KFintech acquires stake in insurtech startup Artivatic
The Hindu
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. Artivatic will utilise the fund to broaden the product portfolio, explore new business horizons and expand footprint across India and other global markets with the help of KFin.
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