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

Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank 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

Imran Yusof, Head of Research, MBSB Research gives us an outlook for Malaysia's oil & gas sector in 2026.

7:45 AM

Morning Brief

Sabrina Firdaus Aloysius, Senior Executive of Research from IDEAS, shares insights into how influencers shape Malaysia’s political conversations.

8:00 AM

The Breakfast Grille

H.E. Gerhard Eisl, Austrian Ambassador to Malaysia, discusses how Austria’s culture, innovation, and opportunities are strengthening ties with Malaysia.

8:30 AM

Morning Brief

Dr. Joanne Orlando of Western Sydney University discusses the impact of Australia’s historic under-16 social media ban.

8:45 AM

Morning Brief

Datuk Dr Kuljit Singh, President of the Association Private Hospitals Malaysia, discusses the government’s ongoing review of the Private Healthcare Facilities and Services Act.

9:00 AM

Opening Bell

(REPEAT) Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank 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

Ringgit & Sense

Kimberly Law, co-founder and licensed financial planner at Uno Advisers discusses what to do and what not to do with your first salary.

10:05 AM

Open For Business

Weisheng Neo, General Partner, Qualgro

11:00 AM

Tech Talk

Bala Kumar, Chief Product & Technology Officer, Jumio

12:00 PM

Enterprise Explores

Prashant Kumar, Founder, Entermind

1:00 PM

The Breakfast Grille Repeat

H.E. Gerhard Eisl, Austrian Ambassador to Malaysia, discusses how Austria’s culture, innovation, and opportunities are strengthening ties with Malaysia.

2:05 PM

Discovery Hour

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

3:05 PM

Beyond the Ballot Box

Malaysia’s interethnic income inequality story is marked by decades of inconsistent policy focus and overly broad ethnic categories. We speak to Dr Lee Hwok-Aun about a better way to understand and frame the issue.

4:05 PM

Health & Living

For years, lung cancer has been a leading cause of cancer-related deaths. We hear about some lung health developments in Malaysia which may bring hope to patients.

5:00 PM

Top 5 at 5

6:00 PM

Talkback Thursday

Have you ever experienced burnout?

PROGRAMMES