bolttech, a Singapore-based insurtech company, acquired Digital Care, a Warsaw, Poland-based embedded protection company.
The amount of the deal was not disclosed.
The acquisition will provide bolttech with an increased global footprint, expanded product offerings, and enhanced operational scale and distribution partner network in the embedded protection space. By bringing on board Digital Care, bolttech will enter four new markets in EMEA – Poland, Croatia, Lithuania and South Africa. Following the completion of the acquisition, the two companies will work closely together to ensure a smooth transition for all employees, partners, and customers.
Led by CEO Aleksander Wistuba, Digital Care specializes in providing comprehensive embedded services throughout the mobile device lifecycle. It offers a holistic approach to mobile device management, encompassing services from device rental to repair, protection, buyback, and refurbishment in accordance with a circular model. Operating across Europe, Asia and Africa, it has served over 8 million customers.
Led by CEO Rob Schimek, bolttech is an insurtech with a mission to build a technology-enabled ecosystem for protection and insurance. With a full suite of digital and data-driven capabilities, it empowers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. The company serves customers in more than 30+ markets across the United States, Asia and Europe.
FinSMEs
18/10/2023