“LexisNexis
LexisNexis Risk 2025
LexisNexis Risk 2025
Close Menu
    • About Fintech News Network
    • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Press Release
    • Submit Interview Request
    • Submit Fintech Event
    • Submit Vacancy
    • Webinar Inquiry APAC
    • Fintech Startups in Malaysia
    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
      • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit
      • Submit Fintech Startup
      • Submit Press Release
      • Submit Interview Request
      • Submit Fintech Event
      • Submit Vacancy
      • Webinar Inquiry APAC
    • Fintech Events in Malaysia
    • MY Fintech Startup Directory
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    LinkedIn Facebook X (Twitter) YouTube RSS
    Free Newsletter
    • Blockchain
    • Lending
    • Payments
    • Insurtech
    • Wealthtech
    • Regtech
    • Report
    • Startups
    • Events
    • Jobs
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    Home»Funding»Insurtech Firm PolicyStreet Raises RM 25 Million in Series A Round
    Funding Insurtech

    Insurtech Firm PolicyStreet Raises RM 25 Million in Series A Round

    Fintech News MalaysiaFintech News MalaysiaSeptember 29, 20213 Mins Read
    LinkedIn Facebook Twitter Copy Link Telegram Email
    Share
    LinkedIn Facebook Twitter Telegram Copy Link Email
    Free Newsletter

    Get the hottest Fintech Malaysia News once a month in your Inbox

    Malaysian based insurtech firm PolicyStreet.com, announced the completion of its Series A fundraising round totalling RM25 million over two tranches.

    The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners, and the Leong family of Mah Sing Group led by business magnate Tan Sri Dato’ Sri Leong Hoy Kum.

    PolicyStreet.com raised an earlier round via PitchIN, KK Fund and Spiral Ventures during the height of the COVID-19 crisis in June last year one, the largest amount raised from an equity crowdfunding platform in Malaysia.

    The announcement of today’s Series A round also coincided with PolicyStreet.com securing in-principle approval for a combined Reinsurance and General Insurance license from the Labuan Financial Services Authority, the financial regulator for Labuan International Business and Financial Centre.

    It is the second insurtech to be granted the insurance license. The license will allow PolicyStreet.com to underwrite reinsurance and general risks as it looks to expand its strategic partnerships and footprint in the region.

    In 2019, it was the only local insurtech that received the Financial Adviser and Islamic Financial Adviser approval from the Central Bank of Malaysia, enabling it to work with 40 insurance and takaful providers in sourcing, aggregating, customising and advising customers on the best insurance products that meets their needs.

    The latest funding round follows a series of strategic partnerships PolicyStreet.com recently including the likes of airasia money, foodpanda and myTukar

    With the new round of funding, PolicyStreet.com aims to expand into new markets in the region, while doubling down on its technological capabilities and marketing efforts to address protection gaps and provide greater variety of insurance products to meet the growing demands of the digital economy.

    Today, the insurtech serves not just end-users but also businesses in providing customised Employee Benefit, Building and Group Personal Accident insurance. Its business clientele includes small to large corporates and technology companies.

    Yen Ming Lee, Co-Founder and CEO of PolicyStreet.com, said

    Lee Yen Ming
    Lee Yen Ming

     

    “We are truly proud to have Altara, Auspac, Gobi and the Leong family’s belief in our vision. We are excited to introduce new sachet-based and on-demand insurance products with our new license to power up the digital ecosystem, while continuing to provide value to all our existing customers in South East Asia. With a very seasoned and experienced team of investor partners, PolicyStreet.com is convinced that our new investors will be able to help us grow to be the leading insurtech in the region.”

     

     

     

    Share. LinkedIn Facebook Twitter Telegram Copy Link Email

    Author

    Avatar photo
    Fintech News Malaysia
    • Facebook
    • X (Twitter)

    Related Posts

    Zurich Travel Takaful Now Available on ShopeePay

    May 13, 2025

    PayNet Launches Malaysia’s First Fintech-Focused Hub to Support Startup Development

    May 6, 2025

    Top 5 Most Funded Fintechs in Malaysia For 2025

    April 21, 2025

    Tune Protect and Ticket2U Launch Insurance Covering Event Ticket Refunds

    April 8, 2025

    RM131.5 Million NIMP 2030 Fund to Be Channelled Through Seven Approved Platforms

    April 1, 2025

    Ashley Furniture Offers Furniture Insurance in Partnership with PolicyStreet

    March 27, 2025

    What is Bank Negara Malaysia Doing to Tackle Rising Insurance Premiums?

    March 27, 2025

    Wealth Platform Versa Raises RM30 Million in Series A Funding

    March 19, 2025
    SecuritySponsored

    When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud

    Sponsor: sumsubApril 9, 2025
    Fintech Malaysia Newsletter
    Subscribe to the most important Fintech Malaysia News
    Follow Us
    • LinkedIn
    • Facebook
    • Twitter
    • YouTube
    Featured Whitepaper

    Featured Reports

    Sumsub Identity Fraud Report 2024-2025

    Financial Crime Landscape in Malaysia Q4 2024

    Featured Award

    FF50 Banner Nomination

    Featured Fintech Events

    LexisNexis Malaysia Event

     ITC Asia 2025

    Sumsub Fraud Summit 2025

    Featured Fintech Video

    The Future of Islamic Digital Banking

    Webinar Replay

    Cracking the Code of Asia's Banking Trends in 2025 and Beyond-Temenos

    Upcoming Fintech Events
    Risk Ready 2025
    May 29, 2025
    Malaysia
    -
    Kuala Lumpur
    Featured
    FinXtex Malaysia 2025
    May 19, 2025
    Malaysia
    -
    Kuala Lumpur
    ITC Asia 2025
    June 3, 2025
    -
    June 5, 2025
    Singapore
    OceanBase INFINITY CxO Special | Malaysia Edition
    June 18, 2025
    Malaysia
    -
    Kuala Lumpur
    Fintech Revolution Summit 2025
    July 23, 2025
    Malaysia
    -
    Kuala Lumpur
    View More
    Promote Event
    Fintech Jobs
    Compliance and Risk Manager
    Petaling Jaya, Full-time, Hybrid
    CapBay
    View
    Account Manager
    Kuala Lumpur, Full-time
    Atome
    View
    Transaction Monitoring Specialis
    Kuala Lumpur, Full-time, On-site
    dtcpay
    View
    Channel Partnership Manager
    Kuala Lumpur, Full-time
    Curlec by Razorpay
    View
    Sales Assistant (B2B Fintech Media)
    Full-time, Remote
    Fintech News Network
    View
    View More
    Add Vacancy
    Malaysia Fintech Report 2024

    MY Fintech Map 2024

    Singapore Fintech Report 2024

    Singapore Fintech Report 2024

    Philippines Fintech Report 2024

    PH report 2024

    UAE Fintech Report 2024

    UAE Fintech Map 2024


    Whitepapers & E-Books
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Tookitaki
    Report - APAC Identity Fraud Report 2024/2025
    Report - APAC Identity Fraud Report 2024/2025
    Sumsub
     Permissionless Blockchain in Financial Services
    Permissionless Blockchain in Financial Services
    Zühlke
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Luno


    Navigation
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    Other Fintech News Network Publications
    Fintech News Malaysia
    Fintech News Singapore
    Fintech News Hong Kong
    Fintech News Philippines
    Fintech News Network Indonesia
    Fintech News Network Thailand
    Fintech News Switzerland
    Fintech News Baltic
    Fintech News Nordics
    Fintech News America
    Fintech News Middle East
    Fintech News Africa
    Get Informed

    Subscribe to Updates

    Subscribe to the most important Fintech Malaysia News

    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    © 2015 - 2025 Copyright CK Finanzpro GmbH. All Rights reserved.

    Type above and press Enter to search. Press Esc to cancel.