Singlife Philippines secures $10.7m for digital expansion

The capital injection will be used for platform enhancement, product innovation, and partnerships.

Source: MSN

Digital insurer, Singlife Philippines, has secured $10.65m (₱600m) in funding from its parent company, Singapore Life Holdings (Singlife).The group aims to become an integrated omni-channel financial services firm in the region, with a strong emphasis on customer-centricity.

Richard Vargo, Chairman of Singlife Philippines, expressed confidence in the Philippine market’s potential and Singlife Philippines’ focus on technological innovation. “This is in line with our larger group’s mission in pushing boundaries in the digital insurtech space.” said Vargo in a press release.

Sherie Ng, Executive Director of Singlife Philippines, highlighted that the funding milestone will enable the company to introduce cutting-edge digital insurance solutions, including embedded and bundled insurance, and enhance its platform with AI capabilities.

Read full article:

Get weekly insights

Join 2,000+ others who receive our weekly newsletter

Please enable JavaScript in your browser to complete this form.