American private equity firm General Atlantic-backed registrar and transfer agency, KFin Technologies, on Tuesday said that it has acquired a 17% stake for an undisclosed amount in insurtech startup Artivatic.ai. The partnership with Artivatic will help KFintech venture into the insurtech space as the firm looks to diversify beyond offering registry services to Mutual Funds, Corporate, Pensions among other asset classes, the company said in a statement. On the other hand, Artivatic.ai will utilise the funding to broaden its product portfolio, explore new business horizons and expand its footprint across India and other global markets with the help of KFintech. "Access to capital aside, KFin will contribute to Artivatic.ai with access to clientele, geographic expansion, thought leadership and technology & process frameworks." Share ViaSubscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint May 11, 2021 14:37 UTC