News eDaily30 Nov 2015

Thailand:Mobile insurance app clinches US$2 mln funding

30 Nov 2015

Claim Di, a Thai startup which has launched a mobile app which facilitates drivers' insurance claims, has secured US$2 million in funding. This is the largest ever Series A funding to be received by a Thai startup, the company said in a statement.

Series A funding is the first round of stock offered by a company during its early stage to venture capital investors.

Mr Kittinan Anuphan, the CEO of Anywhere 2 Go,  which is Claim Di’s developer, said that the funds will be used for software development, marketing, and launching new services to drive domestic and global expansion, according to the company statement.

Claim Di will be launching three new services next year, namely: Claim Di Assist (a roadside assistance service for drivers), Claim Di Call (an outsourced call service for insurance companies), and Claim Di Bike (a car-accident survey service under and individual-model basis, to facilitate accident surveyors in terms of payment and benefits for policyholder claimants).

The mobile app operator aims to expand its services nationwide in Thailand. It is also eyeing  the markets of Malaysia, Laos, Sri Lanka, South Korea, and Japan.  The company will primarily focus on Malaysia, South Korea and Japan where the auto insurance markets are similar to the Thai market and among the largest in Asia. 

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