Singapore insurtech startup Axinan has closed a Series A financing round led by NSI Ventures. The round was joined by existing investor Linear Ventures and other backers, according to an announcement.
Axinan said it will use the proceeds to fund its regional expansion, build new partnerships, invest in research & development to develop more digital products and accelerate hiring, specifically for management positions. Previous funding includes a seed round estimated at $1 million. It is also a graduate of PayPal Singapore’s incubator.
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