Daily Markup #326: Carsome boosted by US$170M funding, eyes US listing; YAS MicroInsurance lands funding for inclusive protection starting from US$0.50

Credit: Carsome

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Protection against the odds

  • In Hong Kong, YAS MicroInsurance, an insurtech startup, announced it partnered with and closed a pre-series A funding round led by 500 Startups.
  • The new investment will be used to strengthen the 500-backed startup’s research and development capabilities and accelerate its expansion in the Southeast Asia market.
  • In recent months, YAS launched RYDE with YAS, an in-app, on-demand 90-minute passenger coverage for a wide range of public and private transportation, including ride-shares. It also launched BUS RYDE in collaboration with Hong Kong’s largest bus company to offer coverage for its monthly pass holders.
  • Led by its core belief that every person and moment matters, the startup’s products are developed with financial inclusion in mind. Its coverage services start from as low as US$0.50 per trip.
  • Read the full article on Yahoo! Finance here.



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