Colendi Insurance
Embedded insurance technology infrastructure for agencies, brokers, banks, and digital platforms
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.
Key Features
- Partner-specific product configuration and selection
- Multi-product insurance distribution across lines
- Coverage across EMEA, GCC, and Turkic markets
Target Users: Digital platforms, enterprise retailers, financial institutions
At a Glance
- Founded
- 2018
- Headquarters
- Istanbul, Turkey
- Employees
- 51-200
- Funding
- Series B
Category & Focus
- Category
- Distribution & Sales
- Subcategories
- Embedded Insurance Policy Management Claims Management
- Insurance Verticals
- P&C Personal P&C Commercial Specialty/E&S
- Target Customers
- Carriers, Brokers, MGAs/MGUs, Agents/Agencies
Customers
- Insurance agencies and brokers
- Banks and financial institutions
- Digital platforms and fintech companies
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Last updated: 2026-05-17