KARACHI: Insurance start-up Waada has acquired its rival company MicroEnsure Pakistan at an undisclosed price, the company said in a recent LinkedIn post.
The transaction makes Wada the largest player among all technology-led start-ups in the country’s insurance segment.
Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech
Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market.