From TechCrunch
By Annie Njanja
December 7, 2023
Kenyan insurtech Lami Technologies February last year announced its acquisition of Bluewave, another startup within the insurance space, to expand its product offerings and enable it to scale into new markets in Africa, but it has now emerged that the deal fell through months later. TechCrunch has exclusively learned that at the time Lami went […]
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Kenyan logistics startup Sendy shuts down, embarks on asset sale
Sendy, a Kenyan logistics startup that enabled retailers to purchase FMCGs directly from manufacturers, among other services, is shutting down its operations and exploring a sale of its assets, TechCrunch has learned. Meshack Alloys, Sendy co-founder, confirmed the sale to TechCrunch without offering more details, saying: “We are in the middle of an acquisition process. […]
Aug 8, 2023
Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife
Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.6 billion. The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary […]
May 17, 2023
Luko’s acquisition won’t make everyone happy, but the insurtech will live on
Allianz Direct, a digital-first German subsidiary of the insurance giant, hasnacquired the French home insurance business of ailing insurtech Luko for €4.3nmillion (around $4.65 million).
Jan 25, 2024
Insify raises another $10.7 million for its business insurance startup
Amsterdam-based insurtech startup Insify has completed its Series A funding round with another €10 million ($10.7 million at today’s exchange rate). Overall, the startup has raised €25 million as part of its Series A round ($26.7 million). Munich Re Ventures, the venture capital division of the large reinsurance company, is leading the extension round. Insify […]
Jun 7, 2023