Ouch! the Malaysia-based, next-gen, tech-enabled insurance platform, has just raised RM5 million (US$1.2 million) in strategic funding from @PPB Ventures! 🎉 With this new capital, Ouch! is set to: * Expand its market share 🌍 * Enhance its technology infrastructure 💻 * Drive product innovation 🚀 Additionally, the startup has secured a one-year extension under Bank Negara Malaysia’s Regulatory Sandbox and is working towards obtaining a DITO licence, which will allow them to close critical protection gaps, especially for young families in Malaysia. CEO Shazy Noorazman highlighted how these developments will be "game-changers," enabling Ouch! to offer personalized and accessible Takaful solutions to Malaysians. 🇲🇾 Ouch! aims to make the insurance process pain-free and transparent through its app platform. It offers Shariah-compliant solutions for life, home, travel, and motor insurance. It now plans for a subsequent raise later this year to meet capital requirements for the DITO licence. https://loom.ly/yeRnxPQ #e27News #InsuranceTech #Fintech #Takaful #Funding #Innovation #TechStartups #Malaysia #Ouch #Insurtech
e27 (Optimatic)
Technology, Information and Internet
e27 is an online and offline platform that equips entrepreneurs with tools to build and grow their companies.
About us
Southeast Asia startup ecosystem's go-to platform for connections, insights, and funding opportunities, with a vision to empower entrepreneurs with the tools to build and grow their businesses across APAC. Keep up with the latest news and connect with key stakeholders (startups, investors, corporates, government agencies) to fulfil your business objectives through e27.co. Connect through e27 • Startup Connect: https://e27.co/startups • Investor Connect: https://e27.co/investors • Join Events: https://e27.co/events • Find jobs: https://e27.co/jobs Get your voice heard: • Work with us on branded content: [email protected] • Send your press release or your pitch to [email protected] • Craft your own story: https://e27.co/contribute PM us at [email protected] to explore opportunities for media exposure and event collaborations or just to say hi!
- Website
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http://e27.co
External link for e27 (Optimatic)
- Industry
- Technology, Information and Internet
- Company size
- 11-50 employees
- Headquarters
- Singapore
- Type
- Privately Held
- Founded
- 2007
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- News, Events, Asia, Technology Startups, Innovation, Investor News, Internet, Community Building, Technology, APAC, Insight, Connections, Talents, and Funding
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Primary
Tras Street
Singapore, SG
Employees at e27 (Optimatic)
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Nic Lim
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Mohan Belani
Co-Founder & CEO at e27 | Partner at Orvel Ventures | Early stage investor in startups and funds | Active connector of startups, investors and…
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Adrian Avendano
I am Agent-A | Part Human Part AI
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Julian Lim
Senior Editor @StartupFortune. Contributor to Entrepreneur Magazine, Forbes ME, Asia Pacific Magazine & Business Times Singapore
Updates
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Ouch! the Malaysia-based, next-gen, tech-enabled insurance platform, has just raised RM5 million (US$1.2 million) in strategic funding from @PPB Ventures! 🎉 With this new capital, Ouch! is set to: * Expand its market share 🌍 * Enhance its technology infrastructure 💻 * Drive product innovation 🚀 Additionally, the startup has secured a one-year extension under Bank Negara Malaysia’s Regulatory Sandbox and is working towards obtaining a DITO licence, which will allow them to close critical protection gaps, especially for young families in Malaysia. CEO Shazy Noorazman highlighted how these developments will be "game-changers," enabling Ouch! to offer personalized and accessible Takaful solutions to Malaysians. 🇲🇾 Ouch! aims to make the insurance process pain-free and transparent through its app platform. It offers Shariah-compliant solutions for life, home, travel, and motor insurance. It now plans for a subsequent raise later this year to meet capital requirements for the DITO licence. #e27News #InsuranceTech #Fintech #Takaful #Funding #Innovation #TechStartups #Malaysia #Ouch #Insurtech
Ouch! nets US$1.2M to expand market share, drive insurance innovation | e27
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🚨 Southeast Asia's Startup Funding Declines by 59% in 2024 🚨 The latest Tracxn Geo YTD Report: SEA Tech 9M 2024 reveals a challenging year for Southeast Asia's tech startups. Funding in the first nine months of 2024 plummeted by 59%, with startups raising only US$2.3 billion, compared to US$5.7 billion in the same period last year. This marks an 80% decline from 2022, driven by the ongoing funding winter, geopolitical uncertainties, and global economic challenges. Key highlights: * Early-stage funding: Down 30% (US$1.2B YTD) * Late-stage funding: Down 79% (US$721M YTD) Top-performing sectors: Fintech (US$1.34B) and Enterprise Applications (US$606M) Despite the downturn, Singapore remains the region's funding leader, attracting US$1.4 billion, with Jakarta and Bangkok also making significant contributions. While the environment remains tough, innovation continues to thrive in the fintech and enterprise applications sectors. Investors like East Ventures, 500 Global, and Wavemaker Partners continue to play pivotal roles in shaping the startup ecosystem. More details here (https://loom.ly/pbFqFbY) #e27News #SoutheastAsia #Startups #Funding #VentureCapital #Innovation #TechStartups #Fintech #Enterprise #Tracxn
Southeast Asia’s startup scene sees 59% drop in funding amid economic headwinds | e27
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"When your mind is overwhelmed with minor problems, allow yourself to mentally 'set aside' those issues. Trust that you can address them when you have the proper bandwidth to do so effectively. For now, focus on the task and engage only when necessary," writes Rubyni Karun. Have you ever tried this approach? #e27Community
5 ways leaders can use the power of allowing to manage stress and enhance focus | e27
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✏ "Leo Tolstoy’s classic quote goes, 'All happy families are alike; each unhappy family is unhappy in its own way.' While he meant that for families, the same could be applied to startups," writes Jackie Tan in his contributed post for e27. ✏ "In times of economic prosperity, startups often thrive under similar conditions—ample funding, low interest rates, and a receptive market. However, when the economic climate shifts, each startup faces its own unique set of challenges that test its resilience and adaptability." #e27Community
BorderDollar: Adapting and innovating in a high interest rate environment | e27
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🚀 Over 720 companies and developers from across the region, including Singapore, submitted their projects showcasing impactful use cases of Llama to tackle challenges in education, public services and economic development. 🚀 The top finalists from 13 markets came together at Meta headquarters in Singapore to showcase their solutions and win a grant to further their work. 🚀 The event named traversaal.ai from Pakistan as the winner of the regional finals, entitling the company to a US$100K grant for its innovative use of Llama to create an Urdu Llama model to connect 250 million Urdu speakers worldwide. #e27News #AI
Meta launches AI Accelerator programme for APAC, announces Singapore incubator for 100 startups | e27
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This VC-led acceleration program is perfect for Singapore based startups to explore the Vietnamese market! Organized by our partners at Quest Ventures, the Global Innovation Alliance Ho Chi Minh City (GIA HCMC) acceleration program, supported by Enterprise Singapore, is looking for Singapore-based companies that offer innovative solutions that fit into one of these 3 categories: 🌱 Green Agriculture Solutions 🏭 Smart Industry Innovations 🏙️ Green Urban Living Innovations Opportunities include the following: - Participate in a Market Immersion Trip (24-29 Oct 2024) - Engage in 1:1 Business Matching with top corporates in the country - Receive 1:1 Mentorship With the stakeholders involved, you can be sure to be connected with credible partners, mentors, investors and network. 🚨 Application deadline: October 13, 2024. Apply here: https://lnkd.in/e6ACCQy
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Four years after asking whether China will dominate AI by 2030, it's time to reassess. China’s vast data resources, government backing, and tech leadership place it as a major contender, but hurdles like tech restrictions and ethical concerns remain. Read the full article for insights on China's AI journey and global competition. https://lnkd.in/gmJuv4Gr ✍️ Elise Quevedo, Author, Analyst, and C-Level Advisor #e27community #e27contributorprogramme #thoughtleadership #AI #china
Will China lead the artificial intelligence game by 2030? — Part 2 | e27
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A new report, "Hong Kong vs Singapore vs Dubai: Which Place Is Better?" compares these global business hubs on taxation, regulations, labour markets, and quality of life. For entrepreneurs looking to expand, this report helps determine the best fit for their business. Read the full analysis to make an informed choice. https://lnkd.in/g4VVRhZR ✍️ Bertrand Theaud, Founder of Statrys #e27community #e27contributorprogramme #thoughtleadership #report
Hong Kong vs Singapore vs Dubai: Which business hub is right for you? | e27
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Building a personal brand on LinkedIn can be daunting. What should you talk about? How important is posting? How will you be perceived? Leverage your unique experiences, focus on quality over quantity, and start shaping your digital reputation today. https://lnkd.in/gKu3qTGW ✍️ Karn Malhotra, Founder of ThisIsCreativeAi #e27community #e27ContributorProgramme #thoughtleadership #personalbrand
Mastering LinkedIn: Strategies for building a compelling personal brand | e27
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