With RM67 Million Raised, What’s Next for Khazanah-backed PolicyStreet?

Yen Ming Lee, CEO & Co-Founder, PolicyStreet

13-Jun-23 12:00

With RM67 Million Raised, What’s Next for Khazanah-backed PolicyStreet?

Pause
Embed

Last week, Malaysian-based full-stack insurtech startup PolicyStreet announced a US$15.3 million (RM67 million) Series B fundraising round, led by Khazanah Nasional. DigitalNews Asia notes that other investors in the round include lead investors from the Series A round Altara Ventures, as well as Gobi Partners and Spiral Ventures.

PolicyStreet intends to use the funds to strengthen its technology and underwriting capabilities to drive further growth of the business, which includes regional expansion, starting with Australia.

On the back of this sizable funding round, today on BizBytes we speak with PolicyStreet’s CEO and Co-Founder Yen Ming Lee about how this RM67 million funding round will be utilised, the benefits of having a partner like Khanazah, and what’s next for the digital insurance space in Malaysia.

Produced by: Roshan Kanesan

Presented by: Roshan Kanesan, Richard Bradbury

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: entrepreneurs, SME, technology, health policy, investments

Tags: insurtech, insurance, startup, khazanah, Dana Impak,

Today’s Shows

11:00 AM

Best of Enterprise

(REPEAT) In this episode of Open For Business, we explore the evolution of Goodday KidSTART 3.0, Malaysia’s largest "kidpreneur" platform, which recently culminated in a national TV series finale.

12:00 PM

Just For Kicks

(REPEAT) We review the final matches of the Champions League and the Europa League, and look ahead to Matchweek 24 of the EPL!

1:00 PM

A Bit of Culture

(REPEAT) Kam, Matt and Sudais get together to talk about AI, fan fiction and unusual travel destinations.

2:00 PM

Ringgit & Sense

(REPEAT) Linnet Lee, licensed financial planner at Resolute Planning Sdn Bhd talks about personal finance aspects of Valentine's Day and being in a relationship in general.

2:30 PM

The Property Show

(REPEAT) Jimmy Chiam of CCN Consulting and Kyle E of POW Ideas discuss what drives success and failure in retail.

3:00 PM

Best of The Bigger Picture

(REPEAT) Olympian and former national artistic gymnast Farah Ann talks about the ups and downs of her career, and how she coped with the immense pressure on her mental health.

4:00 PM

Best of Evening Edition

(REPEAT) We speak to Nirmala Supramaniam, Head of Household Financial Education Department at Agensi Kaunseling dan Pengurusan Kredit (AKPK) on how we can be better at money.

5:00 PM

BBC World Service

Professor Sir Peter Knight is a British pioneer in the realms of quantum optics and quantum information science, and he tells Jim Al-Khalili about the excitement and opportunities for a young scientist at the birth of a new scientific discipline.

PROGRAMMES