May 12, 2021
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The investment will help KFintech venture into the insurtech space as it looks to diversify beyond offering registry services
Private equity giant General Atlantic-backed KFin Technologies, a Hyderabad-based registry services firm, has acquired a 17 per cent stake in insurtech startup Artivatic.ai for an undisclosed sum. The acquirer also has an option to increase its stake to majority holding in Artivatic.ai.
The investment will help KFintech venture into the insurtech space as it looks to diversify beyond offering registry services to mutual funds, corporate, pensions and other asset classes. Artivatic.ai will utilise the funding to broaden the product portfolio, explore new business horizons and expand its footprint across India and other global markets with the help of KFin.