Founded in 2018, Qoala is an omnichannel insuretech company, with a purpose to democratize, empower and redefine insurance for customers. Qoala believes in order to redefine insurance, it takes all stakeholders to be involved. Hence, Qoala is committed to provide the upmost value to all of its stakeholders including insurance partners, customers and regulators. Today, backed by prominent investors, Qoala is operating in four countries in Southeast Asia - Indonesia, Malaysia, Vietnam, and Thailand - and moving closer towards our goal to make insurance accessible and affordable for all.
Qoala is also:
1. Qoala App: a digital insurance marketplace that gives its users the peace of mind from unexpected financial risks
2. Qoala Plus: a digital solution that enables our Mitras to sell various insurance products
3. Qoala for Enterprise: a corporate insurance solution that enables our partners to save on average 25% on insurance cost structure and earn additional income stream with our state-of-the-art technology
At Qoala, we are committed to building a diverse and inclusive workforce of highly talented and ambitious individuals, with a data-driven mindset. Join our growing community of product driven, tech enthusiasts and growth minded individuals with strong insurance and eye towards the needs of customers and other stakeholders, with varying experiences from leading insurance industry players, leading tech giants, management consulting and many more.
Qoala is working with PT Mitra Jasa Pratama as an insurance broker that is registered and monitored by OJK with a registration number: KEP-7767/MD/1986.
Copyright © 2021 Qoala.
Qoala is also:
1. Qoala App: a digital insurance marketplace that gives its users the peace of mind from unexpected financial risks
2. Qoala Plus: a digital solution that enables our Mitras to sell various insurance products
3. Qoala for Enterprise: a corporate insurance solution that enables our partners to save on average 25% on insurance cost structure and earn additional income stream with our state-of-the-art technology
At Qoala, we are committed to building a diverse and inclusive workforce of highly talented and ambitious individuals, with a data-driven mindset. Join our growing community of product driven, tech enthusiasts and growth minded individuals with strong insurance and eye towards the needs of customers and other stakeholders, with varying experiences from leading insurance industry players, leading tech giants, management consulting and many more.
Qoala is working with PT Mitra Jasa Pratama as an insurance broker that is registered and monitored by OJK with a registration number: KEP-7767/MD/1986.
Copyright © 2021 Qoala.
Location: Indonesia, Jakarta Special Capital Region
Employees: 201-500
Total raised: $119.5M
Founded date: 2018
Investors 4
| Date | Name | Website |
| 22.08.2024 | MassMutual... | massmutual... |
| 01.06.2022 | Strive | strive.vc |
| - | Ascent Ven... | ascentgrou... |
| - | Salt Ventu... | saltventur... |
Funding Rounds 3
| Date | Series | Amount | Investors |
| 18.04.2024 | Series C | $47M | - |
| 28.03.2023 | Series B | $7.5M | - |
| 12.05.2022 | Series B | $65M | - |
Mentions in press and media 11
| Date | Title | Description |
| 18.04.2024 | Qoala Raises $47M in Series C Funding | Qoala, a Jakarta, Indonesia-based omnichannel insurtech company, closed its USD47m Series C funding. The round was led by PayPal Ventures and MassMutual Ventures, with participation from MUFG InnovationPartners, Ohana Holdings and existing ... |
| 26.03.2024 | Why PayPal’s VC arm is betting on Qoala despite the insurtech firm not yet being profitable | Premium Content It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else. Gabriel Budi Sutrisno · 27 Mar 2024 · 5 min readWhy PayPal’s VC arm is betting on Q... |
| 31.07.2023 | Insurtech firm Qoala lays off 80 employees in Indonesia, Malaysia | FintechNewsStartups Gabriel Budi Sutrisno · 1 Aug 2023 · 1 min readInsurtech firm Qoala lays off 80 employees in Indonesia, Malaysia Photo credit: Qoala Indonesia-based insurtech startup Qoala said it laid off 80 employees on July 31 across... |
| 11.07.2023 | SEA fintech sector hits funding slump in H1 23, but insurtech holds up | Premium Content It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else. Simon Huang · 12 Jul 2023 · 4 min readSEA fintech sector hits funding slump in H1 2... |
| 28.03.2023 | Insurtech firm Qoala raised $7.5 M in Series B extension round | The European firm responsAbility Ventures sponsored a series B extension round in which the Indonesian insurtech company Qoala raised US $7.5 million. Along with AppWorks, previous investors Eurazeo and Indogen also took part in the round. ... |
| 28.03.2023 | Indonesian Insurtech Qoala Extends Series B With US$7.5 Million Fundraise | Indonesian insurtech startup Qoala announced the close of it US$ 7.5 million Series B+ funding round led by Switzerland’s responsAbility Investments. Qoala had previously raised US$ 65 million in a Series B round in May 2022. This funding r... |
| 03.01.2023 | Indonesian insurtech startup Qoala raises $5.4m more in Series B funding | Qoala, an Indonesia-based insurtech startup, has raised $5.42 million more in its extended Series B funding round, regulatory filings show. The insurtech company raised the additional Series B money from responsAbility, Eurazeo and Indogen ... |
| 13.05.2022 | Startup Wire | All Falls Down | Hi everyone. Taro here. Our entire team was recently busy with organizing an event, and I wasn’t paying as much attention to the news for a few days. It was stunning to read about the recent TerraUSD crypto stablecoin depegging and the plum... |
| 12.05.2022 | Qoala Raises US$ 65 Million in Series B, Clocking 30X Business Growth Since Series A | Qoala raised US$ 65 million in Series B funding led by Eurazeo with participation from several existing investors including Flourish Ventures, KB Investment, MassMutual Ventures, MDI Ventures, SeedPlus and Sequoia Capital India. In addition... |
| 12.05.2022 | Qoala Raises US$ 65M in Series B Funding | Left to right: Harshet Lunani (CEO and Founder of Qoala) and Tommy Martin (COO and Co-founder of Qoala) Qoala, a Jakarta, Indonesia-based insurtech startup, raised US$65M in Series B funding. The round was led by Eurazeo. The company intend... |
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