InsureComFree CEO Mohd Faizol with KTCC Managing Partner Kenny Thing
InsureComFree raised an undisclosed quantity of Investment from SG based KT Cap Consulting to speed up development in SEA.
KUALA LUMPUR, MALAYSIA, November 13, 2022 /EINPresswire.com/ — KT Cap Consulting Pte Ltd or KTCC, a Singapore-based administration consultancy agency has signed an settlement to put money into InsureComFree, a Malaysia-based Insurtech agency that focuses on creating worth for cash insurance and takaful merchandise (no fee) and selling better monetary literacy for the underserved segments. The funding spherical values InsureComFree within the vary of RM 10million to RM 15million.
Founded in June 2022, InsureComFree’s product platform in collaboration with SG based SingViva (one other Insurtech) has rolled out a sequence of modern insurance designed for digital buyer base corresponding to Critical sickness, Professional Indemnity and Personal Cyber Insurance (full help) Its Personal Cyber Insurance has additionally attracted pursuits from main ecommerce/healthcare platform in SEA given its low-cost construction and provision of full providers concentrating on digital clients from training, banking and healthcare sectors.
“We are thrilled to partner with KT Cap Consulting as it brings a tremendous amount of expertise in product development and structured insurance solutions, which supports InsureComFree’s vision of building a scalable ecosystem for its product suite,” InsureComFree CEO and founder Mohd Faizol mentioned.
InsureComeFree will use the contemporary funding for crew development, product line growth and new expertise. And the funding phrases of which is able to stay confidential will allow InsureComFree to double in measurement over the following two years by increasing into new markets and providers and rising the crew.
“Our goal is to bring the most competitive products into the market while examining the risk factors facing our population. Technology has brought new opportunities, but it comes with certain risk factors that we must manage with care, and this is where we, at InsureComFree, come into the picture with our focus on customers who do not want to incur additional distribution expenses when protecting their digital footprint. Cost should not be a reason to compromise one’s safety and this partnership with KT Cap Consulting would provide more scale,” mentioned Mohd Faizol.
Headquartered in Singapore and with places of work in Malaysia, KT Cap Consulting is a administration consultancy agency specializing in potential startups within the Insurance, Healthcare and Motor house. KT Cap Consulting an early stage administration consultancy agency headed by ex insurance entrepreneur investor, makes true on its mission to drive monetary inclusion and investing into quick rising firms that complement its current portfolio firms. The capital injection will allow InsureComFree to proceed to scale and roll out its services in Malaysia and lengthen its regional attain through KT Cap Consulting’s ecosystem. Kenny Thing, Managing Partner of KT Cap Consulting expressed confidence in InsureComFree’s skill to “flip the existing model” of Insurtech in SEA.
“We are delighted to work with the InsureComFree team and we believe it will provide additional value for our clients especially in the area of structuring insurance solutions for our corporate clients” KT Cap Consulting Senior Partner in Malaysia & CEO Interstellar Sdn Bhd Marsha Salam mentioned.
About InsureComFree (ICF)
InsureComFree, an InsurTech platform that goals to democratise Insurance and Takaful merchandise by making it inexpensive and accessible for everybody. A revolutionary business mannequin the place we give attention to the core of Insurance & Takaful and that’s higher understanding the danger profile of our digital platforms and co-create insurance merchandise that’s inexpensive and rebate full fee again to customers. InsureComFree is headquartered in Kuala Lumpur.
You can discover extra data at www.insurecomfree.com.my
About KT Cap Consulting (KTCC)
KT Cap Consulting Pte Ltd (UEN: 202223838D) is a boutique administration consultancy providers firm integrated in Singapore since July 2022. Focusing on Insurance & Healthcare sector, it work with native entrepreneurs based in Singapore, Malaysia and Thailand leveraging on its excusive ecosystem to attain business success. As a agency, KT Cap Consulting additionally make investments into native startups in Singapore, Malaysia and Thailand with its proprietary monies.
You can discover extra data at www.ktcapitalco.com
Mohd Faizol
InsureComFree
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