Hyderabad: KFintech (KFin Technologies), one of India’s largest registrar and a market leader in the investor servicing industry, 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.
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 & 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.
KFintech, a multi-faceted company, serves Corporates, Mutual Funds, Venture Funds, Private Equity, National Pension System, Wealth Managers, and Exchange Traded Funds through its extensive network of branches both domestically and globally.
The comprehensive bouquet of services include Registrar & Transfer Agency, Issuing, Investor Relations, Recordkeeping and Advisory. The company provides user-friendly platforms to ensure that customers can access the entire range of services with complete ease.