Zego, the first UK insurtech to be awarded an insurance license, has snapped up Portugal-based telematics pioneer Drivit for an undisclosed sum.

Calling the transaction “a standout milestone in the Zego journey,” the insurance provider said it will use the swoop as a springboard to scale and expand into new products, markets, and territories at a greater speed. Drivit will allow Zego to obtain real-time driver behaviour data in-house.