Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent – TechCrunch
Summary
SundayA Bangkok-based insurance startup has announced that it has raised $ 45 million in Series B funding. He added that the data model can automate pricing and extend the underwriting process for complex risks. The new funds will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs. Insurance has not yet penetrated Relatively low in many Southeast Asian markets, Indonesia, but the industry is gaining momentum thanks to rising consumer awareness. For other Indonesian InsurTech startups that have recently raised money, Life Pal, PasarPolis, Qoala When fuse.. Cindy Kuo, co-founder and CEO of Sunday, said in a statement: While continuing to expand our portfolio in Thailand and Indonesia, we plan to expand our platform architecture to provide retail insurance to health insurance members and partners.