Roojai Founder Nicolas Faquet
Thai insurtech company Roojai has secured US$42 million in new financing round, as per multiple news reports.
HDI International, a subsidiary of Germany’s Talanx Group, led the round that also saw participation from existing investor IFC.
About US$32 million will be invested via direct injection and the remaining amount through a secondary share transaction.
The firm previously raised US$20 million in seed round from Primary Group, besides a US$7 million Series A round from IFC.
Established in 2016, Roojai is an online insurance platform. It provides critical illness insurance, cardiovascular insurance, and personal accident insurance, among others.
The company expanded its business into Indonesia in 2022.
Roojai claims it has 150,000 customers and grown its premium income by 25 per cent to US$38 million.
Earlier today, Indonesian insurtech company Qoala announced the closing of its US$7.5 million Series B extension funding round, led by responsAbility Investments AG, with participation from Appworks, Eurazeo, and Indogen.
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