nib acquires Kynd
nib announced its subsidiary, nib Thrive, has acquired Kynd Pty Ltd .
Kynd is a digital marketplace for people who use Australia’s National Disability Insurance Scheme (NDIS). The acquisition was completed on July 3, 2023.
In 2022, nib raised $158.1 million to enter the NDIS through a series of plan management acquisitions, and now has ~27,000 people registered via the plan management businesses owned by nib Group.
Kynd offers a marketplace that enables people who use the NDIS, their carers and support coordinators to search, compare and book a range of support services. It brings together buyers and sellers with a high level of transparency around people, services, pricing and payment.
Mr Metcalfe, who founded Kynd in 2017, and the Kynd team, will remain with the business for a minimum of two years. “Kynd’s acquisition by nib brings a tremendous opportunity for growth, and benefits for Australia’s NDIS community,” Mr Metcalfe said. “Together with the entire Kynd team, I am thrilled to join nib Thrive, and look forward to continually improving Kynd.”