Singapore Life gets US$20m investment from listed US insurer
Singapore
FINTECH Singapore Life has found a new investor in US insurer Aflac, which invested US$20 million for a minority equity stake, Singapore Life told The Business Times on Monday.
This brings the current valuation of Singapore Life - an online-only insurance firm - to more than US$200 million, said Walter de Oude, CEO of Singapore Life, in response to queries from BT. Singapore Life did not disclose the size of the minority stake.