Thai insurtech startup Sunday closes $10m Series A led by Vertex Ventures
Bangkok-based insurance technology (insurtech) startup Sunday has secured $10 million in a Series A funding round led by Vertex Ventures SEA and India, according to a company statement.
An insurance group, whose identity remains undisclosed, owns a stake in Sunday. The strategic partner has also extended its general insurance licence to the startup.
With 120 employees, Sunday is a fully-integrated sales and services insurtech startup that uses artificial intelligence and digital platforms to offer personalised insurance products and services that covers all types of individual and business risks.
In an email interaction, Cindy Kua, co-founder and CEO, Sunday, said the startup plans to use the funding to continue building its team, especially the technology and data functions, and also to continue spending on R&D.
The firm will also deploy part of the proceeds on marketing and expansion of its operations to other countries in Southeast Asia.