Sunday, a Bangokok, Thailand-based full-stack insurtech company, raised USD11m in extension round to its Series A financing.
The round was led by Quona Capital, with participation from existing investor Vertex.
The new funding will provide growth capital to enable the company to expand its business and build enhancements to its proprietary core technology, which utilizes machine learning to price premiums for health, motor, and travel insurance in real time.
Launched in 2017 and led by CEO Cindy Kua, Sunday offers end-to-end insurance products and services powered by its machine-learning risk prediction engines, and aims to serve all of its customers as the “one-stop insurance shop” for healthcare, mobile gadgets, motor vehicle and travel insurance.
Currently, available solutions include real-time health, motor and travel insurance premium pricing, employee health benefits platforms for corporate entities and their employees, mobile-first claims platforms for motor and health insurance, and a travel insurance pricing platform for travel agencies, among others.