InsurAce
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InsurAce - overview
Established
2020
Location
Singapore, -, Singapore
Primary Industry
Insurance
About
Founded in 2020 and based in Singapore, InsurAce operates a decentralized finance insurance platform that provides insurance services. The company was founded by its CEO Oliver Xie. In November 2020, InsurAce raised USD 1 million in seed funding led by a new investor DeFiance Capital. The company operates an insurance platform created with a decentralized protocol (blockchain) that protects its users from various security risks like cyber-attacks and offers them insurance services with sustainable investment returns.
The company’s platform also allows its users to earn InsurAce tokens through its liquidity mining program and create accounts with digital wallet accessibility on its website. InsurAce costs its users zero-premium for using its service by following a unique pricing model that changes with their cover cost. The company plans to accelerate its product development, build community, and promote its platform.
Current Investors
Signum Capital, Hashed Ventures, HTX Venture
Primary Industry
Insurance
Sub Industries
Insurance, IT Security/Cybersecurity
Website
www.insurace.io
Verticals
Blockchain, InsureTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
InsurAce - timeline of key events
InsurAce - financials
| Fiscal Year Ended | Oct 31, 2023 | Oct 31, 2024 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
InsurAce - employee data
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