South African-based price comparison site, Click n Compare has announced the acquisition of Insured.ng, a free and impartial online comparison service that helps customers make choices on insurance products and services.
This comes as Click n Compare prepares to expand its services into Nigeria and Kenya, going head-to-head with PriceCheck and PricePadi in Nigeria and JijiniMarkets, InsureAfrika and PesaCon in Kenya.
As a result of the acquisition, Spark Managing Partner, Bastian Gotter and Leonard Stiegeler of Ringier West Africa will be joining Click and Compare Nigeria’s advisory board.
The terms of the deal are still very sketchy at the moment.
Click n Compare, which is backed by Silver Tree Capital, a business builder and seed investor for the African market, primarily provides affordable product options to its customers for Mobile, Broadband, Banking, Insurance and Travel.