PriyaPatel
TLDR:
Financial wellness platform Cashe has acquired insurance broking platform Centcart Insurance, marking its entry into the insurance space. This acquisition allows Cashe to offer insurance products across diverse categories, including life and general insurance, from multiple insurance partners in India. Cashe, managed by Aeries Financial Technologies, has facilitated Rs 10,200 crore worth of digital loans to over 3 million users in the past seven years. The acquisition of Centcart Insurance represents a significant milestone in Cashe’s growth and expansion into the insurance sector.
Key Elements:
- Cashe acquires insurance broking platform Centcart Insurance
- Aeries Financial Technologies, the parent company of Cashe, makes the acquisition
- Benefits of the acquisition include offering insurance products from multiple partners and entering the under-penetrated insurance sector in India
- Cashe facilitated Rs 10,200 crore worth of digital loans to over 3 million users in seven years
Overall, this strategic acquisition by Cashe allows the platform to expand its offerings, enter a new sector, and provide a wider range of financial products and services to its customers.
