Fintech Singapore Life secures US$90m from major Japan insurer
Add BT as a preferred sourceSingapore
SINGAPORE Life - a fintech with an insurance and wealth focus - has secured a US$90 million investment from Sumitomo Life Insurance, with the major Japanese life insurer buying about 25 per cent in the Singapore firm.
The latest fund injection brings Singapore Life's valuation to US$358 million, its chief executive Walter de Oude told The Business Times on Monday, with the investment by Sumitomo Life now giving the startup the funds to speed up its "mobile-first ambitions".
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot
UK PM Starmer resigns; new leader to be in place by September
