Despite generating US$280 million in gross written premiums since 2020, the Indonesia-based startup has yet to turn a profit.
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Why is PayPal’s VC arm betting on Qoala despite the insurtech firm being in the red?
Despite generating US$280 million in gross written premiums since 2020, the Indonesia-based startup has yet to turn a profit.
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Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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