Omidyar spinoff Flourish Ventures said to invest in Indonesia’s Qoala

Photo: Reuters

Flourish Ventures, a venture capital spinoff from Omidyar Network, is understood to be closing an investment in Indonesian insurance tech company, Qoala.id., according to sources aware of the development.

Omidyar Network, the philanthropic investment arm started by eBay founder Pierre Omidyar, launched Flourish Ventures in March last year to focus on financial services, particularly the fintech space.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter