KUALA LUMPUR: Vynn Capital, Southeast Asia’s leading early-stage venture capital firm, has formed a collaboration with BIB Insurance Brokers, an insurance brokerage firm.
With this collaboration, Vynn Capital and BIB aims to create more revenue streams for insurance companies, technology firms as well as traditional businesses by introducing new insurance and financing products that will benefit the value chain of economies
“We believe the recent virus outbreak, as well as the pace of market movements that have never been witnessed before, are not just impacting economies but have also changed our view on how we should live as human beings.
“As such, we need to breakdown walls and think out of the box on how we can leverage on innovation to create new ways to protect and enhance economies and societies,” Vynn Capital founding and managing partner Victor Chua said in a statement Tuesday.
To-date, Vynn Capital has invested into Malaysian companies such as Dropee and Carsome, both of which have already expanded their business coverage to offer financing services. The latest addition to the portfolio, Epost from Sabah, has also started offering insurance products to customers.
Vynn Capital believes that a partnership with BIB Insurance will result in better products and solutions for customers which can be provided to them in a more productive and cost-efficient manner. The venture capital firm also plans to bring more products and solutions to untapped markets such as Sabah and Sarawak.
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