Announced
Financials
Sources
Tags
Private
Cross Border
Majority
France
Friendly
Single Bidder
Property and Casualty Insurance
unpaid rent
Pending
Acquisition
Synopsis
Luko, an European insurtech company, agreed to acquire Unkle, a French specialist of insurance unpaid rent. Financial terms were not disclosed. "Unkle has demonstrated its business model and its ability to succeed in a complex but promising market. Luko will now integrate Unkle into its ecosystem and give it all the keys to accelerate its growth. After the acquisition of our German competitor in January, this new step allows us to continue consolidating the market and strengthen our leadership in Europe," Raphaël Vullierme, Luko CEO and Co-Founder.
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