Malaysia's PolicyStreet raises $1.8 million, despite pandemic setbacks.

It is also Malaysia's largest equity crowdfunding round to date.

Alfred Lee

1 Jun, 2020

Malaysia's PolicyStreet raises $1.8 million, despite pandemic setbacks. | BEAMSTART News

Malaysia-based insurance technology company, PolicyStreet, has raised $1.8 million (MYR 7.8 million) in a series A funding round led by KK Fund.

PolicyStreet's recent funding marks the largest funding round raised via equity crowdfunding (ECF) in Malaysia, particularly during the height of the pandemic.

PolicyStreet's campaign on PitchIn ECF platform.

The funding round was raised via ECF platform, PitchIN — participated by both international and local investors, as well as a government co-investment fund.

PolicyStreet reportedly closed the fundraising campaign earlier than scheduled, after achieving more than 500% of the minimum funding requirements.

PolicyStreet official website.

Founded in 2017 by Yen Ming Lee, Wilson Beh, and Winnie Chua, PolicyStreet is an online platform that makes buying insurance simple, easy, and affordable with un-bias choices and transparency. 

The company is also the only local InsurTech company that has obtained the Financial Adviser and Islamic Financial Adviser approval from the Central Bank of Malaysia.

PolicyStreet founders: Yen Ming Lee, Wilson Beh, Winnie Chua, and Jason Lee.

Moving forward, PolicyStreet aims to use the freshly raised funds to sharpen their technological capabilities, increase sales and marketing activities, and expand into new markets across the SouthEast Asian Region.

"We are grateful and thankful to have the support of KK Fund, Spiral Ventures and 274 angel investors who believed in our business and saw our potential. We have undeniably attracted very notable and sophisticated investors from Board Members of listed companies, Executive Directors, C-suites, Vice Presidents and many others whom we will be looking up to for guidance and advice leveraging on their respective experiences", mentioned Lee Yen Ming, co-founder and CEO of PolicyStreet.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Legal Counsel, Asia

Gallons & Grapes Pte Ltd

Buona Vista, Singapore

Full Time

SGD 9000 — SGD 10500 monthly

English-Korean Freelance Transcriber in Singapore

Elite Asia


Contract / Freelance

Salary Undisclosed

Account Manager (Hybrid)


New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly



SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Work Experience Not Specified

Education Not Specified

Also Mentioned


A venture capital fund investing in seed stage Internet and mobile startups


pitchIN is the Home of Crowdfunding in Malaysia.

More Related Stories

Community Discussions

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 - 2022 BEAMSTART. All Rights Reserved (Legal).