About Qoala
Qoala is a company based in Jakarta (Indonesia) founded in 2017. Qoala has raised $134.5 million across 6 funding rounds from investors including Mirae Asset, Eurazeo and Peak XV Partners. Qoala has completed 2 acquisitions, including FairDee and KuPay. Qoala offers products and services including Asuransi Kesehatan, Asuransi Jiwa, Asuransi Mobil, Asuransi Motor, and Asuransi Santunan Tunai. Qoala operates in a competitive market with competitors including Generali Indonesia, 9LIVES, Jagadiri, SeaInsure and WowPremi, among others.
- Headquarter Jakarta, Indonesia
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Pt. Mitra Jasa Pratama
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$134.5 M (USD)
in 6 rounds
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Latest Funding Round
$47 M (USD), Series C
Mar 27, 2024
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Investors
Mirae Asset
& 24 more
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Employee Count
Not available
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Investments & Acquisitions
FairDee
& 1 more
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Products & Services of Qoala
Qoala offers a comprehensive portfolio of products and services, including Asuransi Kesehatan, Asuransi Jiwa, Asuransi Mobil, Asuransi Motor, and Asuransi Santunan Tunai.
Covers medical and hospital expenses for policyholders.
Provides financial protection against life events.
Offers coverage for car damages and risks.
Insures motorcycles against accidents.
Delivers cash benefits for health-related events.
People of Qoala
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Funding Insights of Qoala
Qoala has successfully raised a total of $134.5M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $47 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Qoala
Qoala has secured backing from 25 investors, including venture fund and institutional investors. Prominent investors backing the company include Mirae Asset, Eurazeo and Peak XV Partners.
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Venture capital fund investing in early-stage tech startups
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Corporate-backed venture capital fund
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Venture capital firm focused on early-stage startups backed by corporate office
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Locked | Locked | Locked |
Investor details for Qoala
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Qoala
Qoala has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FairDee and KuPay.
Investment portfolio details for Qoala
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Payment services for EVM networks are provided online.
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Locked | Locked | 2021 | Locked | |
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Provider of insurance quoting software
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Locked | Locked | 2017 | Locked |
Complete acquisition details for Qoala
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Financial Statements - Qoala
Detailed financials for Qoala
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- Profit trends
- Statement rows
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Qoala Comparisons
Peer comparison for Qoala
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Competitors of Qoala
Qoala 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 Generali Indonesia, 9LIVES, Jagadiri, SeaInsure and WowPremi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Offers life, health, critical illness, and pension insurance services in Indonesia.
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Platform offering insurance solutions
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Provides insurance coverage for health, accidents, vehicles, and life needs.
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Life and general insurance products
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Offers a platform for multiple insurance products.
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Detailed competitors of Qoala
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Latest news on Qoala
Complete news archive for Qoala
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Frequently Asked Questions about Qoala
Qoala was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Qoala is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Qoala is a funded company, having raised a total of $134.5M across 6 funding rounds to date.
Qoala was founded in 2017 in Jakarta, Indonesia, as a diversified internet-first insurance platform targeting individuals. Life and non-life insurance services are delivered through a mobile app, including quotes for travel, health, gadget, and P2P coverage. Claims processing and settlement are managed digitally to support users in the insurance sector across Indonesia.
Qoala's top competitors include 9LIVES, SeaInsure and Generali Indonesia.
Qoala offers Asuransi Kesehatan, Asuransi Jiwa, Asuransi Mobil, Asuransi Motor, and Asuransi Santunan Tunai.
Qoala has 25 investors. Key investors include Mirae Asset, Eurazeo, Peak XV Partners, Mirae Asset, and responsAbility.