bolttech Acquires Polish Embedded Protection Firm Digital Careby Fintech News Singapore October 18, 2023
Insurtech firm bolttech has acquired Digital Care, an embedded protection company based in Poland. Financial details of the deal was not disclosed.
The acquisition will serve to expand bolttech’s products, operational scale and distribution partner network in the embedded protection space.
Additionally, bolttech will also extend its footprint to four new markets in EMEA – Poland, Croatia, Lithuania and South Africa.
Following the completion of the acquisition, bolttech and Digital Care will work closely together to ensure a smooth transition for all employees, partners, and customers.
“Digital Care’s strong track record of innovation and customer service, combined with their deep expertise in the embedded protection space, makes them an ideal partner for us as we accelerate our growth in EMEA and globally.
Together, we will be well-positioned to deliver innovative insurtech solutions to a wider range of partners and customers, and help more people access the protection they need.”
said Rob Schimek, Group Chief Executive Officer, bolttech.
“At Digital Care, we are delighted to join the bolttech family.
We believe that this is a significant growth opportunity for our company, and that we can play an important role in supporting bolttech’s mission to build the world’s leading, technology-enabled ecosystem for protection and insurance.”
said Aleksander Wistuba, Chief Executive Officer, Digital Care.