HK’s AMTD Digital acquiring controlling stake in insurtech startup PolicyPal

Photo by Larry Teo on Unsplash

AMTD Digital, the digital finance arm of Hong Kong-based financial services firm and investment bank AMTD Group, is acquiring a controlling stake in Singapore-headquartered insurance startup PolicyPal.

Financial details of the acquisition were not disclosed. AMTD Digital said 500 Startups-backed PolicyPal will act as its operating vehicle in the insurtech sector in Southeast Asia.

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