KFintech acquires stake in insurtech startup Artivatic

KFin Technologies, which is backed by American PE firm General Atlantic, has acquired 17% stake in insurtech startup Artivatic for an undisclosed sum.

One of the largest registrars and a leader in investor servicing industry, KFin seeks to venture, with the investment, into insurtech space thus diversifying beyond providing registry services to mutual funds, corporate, pensions amongst other asset classes. It has bought the “stake in Artivatic on a path to majority,” a release said.