Sunday, an InsurTech startup has raised Series A funding of US$10 million, led by Vertex Ventures of Southeast Asia and India. The fundraising success has made Thailand-based InsurTech one of the emerging startups to keep an eye on.
Sunday is a multi-line InsurTech with fully-integrated sales and services platforms designed to reinvent the entire insurance value chain. Incumbent insurers currently act only as risk aggregators with a limited understanding of, and capability to meet, customers’ needs, which are rapidly evolving, said the firm. Sunday aims to reboot insurance that it is always affordable and available anytime,
“Sunday is on a mission to serve customers very differently as an InsurTech and in Southeast Asia, home to over 330 million internet users representing the third largest region globally, and with Thai consumers spending more than four hours a day on mobile internet,” said Cindy Kua, co-founder and CEO.