Qoala Announces $47 Million in Series C Funding to Revolutionize Insurance Industry

We are thrilled to announce that Qoala has successfully raised an impressive $47 million in a recent funding round, which marks a significant milestone in our journey to revolutionize the insurance landscape in Southeast Asia. Founded in 2018, Qoala is an omnichannel insuretech company dedicated to democratizing access to insurance, empowering customers, and redefining the insurance experience for all stakeholders involved. This round was backed by several prominent investors who share our vision for making insurance more accessible and affordable for everyone in the region. With this new capital, we aim to expand our cutting-edge offerings: the Qoala App, our digital insurance marketplace; Qoala Plus, a solution enabling agents to sell diverse insurance products; and Qoala for Enterprise, a corporate solution helping partners cut costs while boosting revenue. Currently operating in Indonesia, Malaysia, Vietnam, and Thailand, we are committed to providing unmatched value to our users, insurance partners, and regulatory bodies alike. This funding will enhance our platform, enabling us to further engage with our community and cater to the diverse needs of our customer base. As we continue on this growth trajectory, we remain focused on building a talented and inclusive workforce that is as ambitious as our mission. Join us as we innovate and elevate the insurance industry towards a more equitable future for all.