Roojai Secures $42 Million in Series B Funding to Revolutionize Digital Insurance

In a significant milestone for its ambitious growth plans, Roojai, a pioneering digital insurance provider launched in 2016, has successfully raised an impressive $42 million in funding. Based in Thailand, Roojai's mission has always centered around making insurance simple, affordable, and reliable for its customers. The company operates a multi-faceted group that includes Roojai Insurance (Thailand), a comprehensive digital general insurance solution; MrKumka, an online comparison broker for car insurance; Lifepal, an Indonesian online comparison platform focused on general insurance products; and Roojai Indonesia, a Managing General Agent (MGA) specializing in general insurance offerings. With this new capital injection, Roojai is poised to enhance its technological infrastructure and expand its innovative product range. This funding will not only facilitate further investments in customer-centric technology but also bolster Roojai’s capabilities to better serve its clientele throughout Thailand and Indonesia. The company is particularly excited about enhancing its data analytics and artificial intelligence capabilities to improve underwriting processes and tailor products to fit customer needs. Roojai’s CEO expressed enthusiasm about their strategic vision, stating, “This funding empowers us to reshape the insurance landscape in Southeast Asia, delivering even more value to our customers while maintaining our commitment to transparency and accessibility.” As Roojai continues to expand its footprint in the region, this latest funding round serves as a testament to investor confidence in the company’s potential to innovate the insurance experience for millions.