Turtlemint opens first office in UAE, eyes global expansion

Turtlemint founded in 2015  — by Dhirendra Mahayavanshi and Anand Prabhudesai — has created a wide network of 225,000+ digital partners.

Turtlemint, a leading Indian insurtech company, has launched its first office in Dubai with an aim to unlock the market opportunity in a fast-developing Mena region.

The expansion — to scale digital insurance platform offering for enterprises — is aligned with its recent Series E funding of $120 million. Turtlefin provides end-to-end tech solutions to enable insurance sales and services and digitise insurance sales and services via comprehensive technology support for large enterprises like banks and other distributors.

Dhirendra Mahyavanshi, Co-founder, Turtlemint stated: “Turtlemint continues with its philosophy of empowering financial advisors and distributors in India, we are going beyond borders with our bouquet of tech solutions to large institutions and with this expansion we are geared to address the rising demand witnessed in the Middle East region, where banks are demonstrating an increased desire to provide superior digital services. We recognised a need for a technology partner in the current traditional banking landscape of the region, to facilitate a combination of legacy systems and new fintech capabilities in order to offer a seamless digital client experience. We aim to bridge this gap with Turtlefin’s comprehensive technology platform and support the BFSI community at large.”

Turtlemint founded in 2015  — by Dhirendra Mahayavanshi and Anand Prabhudesai — has created a wide network of 225,000+ digital partners. Most recently, the company onboarded Mahendra Singh Dhoni as the brand ambassador and launched the campaign #ActiveHoJaao to sensitise passive customers. Turtlefin works with over 160,000 financial advisors and 50+ financial institutions in India and the Middle East. In 2020 the company pioneered the common API framework. Since then, the Turtlefin platform has been a significant breakthrough for the region and has gained further popularity post its partnership with Mashreq in 2021.

Currently, Turtlefin is planning to work with multiple enterprises and users to help scale the insurance distribution platform.

Laxmikant Pawar will be leading the new centre and will be working with Amreesh Kher, chief partnerships distribution officer. The company is also looking to hire multiple candidates in 2023 across departments to bolster the operations in the region.