fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Investments

VinaCapital Ventures picks up stake in Vietnamese insurtech firm Global Care

AsiaTechDaily Writer by AsiaTechDaily Writer
14 September 2021
in Investments
0
VinaCapital Ventures
27
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

VinaCapital Group’s investment arm VinaCapital Ventures recently announced that it has invested in a Vietnamese InsurTech firm, Global Care that offers solutions for the administrative and sales processes of insurance agencies and business partners.

The terms of investment have not been disclosed. However, according to the Partner of VinaCapital Ventures, Hoang Duc Trung Global Care is the kind of startup that they want to invest in. According to him, Global Care has the potential to scale and has an experienced and committed founder and team. Mr. Trung added that in 2019, the non-life insurance segment in Vietnam was about $2.3 billion.

Meanwhile, the founder and chairperson of Global Care, Dinh Thi Ngoc Niem commented that Vietnam’s insurance industry is still in a nascent stage of development.

She added that as people in the country learn about the importance of having insurance to protect them, their family and business, Global Care aims to provide a platform that eliminates the inconveniences that may happen while buying insurance products.

About Global Care

Global Care was founded by Dinh Thi Ngoc and Hang Minh Loi in 2017. The innovative platform of Global Care allows insurance companies and agents to sell insurance policies through a cloud-based and on-premise app that allows end-to-end service management to track process claims and transaction history, among other functions.

The startup’s agencies and distributors include over 3000 online to offline stores that enables consumers to buy a wide range of insurance products. Besides that, Global Care also offers one of the top ride-sharing platform its insurance policies for its users and drivers.

The InsurTech firm is also making a substantial contribution to the digital transformation of the insurance industry. Global Care offers a complete technology solution to 200,000 agents and over 10 major insurance distribution channels.

About VinaCapital Ventures

Launched in 2018, VinaCapital Ventures since then has gone on to form a partnership with Mirae Asset-Naver Growth Fund and has invested in 11 companies including GoStream, Validus, AnVui, URBox, and Homebase. Besides that, VinaCapital Ventures has also invested in one of the country’s leading accelerators, Zone Startups.

According to the founding partner of VinaCapital Ventures, Don Lam, the country is witnessing major activity in the startup scene and hence they wanted to use their network, capital, and experience in helping the startups that have great potential to succeed.

VinaCapital Ventures is also one of the first investors in Vietnam’s PropTech pioneer, Rever as well as in other companies like Logivan and Wee Digital.

 

Tags: insuranceinsurtechInsurTech startupVietnam
Previous Post

Zomato takes its grocery business off the menu

Next Post

Smart logistics tracking startup McEasy gets $1.5m from East Ventures

Related Posts

edit post
TissenBioFarm
Investments

Korean food tech TissenBioFarm raises $1.6 million to bring culture meat with real texture & marbling

September 21, 2022
edit post
Interviews

How Sunghee Lee, founder and President of CONTEC, raised $11 million and is disrupting the nascent Korean Space Tech Sector with his startup?

October 11, 2021
edit post
Cable System PLDT
Featured

PH-based PLDT invests $80m in Apricot undersea cable system

August 16, 2021
edit post
OfBusiness
Financial Technology

The Indian Unicorn Club – Latest 2021 Entrants – OfBusiness – A New Age FinTech Startup In India Providing Smart Financing to SMEs

August 14, 2021
edit post
IDG Ventures Vietnam
Investments

The Top VC’s In Vietnam – IDG Ventures Vietnam -The First Technology-Focused Venture Capital Fund In Vietnam

July 1, 2021
edit post
Dragon Capital
Investments

The Top VC’s In Vietnam – Dragon Capital – Creating Opportunities In Vietnam And Beyond For Over 25 Years!

July 1, 2021
Next Post
edit post
McEasy

Smart logistics tracking startup McEasy gets $1.5m from East Ventures

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback