HK’s AMTD buys controlling stake in insuretech startup PolicyPal

Hong Kong-based financial services firm and investment bank AMTD Group, via its digital arm AMTD Digital, is acquiring a controlling stake in Singapore insurance startup PolicyPal. After the deal, AMTD will own 51%, with founder Val Yap remaining as CEO

Backed by 500 startups and PayPal amongst others, Policypal was one of the first fledgling inseuretechs from Singapore’s drive to become a fintech hub. It uses artificial intelligence to help users manage insurance policies from multiple providers.

Policypal will join the AMTD suite of brands and promote online insurance and risk management expertise.

Neil Martin

Neil Martin is the editor of Next Money. He is a financial journalist who writes on fintech, financial services and automation. He also wanted to be a backing singer for a R&B band, but he can't sing, so took up road cycling instead. Please feel free to follow him on Twitter, LinkedIn, or Medium. And email him if you have a story, or thoughts on fintech in general: neil@nextmoney.org.