KFintech acquires 17% stake in insuretech startup Artivatic.ai

artivatic ai

KFin Technologies has acquired a 17% stake for an undisclosed amount in Artivatic.ai., an insurtech start-up and a market leader in the financial sector providing investor servicing.

With this partnership, KFintech will enter the insurtech vertical. This is in keeping up with the company’s plans as it is looking to expand beyond pensions, mutual funds, and corporate, etc asset classes. 

Artivatic.ai intends to utilize the freshly raised funds to explore new business horizons, grow the product portfolio, and expand its footprint across the country and other global markets as well.

Founded in 2017, by Layak Singh and Puneet Tandon, Artivatic offers customized solutions to risk and fraud intelligence, underwriting, fraud and risk intelligence, embedded distribution, new-age product design, sales intelligence, amongst other services to facilitate insurance operations for customers as well as insurers.

KFin Technologies has designed automated services serving all along the financial logistics chain and classes. Their platform provides services like distribution networks, investor servicing, compliance, reporting, and documentation. Its operations are spread over India across 180 branches and two countries abroad, namely, Bahrain, and Malaysia.

The partnership of these two businesses will benefit in building a scalable and extensive insurtech business.

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