{"id":2134,"date":"2021-07-26T05:21:00","date_gmt":"2021-07-26T05:21:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2134"},"modified":"2021-08-04T05:10:00","modified_gmt":"2021-08-04T05:10:00","slug":"durians-daily-301-bukalapak-launches-bmoney-an-investment-app-for-all-investors-yas-microinsurance-offers-on-demand-protection-for-day-to-day-activities-policypals-expansion-plans-after-an-eigh","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2134","title":{"rendered":"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal&#8217;s expansion plans after an eight-digit valuation"},"content":{"rendered":"\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96e3b5e1.jpg\" alt=\"\"\/><figcaption>Credit: Infokomputer<\/figcaption><\/figure>\n\n\n\n<p><strong>Growing together<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/blog.bukalapak.com\/berita\/presenting-bmoney-an-investment-app-for-all-starting-from-rp1-000-114751\" rel=\"noreferrer noopener\" target=\"_blank\">In collaboration with investment management firm<\/a> PT Ashmore Asset Management Indonesia, 500-backed e-commerce startup <a href=\"https:\/\/www.bukalapak.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">Bukalapak<\/a> has launched <a href=\"http:\/\/www.bmoney.id\/\" rel=\"noreferrer noopener\" target=\"_blank\">BMoney<\/a>, an investment app. BMoney targets 500,000 users in its first year.<\/li><li>The startup said that BMoney prioritizes online security, transaction safety, and accessibility. With a minimum subscription of just ~US$0.07, no transaction fee is charged, and portfolio management is available to users 24\/7.<\/li><li>In addition, the app offers robo-advisory services and an \u2018Insight\u2019 feature that provides users with market-related information before making an investment decision.<\/li><li>A full range of investment products is available for experienced investors. It also offers financial education to first-time investors.<\/li><li>Read the full announcement <a href=\"https:\/\/blog.bukalapak.com\/berita\/presenting-bmoney-an-investment-app-for-all-starting-from-rp1-000-114751\" rel=\"noreferrer noopener\" target=\"_blank\">here<\/a>.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96fa7bdc.jpg\" alt=\"\"\/><figcaption>Credit: Fintech News Hong&nbsp;Kong<\/figcaption><\/figure>\n\n\n\n<p><strong>Safety at your fingertips<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed Hong Kong-based insurtech startup, <a href=\"https:\/\/www.yas.com.hk\/\" rel=\"noreferrer noopener\" target=\"_blank\">YAS MicroInsurance<\/a>, has been featured as one of the <a href=\"https:\/\/finance.yahoo.com\/news\/yas-microinsurance-hong-kong-based-014700037.html\" rel=\"noreferrer noopener\" target=\"_blank\">top 10 InsurTech firms in Plug and Play APAC<\/a>, a global startups accelerator and innovation platform.<\/li><li>The startup provides on-demand microinsurance products through an app, using technology such as 5G, artificial intelligence, blockchain, and big data.<\/li><li>In May this year, YAS launched Hong Kong\u2019s first real-time microinsurance for daily commuters, <a href=\"https:\/\/micro-insurance.yas.com.hk\/\" rel=\"noreferrer noopener\" target=\"_blank\">RYDE with YAS<\/a>. RYDE provides on-demand 90-min protection while users commute via Uber, MTR, taxi, bus or minibus. Starting from ~US0.24 per ride, RYDE provides coverage for personal belongings, accidental medical expenses, and accidental death and disablement.<\/li><li>The startup plans to launch more on-demand microinsurance products for various activities, such as \u201cHYKE\u201d for hiking, \u201cBYKE\u201d for riding bikes, \u201cRYUN\u201d for running.<\/li><li>Read the full article on Yahoo! Finance <a href=\"https:\/\/finance.yahoo.com\/news\/yas-microinsurance-hong-kong-based-014700037.html\" rel=\"noreferrer noopener\" target=\"_blank\">here<\/a>.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e97001e1c.jpg\" alt=\"\"\/><figcaption>Credit: TechNode&nbsp;Global<\/figcaption><\/figure>\n\n\n\n<p><strong>A light bulb moment<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed insurtech startup <a href=\"https:\/\/www.policypal.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">PolicyPal<\/a> was born out of a series of personal adversities, founder Val Yap shared <a href=\"https:\/\/technode.global\/2021\/07\/09\/insurtech-startup-policypal-addresses-pain-points-faced-by-policyholders-origin-innovation-awards-qa\/\" rel=\"noreferrer noopener\" target=\"_blank\">in an interview<\/a>. She decided to design a digital platform to consolidate insurance policies, making it simple and accessible for everyone.<\/li><li>PolicyPal combines technology and insurance to improve financial and insurance inclusion. It has done this by offering a one-stop solution for users to buy, manage and claim policies across various insurance providers.<\/li><li>In 2017, PolicyPal became the first digitized direct insurance broker in Singapore. Since then, the startup claims to have over 100,000 organic downloads. \u201cThe value of our product can be seen in how we saw a 40 times year-on-year growth in premiums being placed in short-term insurance savings plans from 2019,\u201d Val added.<\/li><li>On the startup\u2019s future, she shared, \u201cWhat I hope to achieve over the next few years would be expanding PolicyPal Group and launching it on the Asia stage with AMTD Group, before going global.\u201d<\/li><li>Read the full interview on TechNode Global <a href=\"https:\/\/technode.global\/2021\/07\/09\/insurtech-startup-policypal-addresses-pain-points-faced-by-policyholders-origin-innovation-awards-qa\/\" rel=\"noreferrer noopener\" target=\"_blank\">here<\/a>.<\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/medium.com\/500-durians\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n\n\n\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e970871ac.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.<\/p>\n\n\n\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growing together In collaboration with investment management firm PT Ashmore Asset Management Indonesia, 500-backed e-commerce startup Bukalapak has launched BMoney, an investment app. BMoney targets 500,000 users in its first year. The startup said that BMoney prioritizes online security, transaction safety, and accessibility. With a minimum subscription of just ~US$0.07, no transaction fee is charged, [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2135,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[423,357,466],"class_list":["post-2134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-bukalapak-d2","tag-policypal","tag-yas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal&#039;s expansion plans after an eight-digit valuation - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=2134\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal&#039;s expansion plans after an eight-digit valuation - Markup\" \/>\n<meta property=\"og:description\" content=\"Growing together In collaboration with investment management firm PT Ashmore Asset Management Indonesia, 500-backed e-commerce startup Bukalapak has launched BMoney, an investment app. BMoney targets 500,000 users in its first year. The startup said that BMoney prioritizes online security, transaction safety, and accessibility. With a minimum subscription of just ~US$0.07, no transaction fee is charged, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=2134\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-26T05:21:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-04T05:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96e3b5e1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Felicia Chia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=2134#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96e3b5e1.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96e3b5e1.jpg\",\"width\":800,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=2134#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=2134\",\"name\":\"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal's expansion plans after an eight-digit valuation - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=2134#primaryimage\"},\"datePublished\":\"2021-07-26T05:21:00+00:00\",\"dateModified\":\"2021-08-04T05:10:00+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=2134#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=2134\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=2134#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal&#8217;s expansion plans after an eight-digit valuation\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\",\"name\":\"Felicia Chia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"caption\":\"Felicia Chia\"},\"url\":\"https:\/\/dailymarkup.com\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal's expansion plans after an eight-digit valuation - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=2134","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal's expansion plans after an eight-digit valuation - Markup","og_description":"Growing together In collaboration with investment management firm PT Ashmore Asset Management Indonesia, 500-backed e-commerce startup Bukalapak has launched BMoney, an investment app. BMoney targets 500,000 users in its first year. The startup said that BMoney prioritizes online security, transaction safety, and accessibility. With a minimum subscription of just ~US$0.07, no transaction fee is charged, [&hellip;]","og_url":"https:\/\/dailymarkup.com\/?p=2134","og_site_name":"Markup","article_publisher":"http:\/\/facebook.com\/500southeastasia","article_published_time":"2021-07-26T05:21:00+00:00","article_modified_time":"2021-08-04T05:10:00+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96e3b5e1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Felicia Chia","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailymarkup.com\/#website","url":"https:\/\/dailymarkup.com\/","name":"Markup","description":"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailymarkup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/?p=2134#primaryimage","url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96e3b5e1.jpg","contentUrl":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_6100e96e3b5e1.jpg","width":800,"height":600},{"@type":"WebPage","@id":"https:\/\/dailymarkup.com\/?p=2134#webpage","url":"https:\/\/dailymarkup.com\/?p=2134","name":"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal's expansion plans after an eight-digit valuation - Markup","isPartOf":{"@id":"https:\/\/dailymarkup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailymarkup.com\/?p=2134#primaryimage"},"datePublished":"2021-07-26T05:21:00+00:00","dateModified":"2021-08-04T05:10:00+00:00","author":{"@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67"},"breadcrumb":{"@id":"https:\/\/dailymarkup.com\/?p=2134#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailymarkup.com\/?p=2134"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailymarkup.com\/?p=2134#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailymarkup.com\/"},{"@type":"ListItem","position":2,"name":"Daily Markup #301: Bukalapak launches BMoney, an investment app for all investors; YAS MicroInsurance offers on-demand protection for day-to-day activities; PolicyPal&#8217;s expansion plans after an eight-digit valuation"}]},{"@type":"Person","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67","name":"Felicia Chia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g","caption":"Felicia Chia"},"url":"https:\/\/dailymarkup.com\/?author=7"}]}},"_links":{"self":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/2134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2134"}],"version-history":[{"count":1,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/2134\/revisions"}],"predecessor-version":[{"id":2139,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/2134\/revisions\/2139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/media\/2135"}],"wp:attachment":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}