Vietnamese insurtech firm Saladin has announced the completion of its Series A funding round led by Monk’s Hill Ventures.
Saladin’s pre-seed investors Peak XV Partners, Venturra Capital, and Patamar Capital, besides a group of angels, also joined the round.
The size of the deal remains undisclosed.
Saladin plans to use the capital to accelerate the development of technology and insurance products and expand its marketing, sales partnership networks, and customer support services.
Also Read: DELOS sparks ‘Blue Revolution’ in Indonesian aquaculture with Series A led by Monk’s Hill Ventures
Founded in 2021, Saladin is an online platform that utilises a multi-channel distribution system to provide a single destination for personalised insurance solutions.
Saladin claims it has integrated traditional insurance processes with modern technology and a user-friendly design. This includes using API integration, modular design principles, and the harnessing of big data intelligence to recommend tailored and cost-effective insurance solutions.
“We believe that an effective solution for insurance services should offer end users protection from prevalent risks through fair insurance terms and fees. By employing cutting-edge techniques like predictive modelling, along with innovative product design and robust data analytics, we can create and implement such solutions at scale,” said Vivien Le, Co-Founder and CEO of Saladin.
The company has connected with nine leading insurers in Vietnam to date and claims to have served about 600,000 unique customers with nearly 10 million policies sold.
—
Fundraising or preparing your startup for fundraising? Build your investor network, search from 400+ SEA investors on e27, and get connected or get insights regarding fundraising. Try e27 Pro for free today.
Image credit: Saladin
The post Monk’s Hill Ventures backs Vietnamese insurtech startup Saladin appeared first on e27.