Egyptian insurtech Amanleek is powering a partnership between AXA Egypt and Valu to provide built-in credit life insurance to more than 500,000 customers.
According to the announcement, the coverage protects financing balances worth more than EGP 13B. In covered events, AXA Egypt will settle outstanding balances according to the policy terms, providing additional financial protection for Valu customers and their families.
The partnership integrates insurance into Valu’s financing journey rather than offering it as a separate step. It brings together financial services, insurance and technology to create what Amanleek described as a more seamless customer experience.
Amanleek, an AUC Venture Lab Fintech Fall’19 graduate, develops technology-based insurance solutions. The company is headquartered in Cairo.
Source: LinkedIn
