Kenyan Insurtech Lami's Acquisition Plans Hit a Snag as Bluewave Deal Collapses πŸ‡°πŸ‡ͺ

Kenyan Insurtech Lami's Acquisition Plans Hit a Snag as Bluewave Deal Collapses πŸ‡°πŸ‡ͺ

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Kenya's Lami Technologies' ambitious move to acquire Bluewave, announced in February last year, has crumbled as the deal fell through months later. Exclusive insights reveal that the initially touted acquisition was grounded on a two-year "strategic partnership agreement," with Bluewave founder Adelaide Odhiambo disclosing that changing terms, including acquisition costs, led to the collapse in August last year.

Kenyan insurtech Lami Technologies' plan to acquire Bluewave faced setbacks, with the deal collapsing after initially being framed as a two-year "strategic partnership agreement." Bluewave's founder, Adelaide Odhiambo, shared that shifting terms, including acquisition costs, led to the breakdown in August last year. Despite this, Lami raised $3.7 million in a seed extension, and Bluewave, having licensed its tech to Lami, is set to relaunch with new partnerships in East and Southern Africa.


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