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Qoala raises $47m in Series C funding

Indonesia based personal insurance provider raised $47m in Series C funding led by PayPal Ventures and MassMutual Ventures.

“By taking this approach, Qoala has successfully positioned itself as the embedded insurance solution of choice to more than 50 consumer-facing platforms and marketplaces, and the top insurance platform solution used by more than 65,000 traditional offline agents. This has resulted in more than 15x growth in gross written premium from 2020 to 2023.”

Tags

asia, insurance, embedded finance, indonesia