Stockholm based insuretch company Bima has raised $16.8m in Series D funding led by Axiata Digital. BIMA is an insurance technology firm that provides mobile-delivered microinsurance to underserved families in emerging market
Micro insurance player has 27 million customers across 16 countries Alongside product development, Axiata to prioritise geographic expansion AXIATA Digital, the digital services arm of Axiata Group Berhad (Axiata) has made its 29th startup deal, announcing last week a US$16.8 million investment into BIMA, a 2011 founded micro insurance player from Sweden which targets underserved families in emerging markets and which has raised US$75 million since its launch. Axiata Digital joins existing shareholders, Kinnevik, Milicom (Tigo), LeapFrog Investments and Digicel while its investment replaces existing shareholders commitment for the second instalment of a C-series fundraising completed in June 2015.
https://www.digitalnewsasia.com/mobility/axiate-digital-invests-us168-mil-swedish-insurtech-bima
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