About PolicyPal
PolicyPal is a company based in Singapore (Singapore) founded in 2016 was acquired by AMTD Group in March 2020.. PolicyPal has completed 1 acquisition, including ValueChampion. PolicyPal operates in a competitive market with competitors including GoBear, Insurance Market, MoneyLine, Insurance Guru and InsureGuru, among others.
- Headquarter Singapore, Singapore
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Policypal Pte. Ltd.
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Annual Revenue
$89.16 K (USD)7as on Dec 31, 2018
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Net Profit
$-805.92 K (USD)-75as on Dec 31, 2018
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EBITDA
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Latest Funding Round
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Investors
AMTD Group
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
AMTD Group
(Mar 17, 2020)
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Funding Insights of PolicyPal
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Seed - PolicyPal | Valuation | AMTD |
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| Mar, 2017 | Amount | Seed - PolicyPal | Valuation | 500 Durians |
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| Jul, 2016 | Amount | Seed - PolicyPal | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PolicyPal
PolicyPal has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include AMTD Group, AMTD ASEAN-Solidarity Fund and 500 Global. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed-stage investments are targeted globally by this venture capital firm.
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Founded Year | Domain | Location | |
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Tech focused global accelerator firm
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Founded Year | Domain | Location | |
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Investment banking and VC fund
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PolicyPal
PolicyPal has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ValueChampion. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Financial analysis services are provided for consumer and business needs.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - PolicyPal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Policypal Comparisons
Competitors of PolicyPal
PolicyPal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GoBear, Insurance Market, MoneyLine, Insurance Guru and InsureGuru, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial products including credit cards and loans are compared online.
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| domain | founded_year | HQ Location |
Insurance policies are compared and purchased online by users.
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| domain | founded_year | HQ Location |
Personal finance products are compared on an online Singapore platform.
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| domain | founded_year | HQ Location |
Functions as an online platform for insurance quotations.
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| domain | founded_year | HQ Location |
An online platform for comparing insurance options for individuals.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Policypal
Frequently Asked Questions about PolicyPal
When was PolicyPal founded?
PolicyPal was founded in 2016.
Where is PolicyPal located?
PolicyPal is headquartered in Singapore, Singapore.
What is the annual revenue of PolicyPal?
Annual revenue of PolicyPal is $89.16K as on Dec 31, 2018.
What does PolicyPal do?
PolicyPal provides a mobile application to purchase and manage the different insurance to the users. The user can take the photo of the existing policy and upload it to the application. PolicyPal analyzes the current plan and provides recommendation through the chatbot about the optimal insurance plans. PolicyPal has partnered with Aviva and AXA for insurance distribution.
Who are the top competitors of PolicyPal?
PolicyPal's top competitors include GoBear, Insurance Market and MoneyLine.
How many acquisitions has PolicyPal made?
PolicyPal has made 1 acquisition, including ValueChampion.
Who are PolicyPal's investors?
PolicyPal has 4 investors. Key investors include AMTD Group, AMTD ASEAN-Solidarity Fund, 500 Global, and Startupbootcamp.
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