Colendi Insurance

Embedded insurance technology infrastructure for agencies, brokers, banks, and digital platforms

Distribution & Sales Growth Series B

Overview

Colendi Insurance is an embedded insurance technology platform serving banks, fintech companies, insurance agencies, and brokers across the EMEA, GCC, and Turkic markets. The company operates as the insurance technology arm of Colendi, Turkey's largest fintech group and parent of ColendiBank, a licensed digital deposit bank that began operations in March 2025.

The company's primary product is the COMPI platform, an AI-native system that handles insurance quotation, policy administration, and claims workflows. COMPI is delivered via API, enabling financial institutions and digital platforms to add insurance distribution capabilities to their existing products without building insurance infrastructure independently. Colendi Insurance holds an insurance agent license and positions products on partner platforms through a managed integration approach.

Colendi raised USD 65M in a Series B round in May 2024 led by Citi Ventures at a USD 700M valuation, with Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg, and Hedef Holding participating. An additional USD 78M tranche followed in April 2025, bringing the valuation to USD 875M. The broader Colendi platform serves over 7 million users, with insurance products distributed through the ColendiBank channel and partner integrations across multiple markets.

Products & Services

COMPI Platform

An AI-native digital insurance platform that provides end-to-end coverage of insurance workflows for organizations embedding insurance into their products or services. The platform handles the full lifecycle from initial quotation through policy administration to claims processing, and is designed to integrate with banking and fintech environments via API.

Key Features

AI-driven quotation and underwriting decision support
End-to-end policy administration and management
Integrated claims processing and workflow automation
API-based embedding into partner platforms

Target Users: Banks, fintech platforms, insurance agencies, brokers

Embedded Insurance Solutions

A managed service that positions insurance products within partner platforms, handling product selection and configuration for each integration. Colendi Insurance's team identifies suitable products for each partner's customer base, reducing the go-to-market complexity for organizations entering insurance distribution.