Malaysian Insurtech Ouch! Raises RM 1.5 Million in Seed Funding

Ouch!, a Malaysian-based digital insurance platform, announced that it had raised RM 1.5 million in a seed funding round from Vynn Capital and Temokin, along with a few angel investors.

With the funding, the Ouch! team will be focusing on further product and business development to prepare a stronger foundation for growth.

Ouch! added that it will be improving its platform and service for users and will be rolling out more features and upgrades to the platform across the year.

Ouch! has a simple and intuitive interface where customers can choose from 5 insurance categories; medical, life, travel, motor, and home with curated insurance options from Allianz, AXA, and Etiqa to select from.

The insurtech claims that customers can get a quote for their insurance plans within 5 minutes at any time of the day. Ouch! has plans for an app revamp and update scheduled for early April this year. Additionally, Ouch! is also looking to raise a pre-Series A funding later in 2021.

Source: Fintech news

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