Santam completes acquisition of Kandua to strengthen home service offering
Acquiring Company
Santam
Acquired Company
Kandua
BellvilleJohannesburgFinancial ServicesEmployee BenefitsInsuranceE CommerceMarketplaceInternetDescription
Santam, a short-term insurance specialist, has acquired Kandua, a technology company that operates an online marketplace for home services. Kandua will be integrated with Santam’s current home service offering, Home+, creating a wholly owned, independent subsidiary of the insurer. The acquisition reinforces Santam’s commitment to enhancing its home service offering and expanding its capabilities within the sector.
Quick answer
Santam is acquiring Kandua, announced May 31, 2024. Santam is based in Bellville, Western Cape, South Africa.
- How much did Santam pay for Kandua?
- The deal value was not disclosed.
- What does Santam do?
- Santam is a short-term insurance specialist with a focus on providing a wide range of insurance services.
- Where are Santam and Kandua based?
- Santam is based in Bellville, Western Cape, South Africa. Kandua is based in Johannesburg, Gauteng, South Africa.
- Who are the decision-makers at Santam?
- Fundz holds 1 contact at Santam. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Utmost to acquire Luxembourg's Lombard International Assurance to strengthen its position in Europe (July 4, 2024)
- Cartrade Tech acquires OLX; OLX to Focus on Classified Business (May 14, 2024)
- AppDirect completes acquisition of Builtfirst to enhance marketplace solutions (May 9, 2024)
- PIB Group Europa expands into Romanian insurance market through acquisition of Stein Bestasig Insurance Broker (April 16, 2024)
- Southampton Financial partners with Cheep Insurance in a strategic equity deal (July 4, 2024)
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Frequently asked
Who acquired Kandua?
Kandua was acquired by Santam, based in Bellville. The deal was reported on May 31, 2024. Santam is a short-term insurance specialist with a focus on providing a wide range of insurance services. It is dedicated to enhancing the customer experience through innovative solutions and partnerships. Santam is privately held and operates in Financial Services.
When did Santam acquire Kandua?
Santam's acquisition of Kandua was reported on May 31, 2024. Santam, a short-term insurance specialist, has acquired Kandua, a technology company that operates an online marketplace for home services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Kandua do?
Kandua is a mission-driven tech start up. Our vision is to make home job fulfilment simple, intuitive and equitable for service providers and the customers they serve. It is privately held, operating in E Commerce, and is based in Johannesburg.
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