Qoala Raises US$ 65M in Series B Funding

Qoala, a Jakarta, Indonesia-based insurtech startup, raised US$65M in Series B funding.

Eurazeo was the leader of the round.

The funds will be used by the company to expand its operations and accelerate business growth.

Qoala is headed by Harshet Lunani, CEO, and Tommy Martin. It’s a technology startup that seeks to socialize insurance by combining product development with machine learning-based claim processing. The company is present in Indonesia, Malaysia and Thailand and offers insurance protections that include personal accident, health, and property.

Qoala is a platform for over 50 insurance brokers that allows them sell insurance from multiple companies while also managing post-sale and pre-sale services. Through its partnerships with Traveloka and Redbus, DANA.ID, JD.ID Shopee, Kredivo, and Investree, it also offers innovative micro-insurance products.

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