KFin Technologies announces its investment in InsurTech startup Artivatic.ai
Hyderabad, May 11 (UNI) KFin Technologies, one of India’s largest registrar and a market leader in the investor servicing industry, on Tuesday announced its investment in InsurTech startup Artivatic.ai.
This partnership will help KFintech venture into the Insurtech space as the firm looks to diversify beyond offering Registry services to Mutual Funds, Corporate, Pensions amongst other asset classes, the company said in a release here.
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.
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.
KFintech acquires stake in insurtech startup Artivatic
Updated:
Updated:
May 12, 2021 03:03 IST
KFin will contribute to Artivatic with access to clientele, geographic expansion, thought leadership and technology and process frameworks.
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KFin Ceo Sreekanth Nadella
KFin will contribute to Artivatic with access to clientele, geographic expansion, thought leadership and technology and process frameworks.
KFin Technologies, which is backed by American PE firm General Atlantic, has acquired 17% stake in insurtech startup Artivatic for an undisclosed sum.
One of the largest registrars and a leader in investor servicing industry, KFin seeks to venture, with the investment, into insurtech space thus diversifying beyond providing registry services to mutual funds, corporate, pensions amongst other asset classes. It has bought the “stake in Artivatic on a path to majority,” a release said.