Leads Connect Services, a premier agritech data, risk management, and financial services company, and Ensuredit, an AI-based platform that brings efficiency to the insurance distribution cycle, are delighted to announce the signing of a Memorandum of Understanding (MoU) to establish a strategic joint venture (JV) named 'Leads Ensuredit Private Limited'.
Leads Connect has been a driving force in developing innovative agriculture solutions, catering to the different needs of farmers, agribusinesses, and finance institutions. It has resulted in a paradigm shift in agricultural financing, ensuring farmers across the country easy access to capital and financial services.
Ensuredit, a well-known platform-as-a-service (PaaS) insurtech provider in India, has positively touched millions of consumers and businesses while redefining the insurance market with cutting-edge technological solutions.
The relationship brings together both businesses' demonstrated knowledge and capacities. It develops a dynamic integration of agricultural expertise, agri-research, catastrophe risk management, and an understanding of insurance technology to provide farmers and agribusinesses with a short- and medium-term product roadmap. The joint venture's major goal is to create a futuristic insurtech infrastructure that will provide complete insurance solutions and encourage innovation in the agri-insurtech sector. Following the foundation of the joint venture, the initial focus will be on growing service offerings in domestic and foreign markets.
Leads Connect Agritech and Ensuredit are both committed to the JV's success and will give all resources necessary to support its growth and development. Furthermore, Leads Ensuredit intends to hire a core staff of 7 to 8 people, which will be expanded as the company grows.
Amit Boni, CEO of Ensuredit, expressed his excitement about partnering with Leads Connect in the joint venture and mentioned that the signing of the Memorandum of Understanding (MoU) and the alliance mark a historic moment. He added that by leveraging each other's strengths, they aim to provide unique value to the sector. Their collaboration, Leads Ensuredit, aims to make a positive impact on the agricultural industry by offering innovative agri-fintech solutions that enhance productivity, mitigate risks, and improve the overall ecosystem.
Navneet Ravikar, Chairman & Managing Director of Leads Connect Services, conveyed his great enthusiasm for the joint venture. He stated that Leads Ensuredit presents an unprecedented opportunity to revolutionize the agricultural landscape by combining agritech, fintech, and insurtech.
By harnessing their agricultural expertise and Ensuredit's technological prowess, they are confident in delivering groundbreaking financial inclusion that will empower everyone and contribute to the sector.
