MALAYSIAN based SaaS (software-as-a-service) HR company, Swingvy, with offices in Kuala Lumpur, Singapore and Seoul, announced yesterday it has raised a Series A bridge financing round (it did not disclose the amount) from Aviva Ventures, the corporate venture capital arm of international insurer Aviva plc. The latest funding follows its April 2017 raised seed round of US$1.1 million (RM4.33 million).
Aviva Ventures’ investment into Swingvy, a HR focused platform until now, comes as the startup expands its services into corporate insurance. This synchs with Aviva Ventures’ mandate as a fund that is looking to partner with companies that can transform the insurance industry. Swingvy cofounder, Tho Kit Hoong tells DNA that is has just launched on Monday, an Employee Insurance Benefits Management feature for customers in Singapore with the Malaysian launch in a few months with some insurance companies as partners. “Unlike most startups that only focus on purchasing or being aggregators, our key value is automating the entire group plan insurance processes seamlessly for HR admin ease and where employees can submit their claim and view their insurance package.
https://www.digitalnewsasia.com/startups/swingvy-raises-series-bridge-round-it-expands-insurtech
unknownx500
