’s pitch is straightforward: fragmented, manual back-office work slows care, inflates costs, and creates room for abuse. By turning those processes into software-defined, rule-driven workflows, SehaTech says it can cut turnaround times, shrink operational spend, and improve accuracy for all sides.
Chief executive Mohamed Elshabrawy frames the mission as both technical and social. “Our goal is not only to fix operational inefficiencies in medical insurance processing but also to expand access to quality health coverage,” he said, noting that automation reduces friction at the transaction layer and increases payer confidence to underwrite more lives. Low insurance penetration across Egypt and many emerging markets means a large segment of households still pay out of pocket; SehaTech argues that scalable administration is a prerequisite for broader inclusion.
Investors are leaning into that thesis. Maya Horgan Famodu, Founder & Managing Partner at Ingressive Capital, called SehaTech’s platform “critical in solving a deeply entrenched problem at the heart of healthcare delivery,” adding that its impact extends beyond efficiency to healthcare financial inclusion. In practice, the platform combines AI models with a policy/rules engine: machine learning flags anomalous claims or utilization patterns, while configurable rules mirror payers’ benefit designs and prior-authorization protocols. The result is fewer manual reviews, faster provider payments, and a more transparent audit trail.
For insurers, SehaTech positions itself as a drop-in operating layer—API-first and modular—so carriers can adopt pre-authorization, claims adjudication, or fraud detection à la carte, then expand to a fuller deployment. For providers, digitized pre-auth and claims status tracking aim to reduce back-and-forth with payer desks and shorten revenue cycles. Patients see the benefits indirectly: fewer delays at the point of care and quicker resolution of coverage questions.
The seed funding will be used to scale the team, expand go-to-market, and extend the product roadmap. Priorities include richer AI features (e.g., predictive triage of claims, adaptive risk scores), greater configurability for different benefit designs, and deeper integrations with hospital information systems, third-party administrators, and e-pharmacy platforms. SehaTech also plans to invest in compliance and data security, reflecting the sensitivity of medical and financial records and the growing emphasis on privacy-by-design in health technology.
SehaTech’s timing aligns with a broader shift in the region: payers seeking margin discipline, providers demanding faster settlement, and regulators encouraging digitization to curb fraud and improve access. If the company can continue proving that software-driven administration lowers costs and expands insurable populations, it may help move Egypt’s health coverage beyond incremental fixes—toward an infrastructure where speed, transparency, and inclusion are built into the rails.
