KFin Technologies acquires 17% stake in insurtech startup Artivatic.ai

Mumbai: KFin Technologies, formerly known as Karvy Fintech, has acquired a 17% stake in insurtech startup Artivatic.ai for an undisclosed amount, with an option to buy a controlling stake in the future.

The acquisition will mark the General Atlantic-backed fintech firm’s foray into India’s insurtech space as the firm looks to diversify beyond offering registry services to mutual funds, corporates, pensions and other asset classes.