Indonesian insurtech startup, Fuse, raised $2 million from its series A round

Fuse closed $10 million funding in total through the first 3 quarters of 2019.


Syamil Faisal

16 Oct, 2019

Indonesian insurtech startup, Fuse, raised $2 million from its series A round | BEAMSTART News

- From our Sponsors -

EV growth participated in Fuse’s series A round, which will be used for its expansion in 8 major Indonesian cities including Jakarta and increase its customer base from 15,000 to 100,000 in 2020.

Fuse operates in Indonesia, partnering with 30 local and international insurance companies offering 200 insurance products including vehicles, property, travel, digital insurance products, and more.

Fuse operates with 3 business models:

  • B2C insurance comparison site
  • Offer micro-insurance for e-commerce platforms
  •  Enable agent partners to offer multiple insurance products to customers with its Fuse Pro app.

According to PricewaterhouseCoopers survey, Indonesia’s rising insurance market is driven by:

  • economic growth
  • rising household incomes
  • increasing market penetration

Ivan Sunandar, Fuse’s chief operations officer and co-founder said:

“In the past two and a half years, we have already launched more than 80 app versions, 200 back-end versions in order to customize the need for our partners for different insurance products or companies.”

- From our Sponsors -

Latest Jobs

Mechanical Engineer - Robotics

Nextera Robotics

Massachusetts,

Full Time

USD 90000 — USD 110000 yearly

Staff Backend Engineer - Platform

Gather

Full Time

USD 187850 — USD 237575 yearly

Founding Designer

Kular

England,

Full Time

USD 80000 — USD 120000 yearly

Lead Product Designer

Alinea

New York,

Full Time

USD 150000 — USD 250000 yearly

Software Engineer

Greenboard

New York,

Full Time

USD 100000 — USD 150000 yearly

Product Engineer

Sieve

New York,

Full Time

Salary Undisclosed

Senior Python Backend Engineer

Activeloop

California,

Full Time

USD 120000 — USD 200000 yearly

Support Software Engineer

Hona

Utah,

Full Time

USD 70000 — USD 90000 yearly

Sales and Strategy Intern

Givefront

California,

Internship

USD 3000 — USD 8000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).