Here's Qoala! This Indonesian insurtech distributes retail insurance for you and me— and they're making it accessible and affordable. Now, they've just raised a $65M Series B led by Eurazeo!

• They're active in Indonesia, Malaysia, Vietnam and Thailand.
• They've grown 30x since their $13.5M Series A in 2020.
• It's only the beginning! Insurance penetration in Indonesia is currently only 2%, while the global average is 6%.

Who else cashed in? MassMutual Ventures, Sequoia Capital India, Flourish Ventures, KB Investment, MDI Ventures, SeedPlus, BRI Ventures, Daiwa PI Partners, Indogen Capital, Mandiri Capital Indonesia and Salt Ventures also joined in.

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⏰  Got insurance yet?

Qoala's got all types of insurance: smartphone, car, motorcycle, hospital, disease, life, health and travel.

• They work with 50+ insurers like AXA Mandiri, Zurich and Great Eastern to provide these.

Oh so easy. Just pick your insurance on Qoala, fill up the form, make the payment— and you're done!

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🚀  More than just an insurance marketplace

Meet Mitra Qoala Plus! They have over 50,000 marketers to help them reach more customers and sell different insurance products.

Partnering up! They also sell microinsurance products through partnerships with 60+ enterprises like Traveloka, Dana, JD.ID, Kredivo and Investree.

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📈  What's next?

They're looking to keep growing and developing their platform. Plus, they plan to bring in over 250 new employees and give them the right to acquire company shares.