Say hi to Qoala! This Indonesian insurtech just raised a $7.5M Series B extension — less than a year after their $65M Series B. They distribute retail insurance to make it affordable and accessible for everyone!

• They have a network of 8M customers, 60k agents and 75 insurers!
• They're active in Indonesia, Thailand and Malaysia.
• Customers have benefited from over $30M in claims.

Investor check. Europe's responsAbility Investments led the round. Eurazeo, Indogen and new investor AppWorks also joined in!

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✅ Don't be unsure, just get insured!

Founded in 2018, they've got all kinds of retail insurance from their partners. They've got home, health, vehicle, smartphone, disease, life insurance and more!

• They also offer microinsurance products through partners like Traveloka, Redbus, Dana, JD.ID, Kredivo and Shopee!

Doesn't get easier than this. Pick whichever insurance you need from Qoala's online platform, make the payment, and you're all set. Easily compare prices and get transparent fees too!

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💰 Did someone say profitability?

The new cash is to level up their product offerings and experience and push for expansion, focused on SEA's emerging markets.

They have positive contribution margins in Indonesia and Thailand. Oh, and they expect to be profitable in the next three years!

• Right here, right now. They're prioritizing unit economics over market expansion for now.

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