# PolicyPal Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/policypal-pte

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.policypal.com
- Total disclosed funding: $4.6M
- Latest round: Series A (Jul 27, 2020)
- Investors on record: 5

## About

PolicyPal Pte. Ltd. is a financial technology company based in Singapore that focuses on providing digital solutions for insurance management and financial wellness, empowering users to optimize their financial planning.PolicyPal Pte. Ltd., founded in 2016 and headquartered in Singapore, offers digital insurance management services. The company raised USD 4.59 million in Series A funding on July 27, 2020, from investors including AMTD Digital, ECG Corp., and Fenbushi Capital. The founder's history and previous ventures, if any, are not specified. PolicyPal has engaged in two deals to date, securing a current valuation of USD 22.28 mn.PolicyPal offers a variety of financial technology solutions that empower users to manage their financial wellness effectively. Their primary offerings include personalized portfolio comparisons and digital tools for insurance management, catering to individual consumers looking to enhance their insurance coverage and investment options. With a focus on Southeast Asia, PolicyPal delivers services that enable users to access their financial information remotely, increasing convenience and engagement with the platform.In 2023, PolicyPal reported revenue of USD 140,083, alongside an EBITDA of USD -980,055. Their revenue model is anchored in partnerships and direct-to-consumer transactions, generating income through subscription services and collaborations with insurance providers and financial institutions, fostering sustainable client relationships.PolicyPal is focused on developing new financial products aimed at providing enhanced user experience and functionality. The company intends to explore expansion into new markets across Southeast Asia by leveraging the recent Series A funding of USD 4.59 million raised on July 27, 2020. This funding enables the rollout of new initiatives and enhancements in their digital platform to better serve an expanding customer base.

## Funding rounds

- Series A, Jul 27, 2020, $4.6M — 500 Global, Fenbushi Capital, Great Noble International, AMTD Digital, ECG Corp.
- Seed, Mar 2, 2017 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- Great Noble International — Series A
- AMTD Digital — Series A
- ECG Corp. — Series A