Malaysia's PolicyStreet raises $6 million to be the go-to place to buy insurance online

PolicyStreet previously raised $1.8 million via equity crowdfunding last year

Alfred Lee

29 Sep, 2021

Malaysia's PolicyStreet raises $6 million to be the go-to place to buy insurance online | BEAMSTART News

- From our Sponsors -

PolicyStreet, a Malaysia-based platform for buying and comparing insurance products, has recently raised a new round of funding for expansion.

Earlier today, the company announced that it has successfully closed a Series A round of US$6 million.

Investment Information

  • PolicyStreet's Series A round was led by Gobi Partners, with the participation of Altara Ventures and Auspac.
  • In June last year, the company raised $1.8 million via equity crowdfunding led by KK Fund.
  • Funds raised will go towards the firm’s regional market expansion, technological development, and product improvement.

Other Key Highlights

  • Launched in 2017, PolicyStreet lets users easily compare and purchase insurance products online. 
  • The company has recently forged new partnerships with AirAsia Money, FoodPanda, and Carro's MyTukar.
  • PolicyStreet has also received a general insurance and reinsurance license from the Malaysian Labuan Financial Services Authority, allowing the company to create and underwrite insurance products.

- From our Sponsors -

Latest Jobs

[URGENTLY NEEDED] Portuguese to English Proofreader

Elite Asia


Contract / Freelance

Salary Undisclosed

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

HR Manager

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3200 — MYR 3800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

Financial Officer

PIVOT Fintech Pte Ltd

60, #11-25 Paya Lebar Rd, Paya, Singapore

Full Time

USD 5000 — USD 8000 monthly

Remote Sales Staff

Gann Markets

Remote Sales Staff , China (中国)

Full Time

USD 280 — USD 1000 monthly

Full Stack Software Engieer

HealthBeats Pte Ltd


Full Time

SGD 4500 — SGD 6000 monthly

IT Engineer


Tokyo , Japan (日本)

Full Time

Salary Undisclosed

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

Gobi Partners

Gobi Partners is an early stage venture capital firm focusing on IT and digital media investments in China.

Related Topics


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).