Insly acquires the insurance arm of TubaPay

Investments 05.12.2023

Insly acquires the insurance arm of TubaPay

Insly, the low/no-code insurance software platform, has acquired the insurance arm of TubaPay, an application enabling insurance agents to process premium payments via credit card and online. Tubapay is owned by Bacca, a Polish payments and financial services company.

This allows Insly to expand their service offering to provide MGAs, insurers, brokers, and agents with all the technology and services they need. The service will be separate from Tubapay and instead be developed under their own brand as InslyPay.

CEO and Founder, Risto Rossar, commented: “Having established ourselves as a leading insurance software platform for MGAs, insurance companies, brokers, and agents, we are now looking to expand our offering further. Acquisitions play an important role in our future growth, to both expand our service offerings and our geographical footprint. Incorporating InslyPay will enable users to fully streamline their sales and administration processes, increase efficiency, and provide a seamless experience to customers.”

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Founded by Risto Rossar in 2013, Insly enables insurers, MGAs, brokers, and underwriters to digitise and automate their mid and back-office operations, including distribution, policy administration, underwriting, claims, finance, and reinsurance. Insly’s no/low-code product is highly customisable and easily configurable, reducing the need for lengthy and costly development and implementation time.