Thailand's Sunday Raises USD 9 Million Led by SCB 10X, Venture Capital Arm of Siam Commercial Bank As the first Southeast Asia insurtech with an underwriting licence within their group, Sunday is able to own the full customer journey to offer more comprehensive and creative products, and after-sales services compared to its peers.
Saudi Fintech Hakbah Launches Savings Groups Platform after Receiving Regulatory Approval, Partners with Visa to Issue Prepaid Cards The users can pay their installments when they join a group by using their (Mada) debit card on the app and withdraw the money to their bank account whenever it’s their turn to receive the pool.
Chinese Insurtech Company Insnail Launches Their First Solution to Solve the Difficulties of Claim Settlement for Policyholders Insnail, a Chinese growing Insurtech company, announced the launch of their first solution to solve the difficulties of claim settlement promising all policyholders they can actually “choose insurance products more easily and get compensation claim more securely”.
Indian Paytm Payments Bank Approaches RBI for In-Principle Approval to Become Small Finance Bank Paytm Payments Bank had facilitated more than 485 Cr transactions worth INR 4.6 Lakh Cr. It said that the domestic money transfers had accounted for INR 29K Cr, a significant growth from the last fiscal year.