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

6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Laurent Lequeu, Independent Market Analyst & Writer, The Macro Butler Newsletter tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Sophia Angala, Economist, ANZ Research gives us an outlook for Australia's economy in 2026.

7:45 AM

Morning Brief

Wan Amirah Wan Usamah, Research Associate, Khazanah Research Institute discusses the reality of the labour market for graduates.

8:00 AM

The Breakfast Grille

Ir. Raymond Gan, CEO of Kelington Group Berhad, shares the company's prospects today and moving forward.

8:30 AM

Morning Brief

Calvin Cheng, Director of the Economics, Trade, and Regional Integration Division, Institute of Strategic and International Studies, walks us through potential changes to the income classification system.

8:45 AM

Morning Brief

Shantanu Gangakhedkar, Senior Aviation Consultant at Frost & Sullivan, explains how issues with Airbus's A320 model have impacted passenger safety and the company's reputation.

9:00 AM

Opening Bell

(REPEAT) Laurent Lequeu, Independent Market Analyst & Writer, The Macro Butler Newsletter tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

What's The Focus

We wrap up the week’s biggest conversations to keep you in the know.

10:05 AM

Open For Business

Kaveh Wong, Co-Founder, Xsolla Curine Academy

11:00 AM

Mattsplained

Matt Armitage, Founder, Kulturpop

12:00 PM

Enterprise Explores

Sundip Chahal, CEO, Milieu Insight

1:00 PM

The Breakfast Grille Repeat

Our flagship show, we feature both game-changers and groundbreakers in the hot seat.

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Front Row

A Malaysia–Australia collaboration featuring orchestras, choirs, dancers, and new works, Exchange for Peace showcases creativity and hope. Conductor Kevin Field and soprano-producer Nicole Thomson share the project’s journey.

3:25 PM

Front Row

The Jalinan x Little River Festival unites arts, environment, and youth, linking river health to community life. Organisers Nazura Rahime and Kennedy Michael preview this vibrant Taman Melawati celebration.

4:05 PM

Health & Living

This World AIDS Day, we look back at how Malaysia is doing in getting HIV care to those who need it most and how we can close the gaps that remain.

5:00 PM

Top 5 at 5

6:00 PM

Popcorn Culture

We review Zootopia 2 and then ask: What (or who) are your favourite on-screen animal characters?

7:00 PM

Just For Kicks

Kam and his pundits review the week that was in EPL and look ahead to Matchweek 15 in this busy festive period.

8:00 PM

Bar None

We look ahead to the upcoming SEA Games and Malaysia's chances in the tournament.

9:00 PM

The Selector

Covering all styles of music from indie, dubstep, folk, soul, electro and everything in between from some of the most exciting artists in the UK.

PROGRAMMES