bolttech, a Singapore-based insurtech corporate, raised an undisclosed quantity in Collection B investment.
The funding values bolttech at roughly US$1.5 billion.
The spherical was once led through Tokio Marine, with participation from different shareholders.
The corporate intends to make use of the finances to boost up its international enlargement.
Led through CEO Rob Schimek, bolltech is a B2B2C insurtech that leverages its insurance coverage alternate to glue insurers with vendors and their consumers. With licenses to function in additional than 30 markets right through Asia and Europe and all 50 U.S. states, the platform supplies companies outside and inside the business to provide merchandise to fulfill their consumers’ evolving insurance coverage and coverage wishes within the virtual age.
Globally, the insurance coverage alternate connects over 800 distribution companions with greater than 200 insurance coverage suppliers and provides in way over 6,000 product diversifications.
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