Ouch! raises US$365k in pre-seed funding

Malaysia: Ouch! A Malaysian Fintech company has raised US$365k in the Pre-Seed funding round. Launched in 2019, the Malaysian insurtech company focuses on addressing the insurance needs of the younger generation. Ouch! claims its platform can educate users about their coverage and risks, and allow them to purchase and manage digital insurance products.

Vynn Capital and Temokin joined a number of angel investors in the investment round.

The fresh funds will go towards product and business development efforts. Ouch! added it will improve its platform and service for users by rolling out features and upgrades across the year. The company is also planning to raise pre-Series A funding later this year.