by Aakansha Shenoy -

MICROCAPITAL BRIEF: Insurtech PasarPolis of Indonesia Raises $5m in Equity from International Finance Corporation (IFC) for Microinsurance

Indonesia-based insurance technology (insurtech) firm PasarPolis recently raised USD 5 million in equity from the International Finance Corporation (IFC), a member of the World Bank Group. The firm plans to use the fresh funds “to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector” during and after the COVID-19 pandemic. The size of the stake

by Kate Finster -

MICROCAPITAL BRIEF: Insurtech PasarPolis Raises $54m in Equity for Microinsurance in Indonesia

Indonesian insurance technology (insurtech) firm PasarPolis recently closed its Series B round of investment, having raised a total of USD 54 million from nine investors. The firm plans to use the new funding to: