Turtlemint, a leading Indian insurtech company today announced the launch of its first office in Dubai, UAE. As per Turtlemint’s growth strategy, the expansion announcement is aligned with its recent Series E funding of $120 million. The expansion is undertaken to scale its digital insurance platform offering for enterprises – Turtlefin’s operations in the Middle East. Turtlefin provides end-to-end tech solutions to enable insurance sales & services / digitize insurance sales & services via comprehensive technology support for large enterprises like Banks and other distributors.
The Dubai office will serve as the central hub for Turtlemint’s business development in the Middle East
region. The company aims to unlock the market opportunity in a fast-developing MENA region.
Mr Laxmikant Pawar will be leading the new center. Prior to this he held positions at Mashreq Bank and Oman Insurance in the region. He will be working with Amreesh Kher, the chief partnerships distribution officer. The company is also looking to hire multiple candidates in FY23 across departments to bolster the operations in the region.
On this development, 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 recognized 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.