bolttech, a Singapore-based insurtech company, raised an undisclosed amount in Series B funding.
The investment values bolttech at approximately US$1.5 billion.
The round was led by Tokio Marine, with participation from other shareholders.
The company intends to use the funds to accelerate its global growth.
Led by CEO Rob Schimek, bolltech is a B2B2C insurtech that leverages its insurance exchange to connect insurers with distributors and their customers. With licenses to operate in more than 30 markets throughout Asia and Europe and all 50 U.S. states, the platform provides businesses inside and outside the industry to offer products to meet their customers’ evolving insurance and protection needs in the digital age.
Globally, the insurance exchange connects over 800 distribution partners with more than 200 insurance providers and offers in excess of 6,000 product variations.
FinSMEs
17/10/2022