Kylian Mbappé-Backed Alan Acquires Senegalese Healthtech Company Tanel

French health-technology company Alan has acquired Senegalese insurer Tanel Health, giving the €5.5 billion ($6.3 billion) company an immediate presence in Senegal and Côte d’Ivoire. The acquisition was reported by the Financial Times, while Alan and Tanel have not disclosed the purchase price or full terms of the transaction.

Tanel provides health-insurance cover to approximately 70,000 people across Senegal and Côte d’Ivoire. The company is expected to adopt the Alan name, with Tanel chief executive Mouhamed Ndoye and co-founder Makhtar Diop set to lead Alan’s African operations.

Tanel’s corporate customers include ride-hailing company Yango and fast-food chain KFC, giving Alan an established base of employer clients as it enters the West African market.

Alan Takes Its Insurance Platform Into Africa

Alan was founded in France in 2016 as a digital health-insurance company, offering employers and workers access to insurance management, healthcare consultations, claims and preventive-health services through its digital platform.

The company has since expanded into Belgium, Spain and Canada and now serves more than one million members. Its customers include Volkswagen Spain and France’s finance ministry.

The Tanel acquisition gives Alan an operating business in two African markets, including an existing customer base and local knowledge of insurance regulation and healthcare networks.

In June, Alan raised €480 million ($550 million) at a valuation of €5.5 billion. Prosus invested €400 million ($460 million) through a combination of new and existing shares, with Teachers’ Venture Growth, Index Ventures and Dara Holdings also participating.

Prosus was created from the international technology investment portfolio of South African company Naspers and has investments spanning fintech, food delivery, education and e-commerce.

Footballer Kylian Mbappé also became an Alan investor and ambassador in 2026, with his involvement focused on promoting exercise and preventive healthcare through the company’s platform. His investment in Alan does not indicate involvement in the Tanel transaction.

Tanel Gives Alan an Established West African Base

Tanel was valued at approximately $7.5 million in 2024 and had raised funding from investors including Nigeria-based Ventures Platform and Japan’s AAIC Investment.

The acquisition provides those investors with an exit from the business, while giving Alan access to a company that has already built relationships with customers and healthcare providers in Senegal and Côte d’Ivoire.

Tanel’s existing presence gives Alan an established entry point into West Africa, with approximately 70,000 members already using its services.

Alan reported annual recurring revenue of more than €800 million in the first quarter of 2026, with the Financial Times putting the figure at approximately €840 million.

The company remains loss-making, meaning its expansion into Africa will need to generate sufficient insurance and healthcare revenue to support the cost of claims, technology and local operations.

Competition in African Health Insurance

Alan is entering markets where private health-insurance coverage remains relatively limited and healthcare payments are often made directly by households.

Insurers also face fragmented healthcare systems, limited health data and varying levels of consumer trust across African markets.

Tanel gives Alan an existing operating platform to adapt its digital insurance model to local market conditions. The acquisition could also provide a base for further expansion across Africa as the company looks beyond its European markets.