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Raise Financial Services buys GreenLife Insurance Broking and plans a $15 million tech insurance platform
Startups
Published on 13 May 2026
A fintech unicorn is betting on insurance trust and speed
Raise Financial Services, the parent of stockbroker Dhan, has acquired IRDAI-registered GreenLife Insurance Broking in an all-cash and stock deal. The Mumbai-based fintech will invest about $15 million to build a technology-led consumer insurance distribution platform, aiming for launch by end-2026. Regulatory approvals are in place, and GreenLife will remain a wholly owned subsidiary within Raise’s ecosystem.
- Raise enters insurance distribution via an all-cash and stock acquisition
- Plans a $15 million investment to build a consumer-facing platform by end-2026
- GreenLife will operate as a wholly owned subsidiary, with its team relocating to Mumbai
- Deal adds insurance to Raise’s broader fintech stack as it pursues cross-sell growth
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This summarization was done by Beige for a story published on 
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