Malaysia’s PolicyStreet secures additional $5 M investment led by BlueOrchard
BlueOrchard, a global impact investment manager and Schroders Group member, announced on Tuesday that PolicyStreet, an insurtech firm based in Malaysia, has received an extra $5 million investment under its InsuResilience Investment strategy.
According to a statement from the company, the investment raises PolicyStreet’s total Series C capital to $26 million.
The additional funding will help PolicyStreet’s ongoing expansion throughout the region, bolster its technological prowess, broaden integrated insurance alliances, and quicken the creation of solutions that cater to the changing security requirements of people and companies.
BlueOrchard has joined the elite group of investors supporting PolicyStreet, which also includes top venture capital firms Altara Ventures and Gobi Partners, as well as sovereign wealth funds Khazanah Nasional Berhad and Cool Japan Fund.
The involvement of BlueOrchard further demonstrates PolicyStreet’s dedication to using technology and embedded distribution to close protection gaps and increase access to insurance.
“As PolicyStreet scales, we have always been driven by more than revenue growth. Our mission has been clear from day one: to narrow the protection gap and make insurance more accessible, affordable, and relevant,
“BlueOrchard’s participation in our Series C round is a strong validation of that mission and our belief that impact and commercial success can go hand in hand. Insurance is not a luxury. It is a necessity, and we remain committed to expanding access to protection for underserved communities across Asia,” said Yen Ming Lee, Co-Founder and Chief Executive Officer of PolicyStreet.
Leading the impact investing sector, BlueOrchard has long prioritized financial inclusion, climate adaption, and increasing access to basic services in frontier and emerging economies.
“PolicyStreet has demonstrated that insurance can be delivered in a way that is both inclusive and scalable,
“Through its embedded insurance model, the company is expanding access to protection for underserved and underinsured communities while building a sustainable business. We are excited to support the team as they continue scaling their impact across the region,” said Alice Mak, Investment Director, Private Equity at BlueOrchard.
It is noted that over the past 9 years, PolicyStreet has built Malaysia’s most extensive embedded insurance ecosystem, partnering with leading digital platforms and businesses to integrate protection directly into everyday products and services.
As these partnerships scale, the company has expanded access to insurance for millions of consumers, gig workers, and small businesses.
Since its founding, PolicyStreet has served more than 10 million customers.
Today, nearly one in every ten customers served by PolicyStreet is a gig worker, reflecting the company’s long-standing commitment to extending financial protection to underserved segments.
The firm has also facilitated over $10 billion in sum insured and has directly and indirectly served over 50,000 small and medium sized enterprises (SMEs) across Asia.
As it continues to work to close protection gaps throughout the region, PolicyStreet stated that it hopes to serve 1.5 million gig workers and 300,000 SMEs and micro, small, and medium enterprises (MSMEs) by 2030.
