PolicyStreet, a Malaysia-based insurtech company, announced Tuesday an additional $5 million investment from BlueOrchard, a global impact investment manager and member of the Schroders Group, through its InsuResilience Investment strategy.
The investment brings PolicyStreet’s total Series C funding to $26 million, the firm said in a statement.
The fresh capital will support PolicyStreet’s continued growth throughout the region, strengthen its technology capabilities, expand embedded insurance partnerships, and accelerate the development of solutions that address the evolving protection needs of individuals and businesses.
BlueOrchard joins a distinguished group of investors backing PolicyStreet, including sovereign wealth funds Khazanah Nasional Berhad and Cool Japan Fund, alongside leading venture capital firms Altara Ventures and Gobi Partners.
BlueOrchard’s participation further reinforces PolicyStreet’s commitment to narrowing protection gaps and expanding access to insurance through technology and embedded distribution.
“As PolicyStreet scales, we have always been driven by more than revenue growth. Our mission has been clear from day one: to narrow the protection gap and make insurance more accessible, affordable, and relevant,
“BlueOrchard’s participation in our Series C round is a strong validation of that mission and our belief that impact and commercial success can go hand in hand. Insurance is not a luxury. It is a necessity, and we remain committed to expanding access to protection for underserved communities across Asia,” said Yen Ming Lee, Co-Founder and Chief Executive Officer of PolicyStreet.
BlueOrchard is an industry leader in impact investing with a long-standing focus on financial inclusion, climate adaptation, and expanding access to essential services in emerging and frontier markets.
“PolicyStreet has demonstrated that insurance can be delivered in a way that is both inclusive and scalable,
“Through its embedded insurance model, the company is expanding access to protection for underserved and underinsured communities while building a sustainable business. We are excited to support the team as they continue scaling their impact across the region,” said Alice Mak, Investment Director, Private Equity at BlueOrchard.
It is noted that over the past 9 years, PolicyStreet has built Malaysia’s most extensive embedded insurance ecosystem, partnering with leading digital platforms and businesses to integrate protection directly into everyday products and services.
As these partnerships scale, the company has expanded access to insurance for millions of consumers, gig workers, and small businesses.
Since its founding, PolicyStreet has served more than 10 million customers.
Today, nearly one in every ten customers served by PolicyStreet is a gig worker, reflecting the company’s long-standing commitment to extending financial protection to underserved segments.
The firm has also facilitated over $10 billion in sum insured and has directly and indirectly served over 50,000 small and medium sized enterprises (SMEs) across Asia.
Looking ahead, PolicyStreet said it aims to serve 1.5 million gig workers and 300,000 SMEs and micro, small, and medium enterprises (MSMEs) by 2030 as it continues working towards narrowing protection gaps across the region.
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