Tuesday, January 18, 2022

Slide Slide
Home Funding Insurtech firm Fuse raises US $ 25 million in funding

Insurtech firm Fuse raises US $ 25 million in funding

To offer more than 300 products, which Fuse offers both directly to end consumers and through the over 60,000 agents on its platform, the insurtech firm has established partnerships with over 30 insurance companies

An Indonesia-based insurtech firm, Fuse, announced that it has raised US$25 million in series B+ funding. Existing investors, who participated in the round include East Ventures (Growth Fund), GGV Capital, eWTP, and Emtek.

Bringing its total series B funding to US$50 million, the company raised another US$25 million in its series B and series B extended rounds in the past six months.

Including partnerships with agents or marketers, collaborations with other companies, and direct-to-consumer offerings, Fuse is an insurtech (insurance technology) company that has several business models.

To offer more than 300 products, which Fuse offers both directly to end consumers and through the over 60,000 agents on its platform, the insurtech firm has established partnerships with over 30 insurance companies.

The company, which has more than 460 employees across Indonesia, Vietnam, and China till date, was founded by Andy Yeung and Ivan Sunandar in 2017.

Fuse plans to use the fresh funds to expand to more countries in Southeast Asia.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -1x1 banner1x1 banner1x1 banner1x1 banner

Most Popular

Bringing new technology and automation into the process is always on priority, says Vinay Kumar, CIO at MMG

As technology became increasingly important, one of the most important roles that I needed to adapt to was to become a strategic thought partner...

Venture capitalist technology: CM Bommai hails PM Modi as Bengaluru becomes one of top funding hubs

Overall, Indian tech venture capitalist technology investment grew nearly three times to USD 44.6 billion in 2021 from USD 14.9 billion in 2020 As India...

Technology: Banks to face major challenge in finding talent

The demand in the market today is for the right talent, whether it’s for business, technology or some of the niche skills around AI...

Rocket scientist Somanath is the new Chairman of ISRO

From TKM College of Engineering, the rocket scientist earned his B. Tech in mechanical engineering and a Masters in aerospace engineering from the Indian...

Recent Comments