About Qoala
Qoala is a Financial Services company based in Jakarta (Indonesia) founded in 2017. Diversified internet first insurance platform for individuals. 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. Its website qoala.app draws about 127 thousand monthly visits. Qoala offers products and services including Asuransi Kesehatan, Asuransi Jiwa, Asuransi Mobil, Asuransi Motor, and Asuransi Santunan Tunai. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and Diversified. Its legal entity is PT. Mitra Jasa Pratama. Its competitors include Generali Indonesia, 9LIVES and Jagadiri.
Company details
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.
- Headquarters Jakarta, Indonesia
- SectorsFinancial Services
- Website qoala.app/id
- Social LinkedIn X
- Legal Name Pt. Mitra Jasa Pratama
- Total Equity Funding$134.5M (USD)
in 6 rounds
- Latest Funding Round$47M (USD), Series C
Mar 2024
- InvestorsMirae Asset
& 24 more
- Investments & AcquisitionsFairDee
& 1 more
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.
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.
- Total Funding $134.5M
- Total Rounds 6
- Last Round Series C — $47M
- First Round $1.5M
(May 2019)
- Investors Count 25
All 6 funding rounds of Qoala with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $47M | Series C | – | PayPal Ventures, MassMutual Ventures | |
| Dec 2023 | Series B | – | – | ||
| Jan 2023 | $7.5M | Series B | – | responsAbility | |
| May 2022 | $65M | Series B | – | Eurazeo | |
| Apr 2020 | $13.5M | Series A | – | – | |
| May 2019 | $1.5M | Seed | – | Surge |
25 investors in total: 25 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage tech startups | paypal.vc | San Jose, United States | ||
Corporate-backed venture capital fund | massmutualventures.com | Boston, United States | ||
Venture capital firm focused on early-stage startups backed by corporate office | ip.mufg.jp | Tokyo, Japan | ||
Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs. | flourishventures.com | Redwood City, United States | ||
Private equity and debt investments are managed across multiple sectors. | 1969 | eurazeo.com | Paris, France | |
Startups are accelerated by a VC-backed program in Taiwan. | appworks.tw | Taipei, Taiwan | ||
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
IndoGen Capital is recognized as a venture capital firm in Indonesia. | indogencapital.com | Jakarta, Indonesia | ||
Private equity investment firm | 2003 | responsability.com | Zurich, Switzerland | |
Venture capital fund investing in early-stage tech startups | 1990 | kbic.co.kr | Seoul, South Korea |
Investor details for Qoala
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Qoala
60 people are tracked at Qoala (11 in leadership, 49 in team).
| Name | Role | Group |
|---|---|---|
Yujun Chean | Group COO | Leadership |
Tommy Martin | Deputy CEO | Leadership |
Harshet Lunani | Founder; Building Insuretech In SE Asia | Leadership |
Martin Hong | CTO | Leadership |
Prateek Jogani | Chief Technology Officer | Leadership |
Andre Leonardo | Head Of Insurance Placement (general & Health) At Qoala | Leadership |
Utkarsh Jain | Senior Vice President Of Partnerships | Leadership |
Tirto Utomo | Director Of Business Qoala Plus | Leadership |
Charles Yulivan | VP of Partnership | Leadership |
Bayu Indrayana ST, MM, MBA, APAI, CIIB | Head of General Insurance (Non-EB) | Leadership |
Rania Rahmadhanimara | People Partner 1 | Leadership |
Rilla Ariska | Insurance Operation Associate | Team |
Hanifa Nurmalita | Insurance Operations Associate | Team |
Annisa Aisya Rahmi | Business Manager | Team |
Maulia Adrianti Detrinari | Employee Benefit Operations - Customer Success | Team |
Poppy Fedora | Software Engineer | Team |
Putra Fajar Hasanuddin | Senior Software Engineer | Team |
Piyush Jhawar | SDE 2 | Team |
Ali Raditio Wibowo | Partnerships Manager | Team |
Gaya Nydia | Brand Activation & Partnership | Team |
40 more people are available in the full profile.
Complete people profiles for Qoala
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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Investments & Acquisitions by Qoala
Qoala has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include FairDee and KuPay.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Payment services for EVM networks are provided online. | kupay.finance | Netherlands | 2021 | Mar 2023 | •••• | |
Provider of insurance quoting software | fairdee.co.th | Bangkok, Thailand | 2017 | Mar 2021 | •••• |
Complete acquisition details for Qoala
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
- Exports
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Competitors of Qoala
Qoala has 3 listed competitors in our database. They include Generali Indonesia, 9LIVES and Jagadiri.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| generali.co.id | 2008 | Jakarta, Indonesia | Offers life, health, critical illness, and pension insurance services in Indonesia. | |||
| 9lives.co.id | 2016 | Jakarta, Indonesia | Platform offering insurance solutions | |||
| jagadiri.co.id | 2015 | Jakarta, Indonesia | Provides insurance coverage for health, accidents, vehicles, and life needs. |
Detailed competitors of Qoala
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- Full competitor set
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Web traffic of Qoala
The website of Qoala (qoala.app) receives about 127.1K visits a month.
- Monthly visits127.1K
▼ 3.7% vs previous month
Websites whose visitors overlap most with Qoala. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
easeus.co.id | easeus.co.id | 100% | #408,704 | – | |
| instagram.com | 85% | 7.1B | #4 | View details | |
| google.com | 75% | 85.8B | #1 | View details | |
| linkedin.com | 71% | 1.9B | #18 | View details | |
| facebook.com | 68% | 12.1B | #3 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Qoala
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- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about 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. The company's 1st funding round was a Seed of $1.5M, raised on May 2019.
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, Generali Indonesia and Jagadiri.
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.
Qoala operates through Pt. Mitra Jasa Pratama.
The website of Qoala receives about 127 thousand visits a month.