CHOYS, a Singapore-based SaaS insurtech platform for corporate employees in Southeast Asia, closed a $1.1 million seed funding.
The investors in the round, included Wing Vasiksiri, Foremast, Antler, and Fintech Nation Fund.
The company will use the funds for its go-to-market strategy across Southeast Asia and to bolster its product development initiatives.
CHOYS aims to make work life more meaningful and humanized. To achieve this, it empowers organizations with well-being tools and a platform to make a “bigger impact” through better understanding of and connecting with their people. The firm uses data analytics to create customized employee benefit experiences.
Company: CHOYS TECHNOLOGIES PTE. LTD.
Raised: $1.1M
Round: Seed Round
Funding Month: August 2023
Lead Investors: Wing Vasiksiri, Foremast, Antler, and Fintech Nation Fund
Additional Investors:
Company Website: https://getchoys.com/
Software Category: SaaS Insurtech platform
About the Company: Founded in 2022 by Sharon Li and Vanessa Chen, CHOYS offers a digital insuretech SaaS platform for personalized care services for employees. It provides employees with access to well-being services. It also enables employees to choose their insurance and build their financial safety net per their requirements. The company’s mission is to provide every employee with access to benefits and impacts that suit their personal needs.
Source: https://e27.co/antler-joins-saas-insurtech-platform-choyss-us1-1m-seed-round-20230815/