IFC proposes $5m equity investment in Indonesian insurtech Pasarpolis

Photo: Reuters

International Finance Corporation (IFC), a member of the World Bank Group, is proposing a $5-million equity investment in Indonesian insurtech startup Pasarpolis, according to a disclosure.

The investment, which is proposed to be made in the form of preferred shares, will be the first publicly-known funding for Pasarpolis since it raised a Series A funding round from Indonesian unicorns Gojek, Traveloka and Tokopedia in 2018.

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