SINGAPORE (April 27): Singapore Life has raised US$50 million ($70 million) in Series A funding round led by Hong Kong listed Credit China FinTech Holdings through its subsidiary, Impact Capital Holdings, as well as UK-based investment firm IPGL Limited.

In a Thursday press release, the life insurance startup says this marks the largest-ever Series A funding round by a Singapore-based insurance technology (insurtech) company.

“Credit China FinTech and IPGL bring the best of technology-led business success in support of Singapore Life’s long term strategy. They are experienced trailblazers in fintech and committed to Singapore Life’s long term development and capital needs,” says Walter de Oude, CEO of Singapore Life, of the recent funding round’s investors.

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