Stockholm based insuretch company Bima has raised $16.8m in Series D funding led by Axiata Digital. BIMA is an insurance technology firm that provides mobile-delivered microinsurance to underserved families in emerging market.
With presence in 10 countries and over 320 million customers across the region, Axiata already works with BIMA as a partner in several markets. The transition to shareholder deepens the integration with BIMA while opening up new high-growth markets across Asia to the startup which already has a presence in a 16 countries in Africa, Latin America and Asia, reaching 27 million customers. BIMA founder and CEO Gustaf Agartson (pic, right) said “Asia is a key region for BIMA. It is home to some of our most successful and profitable markets as well as the consumers who will drive the digital services revolution. Axiata Digital’s investment will ensure that BIMA continues to lead the industry and capitalises on the significant opportunity in Asia.”