Malaysian Insurtech Ouch! Secures RM 1.5 Million Via Seed Round Led By Vynn Capital, Temokin
Summary
Malaysia-based Ouch!, a digital or online insurance company, has secured RM 1.5 million (appr. $360,000) in seed funding via a round led by Vynn Capital and Temokin, along with participation from several angel investors.The Ouch! team says it will use the capital raised from the investment round to enhance its line of products and services while also supporting its business development so it can establish a solid foundation.Ouch! We should always be prepared for rainy days, and with the pandemic having devastating effects on peoples lives, I believe there is no better time to educate ourselves on the importance of insurance. With our platform, we hope that Malaysians will be more confident in insurance to protect their assets and their future instead of being intimidated by it.Established in September 2019, Ouch!