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.
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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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