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Olé Life raises $13m in Series B funding

Puerto Rico based insurtech company raised $13m in Series B funding led by PayPal Ventures.

“As the first fully-digital life insurance product in Latin America, this funding is a testament to the incredible progress we’ve made in building a platform that resonates with our customers. With the support of PayPal Ventures, we are poised to expand our reach beyond USD-denominated term life policies and introduce groundbreaking offerings, such as whole-family protection plans that address the region’s unique needs. This investment is a pivotal step toward transforming how financial protection is delivered empowering millions of families to secure their futures.”

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insurance, latin america, life insurance, digital insurance