Grace Ashiru
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’s value remains undisclosed.
Founded in 2014 by entrepreneurs Sayo Folawiyo and Arjun Khoosal, Kandua aims to support small businesses by connecting professional services firms with consumers. Post-acquisition, Folawiyo will continue his role as CEO of Kandua.
Short-term insurance specialist Santam has acquired Kandua, a technology company that operates an online marketplace for home services.
Kandua will be integrated with Santam’s existing home service offering, Home+, creating a wholly owned, independent subsidiary of the insurer. The acquisition’s value remains undisclosed.
Founded in 2014 by entrepreneurs Sayo Folawiyo and Arjun Khoosal, Kandua aims to support small businesses by linking professional services firms with consumers. Post-acquisition, Folawiyo will continue as CEO of Kandua.
Several major retailers and financial service providers already use the service, Santam mentioned. “Retailers can provide their customers with professional installation services alongside their purchases of home goods. The insurance solution brings the same level of efficiency and transparency to the fulfillment of insurance claims.”
