Local short-term insurer Santam has acquiredIn a statement, the insurer says Kandua will merge with Santam’s existing home service offering, Home+, forming a wholly-owned, independent subsidiary.
“This is a strategic acquisition aimed at accelerating our digital innovation and expansion into new market segments. This acquisition expands the impact Santam can have on informal artisans and small businesses, through access to training, enabling business growth, job creation, financial inclusion and introducing products tailored for their needs.”
It offers an online marketplace for home services that enables consumers to connect with, compare and hire professionals across service types, such as plumbers, electricians and carpenters. Service providers can use the ‘Kandua for Pros’ app to find new customers and manage their core business processes.