Thai Insurtech Startup Raises US$ 10 M Funding, Eyes Expansion into Singaporeby Fintechnews Singapore February 25, 2019
After successfully raising a US$ 10 Million series A led by Vertex Ventures, Thailand-based insurtech startup Sunday is eyeing expansion into Singapore, Malaysia and Indonesia. This new funding round puts Sunday among the top-funded fintech startups in Thailand
Sunday is a digital insurer who claims to differentiate itself based on “risk-prediction model driven by AI and machine learning” the startup also claims to use more variables than any insurer in South East Asia.
“At Sunday, we believe the only way to solve this is to own and simplify the entire value chain using data and technology. We want to create a platform where people are able to find any insurance for themselves and their businesses at anytime and anywhere. There is more than one way to reach customers now and in the future which is why we have built capabilities to also integrate our solutions into various businesses and ecosystems,”
said Cindy Kua, co-founder and CEO.
Sunday has since launched over a hundred variations of products and platforms to cover niche risks such as extended warranty and flight delay to more complex coverage such as auto and health insurance.