Asia | September 3, 2020

LeapFrog backs $54 million round for affordable insurer PasarPolis

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

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 arm GoVentures, along with SBI Investment, Alpha JWX, Intudo Ventures, Chinese electronics company Xiaomi.