, Singapore
Photo from Pixabay

SG-based insurtech clinches US$196m in Series B funding round

Bolttech plans to explore inorganic opportunities to expedite its international expansion.

Singapore’s Bolttech secured US$196m in funding through its Series B round. The series-B mega-round boosted the insurtech's value to US$1.6b.

Japanese insurance company, Tokio Marine, led the latest funding round. 

Other key investors were MetLife subsidiary, MetLife Next Gen Ventures and Malaysia's sovereign wealth fund Khazanah Nasional.

ALSO READ: bolttech partners with Thailand’s AIS for embedded protection services

The startup will use the funds it raised from the Series B round to support investments in proprietary technology, digital capabilities for business partners and end consumers, and hiring more talent across more than 30 markets. 

Bolttech also plans to explore inorganic opportunities to expedite its international expansion.

Follow the link for more news on

Join Insurance Asia community
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!


Capital pressures linger as insurers adopt new accounting rule in South Korea
IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.
Cover Genius redefines insurance with embedded protection technology
The insurtech eyes expansion in Asia, leveraging on the symbiotic relationship of digital and traditional insurance to tailor policies for diverse markets.