Hong Kong’s AMTD Digital to acquire Singapore insurtech startup PolicyPal
Mar17

Hong Kong’s AMTD Digital to acquire Singapore insurtech startup PolicyPal

AMTD Digital, the digital finance arm of Hong Kong-based AMTD Group, announced that it will acquire a controlling stake in PolicyPal, an insurtech company with a digital insurance broker license from the Monetary Authority of Singapore (MAS). The deal, valued at more than US$20 million, is yet to be approved by MAS, PolicyPal founder and CEO Val Yap told Tech in Asia. After the deal closes, AMTD Digital will have a 51% stake in...

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