IFC Invests US$20 Million in Boost at US$340 Million Valuation
Summary
IFC invested US$20 million in Boost Holdings through preference shares and valued the company at US$340 million post-money. Boost is still talking with other prospective investors as it looks for additional capital to support expansion. The company operates fintech services for users and merchants in Malaysia and Indonesia, including payments and financing. Boost also runs Boost Bank, a digital banking joint venture that launched publicly in June 2024 after obtaining a Malaysian digital banking licence. The deal increases Boost’s funding runway and supports its regional growth plans.
Funding
Amount
$20.0M
Total raised
Date
July 31, 2025
Announcement date
Investors
International Finance Corporation
Lead investors
Company
boostinsurance.com
Funded company
AskAI Classifications
Sectors
InsurTech
General Insurance Software
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Boost Insurance USA, Inc.
$1M to $5M