PolicyPal purchases US-based fintech firm

The Singapore insurtech firm plans to expand its financial products with the new acquisition.

Singapore-based insurtech firm PolicyPal has acquired the Asia-focused fintech firm Value Champion.

Based in the US, Value Champion provides resources and advice for people looking to obtain loans, credit cards, insurance, or general financial advice. As of December 31, 2020, it had over 200,000 consumers in four markets, Singapore, Hong Kong, Korea and India using its products.

With the acquisition, PolicyPal plans to expand into financial planning and lifestyle management for its Asian customers as well as offer them a wide range of financial products and investment ideas, by using Value Champion as its subsidiary in new markets.

In turn, Value Champion’s users across Asia will be able to access the combined resources and solutions of AMTD’s SpiderNet across the region, including PolicyPal (via its subsidiary, Baoxianbaobao, branded as PolicyPalFA) to kickstart their financial planning journey. Value Champion’s four online websites in Singapore, Hong Kong, Korea, and India will retain their individual names and operation as PolicyPal’s subsidiaries.

Also Read

Over 1.12 billion in China receive health e-certificates

Malaysia’s general Takaful payouts up 24.4% in responsiveness

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit