Insurtech

AIA Malaysia Takes a Minority Stake in TNG Digital, Reportedly Valuing It at RM3 Billion
E-Wallets Insurtech

AIA Malaysia Takes a Minority Stake in TNG Digital, Reportedly Valuing It at RM3 Billion

AIA Malaysia announced that it will be taking a minor stake in TNG Digital, the owner of Touch ‘n Go eWallet, as part of a long-term strategic partnership. The Edge reported that this move will make AIA the fourth shareholder

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E-Wallet Boost Launches Three More Insurance and Takaful Plans
E-Wallets Insurtech

E-Wallet Boost Launches Three More Insurance and Takaful Plans

Axiata Digital’s e-wallet Boost has introduced three new micro-insurance and takaful plans under ‘Boost Protect’ to further provide Malaysians with affordable and premium coverage. The addition of MozzieProtect, FamilyProtect and Critical Illness Care bring the total coverage plans to 13.

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Digital Pet Health Insuretech Oyen Nets Over RM 1.7 Million in Seed Funding
Funding Insurtech

Digital Pet Health Insuretech Oyen Nets Over RM 1.7 Million in Seed Funding

Oyen, a digital-first pet healthcare insurance provider based in Malaysia, has raised US$420,000 in a seed funding round. The fundraise saw participation by notable backers such as Hustle Fund, alongside angel investors who are former and current executives from Airbnb,

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myTukar Ties up With PolicyStreet.com to Offer Insurance for Pre-Owned Cars
Insurtech

myTukar Ties up With PolicyStreet.com to Offer Insurance for Pre-Owned Cars

myTukar, a Malaysian pre-owned car buying and selling platform, has announced a partnership with local insurtech firm PolicyStreet.com to offer insurance policies for pre-owned car purchases. Through the collaboration, myTukar’s wholesale and retail customers can now receive insurance quotations instantly

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Finology Crowned Winner of This Year’s Seedstars World Competition
Insurtech

Finology Crowned Winner of This Year’s Seedstars World Competition

Finology, a Malaysian fintech that specialises in enabling seamless lending and insurance for consumers and businesses, was crowned as Seedstars World 2020/2021 Competition’s winner. Representing Asia, Finology was up against the top companies from 4 other regions; Africa, Central and

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Carput Taps Policystreet.com’s Platform to Offer Auto Insurance Services
Insurtech

Carput Taps Policystreet.com’s Platform to Offer Auto Insurance Services

Malaysian insurtech company PolicyStreet.com has partnered with Carput, a homegrown automotive assistance platform, to offer car insurance. By teaming up with insurance technology company PolicyStreet.com, Carput said that customers will be able to experience greater ease in the car insurance

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Insurtech Platform Fatberry Raises RM 2.5 Million in Pre-Series A Funding Round
Insurtech

Insurtech Platform Fatberry Raises RM 2.5 Million in Pre-Series A Funding Round

Fatberry, a Malaysian B2C insurance online supermarket, has raised a RM2.5 million (approximately US$600,000) during a pre-Series A funding round. The round was led by strategic investor Stockholm-based publicly traded venture builder Abelco Investment Group AB. Other investors who participated

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Zurich Malaysia Partners Singaporean Fintech to Simplify Financial Planning
Insurtech

Zurich Malaysia Partners Singaporean Fintech to Simplify Financial Planning

Zurich Malaysia (Zurich) and Singapore-based fintech BetterTradeOff, today launched ‘Up | MyZurichLife’, a financial planning solution exclusively for MyZurichLife’s users to help them plan their finance. The solution took root after BetterTradeOff won the Malaysian round of the Zurich Innovation

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FWD Kicks off Insurtech and Takafultech Accelerator Programme
Funding Insurtech

FWD Kicks off Insurtech and Takafultech Accelerator Programme

FWD Insurance announced the launch of the FWD Start-Up Studio to support insurtech and takafultech startups in Malaysia, with seed funding of RM1.2 million over two years. The studio aims to build a new talent pool for insurance technology and

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Malaysian Insurtech Ouch! Raises RM 1.5 Million in Seed Funding
Insurtech

Malaysian Insurtech Ouch! Raises RM 1.5 Million in Seed Funding

Ouch!, a Malaysian-based digital insurance platform, announced that it had raised RM 1.5 million in a seed funding round from Vynn Capital and Temokin, along with a few angel investors. With the funding, the Ouch! team will be focusing on

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