Singapore Life secures funding from Sumitomo.
M2 EQUITYBITES-July 2, 2019--Singapore Life secures funding from Sumitomo
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Global Banking News - 02 July 2019
Singapore-based insurance technology firm, Singapore Life, has said that it has secured funding from Japan-based Sumitomo Life Insurance.
The firm said that it has secured USD90m in funding from the Japanese insurance company. A 25 percent stake in Singapore Life will change hands as part of the deal. The new funds are to be used by the firm to expand its digital offerings.
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