# Ouch Free Sdn Bhd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ouch-free-sdn-bhd

- Industry: Insurance
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.ouch.my/
- Total disclosed funding: $3.2M
- Latest round: Series A (Aug 8, 2024)
- Investors on record: 5

## About

Based in Malaysia, Ouch Free Sdn Bhd specializes in providing a diverse array of Takaful and insurance products that adhere to Sharia principles, catering to both individual and business clients in ethical financial solutions.Ouch Free Sdn Bhd, established in 2019, operates from its headquarters in Kuala Lumpur, Malaysia. The company is focused on offering Takaful and insurance services, primarily in the Middle East and Southeast Asia. The firm has executed a total of 5 deals, with the most recent deal occurring on August 8, 2024, when it raised USD 1.117 mn in a Series A funding round led by OSK Ventures International Berhad, RHL Ventures, and Vynn Capital. The total amount raised by the company is USD 1.117 mn, reflecting its current valuation of USD 16.974 mn. Shazy Noorazman serves as the CEO of the company.Ouch Free Sdn Bhd offers a range of Takaful and insurance products designed to meet the needs of its clients. Its core offerings include family protection plans, health insurance, and general insurance solutions that comply with Sharia principles. The company caters to a broad customer base, including individuals, families, and businesses, focusing on delivering customized insurance packages that address various financial needs and lifestyles, primarily in markets where Takaful is increasingly recognized.In the most recent financial year, 2022, Ouch Free Sdn Bhd reported a revenue of USD 21,844.80. However, the company recorded an EBITDA of USD -289,355.20 during the same year, indicating operational challenges in managing expenses relative to its revenue.Ouch Free Sdn Bhd plans to utilize the USD 1.18 mn raised during its Series A funding in August 2024 to enhance product innovation, improve technology infrastructure, and expand its market reach. The company is designing new insurance products aimed at tapping into emerging markets in Southeast Asia and the Middle East by the end of 2025. These strategic initiatives will support Ouch Free Sdn Bhd's growth ambitions and enhance its position in the Takaful and insurance sector.

## Funding rounds

- Series A, Aug 8, 2024, $1.1M — OSK Ventures International Berhad, RHL Ventures, Vynn Capital
- Seed, Jul 15, 2024, $1.3M — OSK Ventures International Berhad, RHL Ventures
- Seed, Jul 23, 2021, $0.7M — Vynn Capital, Temokin Holdings Sdn Bhd, AKRU NOW SDN. BHD.

## Investors

- Vynn Capital (https://capitalatlas.ai/funds/vynn-capital) — Seed, Series A
- Temokin Holdings Sdn Bhd — Seed
- AKRU NOW SDN. BHD. — Seed
- OSK Ventures International Berhad (https://capitalatlas.ai/funds/osk-ventures-international-berhad) — Seed, Series A
- RHL Ventures (https://capitalatlas.ai/funds/rhl-ventures) — Seed, Series A