Bolttech is an innovative insurtech company revolutionizing how insurance and protection products are accessed and managed. By leveraging cutting-edge technology, the platform provides a seamless experience for insurers and distributors to present their offerings while delivering personalized solutions that cater to customers’ specific needs. Bolttech’s operations encompass a diverse range of insurance products, including device protection, health coverage, life insurance, and property insurance, making it a comprehensive solution for modern insurance needs.
Bolttech has raised over $100 million in a Series C round, boosting its valuation to an impressive $2.1 billion. The Series C round was led led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, alongside investors Baillie Gifford and Generali, through its private equity arm Lion River.
Bolttech, Singapore, Central Region, Singapore, was founded in 2020 by Richard Li. In 2021, the company joined the unicorn club. Bolttech provides a digital platform that enables insurers, distributors, and customers to trade insurance and protection products in more than 35 markets across North America, Asia, Europe, and Africa. “The funding also demonstrates our relentless pursuit of innovation and excellence as we enable the insurance industry,” said Rob Schimek, Group Chief Executive Officer, Bolttech. “With this investment from Dragon Fund and our Series C investors, we will continue to revolutionize the future of insurance through our leading technology-enabled ecosystem.”
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