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Business EconomyPosted at: May 11 2021 4:06PM


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.
Artivatic provides risk-based personalized automated solutions catering to the underwriting, claims, risk and fraud intelligence, embedded distribution, new-age product design, sales intelligence, and more to ease insurance operations benefiting both the insurers and customers.
KFin Technologies has transformed its business model through automation and created an ecosystem of comprehensive automated services catering to the ecosystem partners across all financial asset classes.
These services range from investor servicing, distribution network, reporting, compliance and documentation. The synergies from these two firms will help in creating an equally comprehensive and scalable InsurTech business.
Speaking on the announcement, KFin Technologies Chief Executive Officer Sreekanth Nadella, said, expanding our portfolio of services into Insurance had been in the works, and our investment into Artivatic.ai is the first step in that direction.
We enormously value the techpreneur community and the value they add to the industry.
Artivatic.ai Co-Founder Layak Singh, said, “This investment will help Artivatic focus on building and strengthening new-age solutions in Insurance and Healthcare services to provide unified, risk-based, personalized technologies enabling end-to-end digital adoption.
Through the partnership with KFintech and General Atlantic, Artivatic will leverage domain expertise, network, and financial support to become one of the preferred solutions providers for insurance and scale faster in India and the South East Asia region, Mr Singh said.
This partnership will allow Artivatic to focus majority in growth, scale, expanding to various geographies, through the backing of KFintech, he added.
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Tags: #KFin Technologies announces its investment in InsurTech startup Artivatic.ai
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