Insurtech

Singapore’s bolttech, valued at US$2.1 billion, raises over US$100 million

SINGAPORE-HEADQUARTERED insurance technology company bolttech has raised more than US$100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct l...

V2Y's core insurtech business segment is mainly focused on the general insurance market and device protection in Singapore.

V2Y calls for trading halt after volume spike

The insuretech company requested a trading halt at 12.44 pm, pending the release of an announcement.

Keith Lim Chee Seng, founder of Hearti Lab.

12 lawsuits and a liquidation later, legal brawls continue for Hearti Lab’s founder

AT 3pm on Jan 28, 2022, stony-faced creditors of Singapore-based Hearti Lab dialled into a Zoom call with its founder Keith Lim and liquidators and learnt about the insurtech company’s winding-up plan...

Investor support is validation of Igloo's strategy, says Raunak Mehta, co-founder and chief executive officer of Igloo.

Insurtech Igloo bags US$36 million pre-Series C funding

INSURTECH startup Igloo has raised US$36 million in a pre-Series C funding round with asset manager Eurazeo’s insurtech fund leading the round.

Bolttech could raise US$250 million to US$300 million from the offering, based on the company’s valuation of US$1.6 billion from its last funding round.

Singapore’s insurtech unicorn Bolttech weighs US$300 million US IPO

BOLTTECH, a Singapore-based insurance technology firm, is considering a US initial public offering that could raise as much as US$300 million, according to people with knowledge of the matter.

The Singapore-headquartered startup has raised US$247 million in its Series A round in 2021.

Insurtech startup Bolttech raises US$196 million in Series B round

INSURANCE technology (insurtech) startup Bolttech bagged US$196 million for its Series B funding round, raising its valuation to US$1.6 billion from US$1.5 billion in its first Series B close.

AiDA Technologies helps companies automate underwriting and claims processing, and detect fraud, waste and abuse.

AIA’s Amplify Health acquires AI startup AiDA, plans hiring spree

AMPLIFY Health, an healthtech set up by AIA, has fully acquired artificial intelligence (AI) startup AiDA Technologies as it looks to expand its team by hundreds of staff by the end of 2023.

Andrew Tan, group managing director at Silverlake Axis
TOPLINE

Silverlake Axis eyes potential in insurtech space

THE influx of non-traditional digital banks in recent years may have spurred some excitement in the financial services ecosystem, but at least one banking solutions provider is not jumping on the band...

Igloo CEO Raunak Mehta wants to accelerate regional growth.

Insurtech startup Igloo raises further US$27m funding; looking at M&A

IGLOO, a Singapore-based insurtech startup, has raised an additional US$27 million in Series B funding, in an extension to the US$19 million round earlier in March.

While the total size of the funding round was undisclosed, bolttech said this has brought the company’s valuation up to US$1.5 billion.

Tokio Marine leads Series B round of insurtech startup bolttech with US$50m investment

JAPANESE insurance company Tokio Marine has invested US$50 million in Series B funding for bolttech, one of its largest investments made in an insurtech startup to date.