Wednesday, 27 March, 2024

PayPal Invests in Indonesia Insurance Startup Qoala with $47M Funding

PayPal has contributed to a $47 million funding round for Qoala, an Indonesian insurance startup. The investment underscores PayPal's interest in expanding its presence in Southeast Asia's burgeoning tech ecosystem. Qoala's innovative approach to insurance, leveraging technology to streamline processes and enhance customer experience, aligns with PayPal's vision of supporting innovative fintech solutions that cater to diverse markets and drive financial inclusion.