allianz-direct/" rel="noopener noreferrer" target="_blank">Luko's parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.
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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
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
European Digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers
Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own […]
Oct 8, 2023
European digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers
Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insurer Admiral Group in a transaction that didn’t include its German or Spanish operations. Getsafe is now present in four countries since its expansion into France. Luko’s own […]
Oct 8, 2023