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BIMA raises $30 million to offer low-cost microinsurance

ImpactAlpha, September 9 – Stockholm-based BIMA provides mobile health, life and accident microinsurance to first-time customers. It has issued more than 35 million policies in Asia and Africa. COVID has spurred a surge in demand for its telehealth consultations and health policies. China-based fintech investor CreditEase Fintech Investment Fund led the funding round. Existing investors

LeapFrog backs $54 million round for affordable insurer PasarPolis

ImpactAlpha, September 3 – Indonesian insurance tech company PasarPolis partners with large insurance firms to develop health, vehicle and life insurance products for lower-income customers. The five-year-old company expanded into Vietnam and Thailand last year. LeapFrog invested in the company’s $54 million Series B round. The impact investor was joined by ride-hailing company Gojek’s venture

Remittance fintechs meet the COVID moment

ImpactAlpha, August 20 – U.N. Deputy Secretary-General Amina Mohammed summed up COVID-19 like this: “We are facing a human crisis unlike any we have experienced.” That crisis is exacerbated for many Africans because of the prevalence of other conditions: malnutrition, relatively high rates of tuberculosis and HIV, poor sanitation—all of which elevate the risk of

Fig Tech clinches $23 million to expand nonprofits’ lending capacity

The new round of debt and equity funding, led by alternative credit provider Upper90, positions the B Corp. and community development financial institution to expand financial services products and software to more nonprofit partners.