Insurer Bowtie raised HK$176 million

Finance | 19 Oct 2021

Local virtual insurer Bowtie said it raised US$22.6 million (HK$175.79 million) in the latest round of fund raising led by Mitsui, one of the largest Japanese trading firms, with participation from the existing investor Sun Life.

The digital insurer said the proceeds raised in the latest funding round will be used to scale up its operations in Hong Kong and expand across Asia.

Since its launch in 2019, Bowtie has provided US$3.8 billion of insured amount for 45,000 customers.



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