Indonesian insurtech Qoala raises $47m in Series C funding, led by PayPal Ventures and MassMutual Ventures.

Indonesian insurtech Qoala raises $47m in Series C funding, led by PayPal Ventures and MassMutual Ventures, with total funding reaching over $130m. Qoala offers personal insurance plans and uses AI for fraud detection and streamlining claims. The new funds will be used for strategic alliances, acquisitions, and AI integration across its channels, serving Indonesia, Malaysia, Thailand, and Vietnam.