After successfully raising a US$ 10 Million series A led by Vertex Ventures, Thailand-based insurtech startup Sunday is eyeing expansion into Singapore, Malaysia and Indonesia. This new funding round puts Sunday among the top-funded fintech startups in Thailand Sunday is a digital insurer who claims to differentiate itself based on “risk-prediction model driven by AI and machine learning” the startup also claims to use more variables than any insurer in South East Asia. Cindy Kua “At Sunday, we believe the only way to solve this is to own and simplify the entire value chain using data and technology. We want to create a platform where people are able to find any insurance for themselves and their businesses at anytime and anywhere. There is more than one way to reach customers now and in the future which is why we have built capabilities to also integrate our solutions into various businesses and ecosystems,” said Cindy Kua, co-founder and CEO. Sunday has since launched over a hundred variations of products and platforms to cover niche risks such as extended warranty and flight delay to more complex coverage such as auto and health insurance.
Thailand-based insurtech Sunday is looking to expand across Southeast Asia into Indonesia, Malaysia and Singapore after securing US$ 10 Million in a series A funding round led by Vertex Ventures. The digital insurer wants to utilise its AI-enabled risk-prediction technology to build a platform where insurance is always accessible. Sunday provides coverage on various risks from extended warranty and flight delays to more comprehensive coverage for auto and health insurance.