BIK COMPLETES THE ACQUISITION OF PUNKTA

Pollen Street Capital are pleased to announce BIK has acquired Punkta, a leading online comparison platform focused on Motor and other personal lines insurance in Poland.

Punkta, which also trades as mFind, was launched in 2015 and has grown to become a leading player in its market, offering consumers the ability to search for, compare, and buy insurance products from a range of leading insurers online. Punkta’s website, which is supported by a range of useful content on insurance and financial services, attracts over 500,000 visits per month as Polish consumers increasingly look to buy insurance and other products online for greater convenience and to save money.

This is BIK’s second major acquisition in the last month, with the Group also recently announcing a deal to acquire the CEE businesses of April International SA. The acquisition of Punkta further consolidates BIK’s position as a leading motor insurance services provider in Poland, focused on using technology to deliver comprehensive, end-to-end services to its clients. In particular, this investment accelerates the delivery of BIK’s Retail strategy, bringing an established customer base, brand and marketing capability, leading technology, and access to new personal lines product categories such as Health, Property and Travel. As a result, BIK will be uniquely positioned in offering a truly omni-channel proposition to consumers in a large and rapidly-evolving Polish market.

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