Indonesia-based Fuse, which helps consumers buy an array of insurance policies, has reportedly collected an additional $25m in a Series B+ funding round
The fresh investment was backed by East Ventures, GGV Capital, eWTP and Emtek, according to a report from Tech in Asia.
With the capital, Fuse hopes to expand into more countries across Southeast Asia.
This investment comes just six months after Fuse initially closed the Series B round on $25m.
Fuse is an online insurance platform that helps consumers purchase car, property, motorcycle, travel and marine protections. It is partnered with over 40 insurance firms, including Zurich, Generali, Allianz, intra Asia Insurance, MSIG, and more.
Fuse previously closed its Series A funding round back in 2019. While the size of the deal was not revealed, it was believed to be a couple of million dollars.
Copyright © 2021 FinTech Global