![]() ![]() CXA Group was last reported to be seeking a $50 million fundraise at a $250 million valuation in September 2019. We last reported that Singapore Life was eyeing expansion in Malaysia, Indonesia, Vietnam and the Philippines via both organic and inorganic routes.ĬXA Group which is also Singapore-based and led by Rosaline Koo, is also backed by a host of strategic and VC investors, including HSBC, Sumitomo Corporation Equity Asia, MDI Ventures and Singtel Innov8. Singapore Life raised a $90 million equity round in July 2019 from Sumitomo Life, one of Japan’s largest insurance companies. Through our online platform, you can compare and get car insurance, credit cards, loans, phone. We make it easier for you to find the best deal that suits your budget and needs. Since 2014, Moneymax has been helping Filipinos build healthy financial lives. As part of Hyphen Group, our mission is to help Filipinos lead healthier financial lives. Both have received significant sums of VC money banking on the opportunity to disrupt a highly traditional financial sector. Moneymax 2,481 (na) tagasubaybay sa LinkedIn. In Asia, Sunday competes with insurtech players like Singapore Life and CXA Group. Indeed, we are excited to see the same phenomenon in Southeast Asia.” Managing partner at Vertex Ventures SEA and India, Chua Kee Lock added, “We have witnessed insurtech startups disrupt the traditional insurance industry in the West and in China. Today we’re proud to be able to deliver personalised coverage and superior customer experiences from initial insurance purchase all the way through to any claims, whether on the Sunday system or through its partner channels.” Sunday co-founder and CEO Cindy Kua told Thailand Fintech News, “Over the last two years, Sunday has been laser-focused on redesigning the entire insurance journey using data and technology. The fresh round of capital raised will be used by the startup to grow its AI and core technology, which relies on machine learning to price insurance premiums for health, motor and travel insurance in real-time, according to a media statement.įounded in 2017, Sunday aims to be a “one-stop shop” for insurance, covering everything from healthcare, mobile gadgets, vehicle and travel. Hyphen Group is a leading fintech company in Greater Southeast Asia, reaching over 10 million monthly users and working with more than 220 financial institutions across six markets including Hong Kong, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Another undisclosed insurance group is also understood to be a strategic investor and partner in Sunday. Innovators, Creative Wizards, Marketing Geniuses, Culture Operators. This new funding brings Sunday’s total Series A round to $21 million, after raising $10 million led by Vertex Ventures SEA and India in February 2019. This second tranche of capital was led by Quona Capital, a fintech venture capital (VC) firm, and joined by Temasek-backed investor, Vertex Ventures. Sunday, a Thailand-based insurtech startup raised US$11 million in an extension Series A funding round led by Quona Capital, according to a statement issued by the firm. ![]()
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