PolicyStreet is a leading insurance technology group based in Malaysia, offering innovative digital insurance solutions to businesses and consumers in Southeast Asia and Australia. The company collaborates with over 40 global life, general, and takaful providers to provide a wide array of insurance products and services, including embedded insurance, customized employee benefits, financial advisory, and aggregation of insurance. As a licensed Reinsurer, General Insurer, and Takaful Operator, PolicyStreet can underwrite, customize policies, and offer unbiased advice to clients and partners globally.
Backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, PolicyStreet serves a customer base of over 5 million with a sum insured exceeding US$ 10 billion. The company received acclaim, winning the title of "Fintech of the Year" at The Asset's Triple A Digital Awards in 2024 and securing the second-highest ranking among Malaysian companies in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.
In 2023, PolicyStreet received a MYR67.00M Series B investment led by Spiral Ventures, Gobi Partners, Khazanah Nasional Berhad, and Altara Ventures, further empowering the company's expansion and technological advancement. With its goal to make insurance purposeful and simple, PolicyStreet demonstrates strong potential for growth and disruption in the fintech and insurtech sectors. As a result, the company stands as an attractive investment opportunity for venture capitalists.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series B | MYR67.00M | 4 | 23 May 2023 | |
Series A | MYR25.00M | 3 | 28 Sep 2021 | |
Series A | $1.80M | 2 | 01 Jun 2020 | |
Equity Crowdfunding | MYR5.30M | 1 | Malaysian Co-investment Fund (MyCIF) | 01 Apr 2020 |
Seed Round | $500.00K | 1 | 06 Sep 2017 |
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