In Yet Another Funding Round This Month, Singapore Life Raises US$ 13 Million

In Yet Another Funding Round This Month, Singapore Life Raises US$ 13 Million

by January 15, 2019
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Insurtech firm Singapore Life has received a US$ 13 Million investment from Aberdeen Standard Investment. This makes it the second round of capital injection Singapore Life has received this month alone.

Singapore Life has previously received a total sum of $US 26 Million from NYSE listed AFLAC, an American based insurance company.

Upon completion of this round Singapore Life will have a total of US$ 83 Million raised, according to data from Crunchbase.

Commenting on the investment, Aberdeen Standard Investments Co-CEO, Martin Gilbert noted that the industry is undergoing digital transformation, he added that technological innovation will be a key differentiator.

 

Featured image credit: Unsplash

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