# EFGH > Embedded financial infrastructure connecting insurers and digital platforms across Asia and Africa ## At a glance | Field | Value | | --- | --- | | Category | Insurtech Infrastructure | | Type | Solutions Provider | | Region | APAC | | Headquarters | Singapore | | Founded | 2024 | | Stage | Startup | | Employees | 11-50 | | Funding | Pre-IPO | ## Overview EFGH (Embed Financial Group Holdings Pte Ltd) is an insurtech infrastructure provider headquartered in Singapore that enables embedded insurance and financial services for governments, banks, telecoms, insurers, and enterprise platforms across 12 countries in Asia and Africa. The company operates as a B2B infrastructure layer -- it does not underwrite risk, accept deposits, or serve end consumers directly. Instead, it provides the middleware that connects insurance carriers and financial service providers to digital distribution channels at scale. The company offers two primary platforms: ConnectSure, an API-first middleware layer that standardizes connectivity between insurers and digital distributors for policy issuance, claims management, and product configuration; and SMEsure, a business operating system for small and medium enterprises that bundles operations management, access to financing, and embedded insurance through pooled volume arrangements. EFGH also operates a blockchain-based trust infrastructure (GAT -- Governance, Assets and Trust) for product traceability and programmable settlement, along with digital wallet and financial rails infrastructure supporting fiat, stablecoins, and card networks. Founded in 2024 by Dennis Ng, the company has moved quickly to establish institutional partnerships. In June 2026, Income Insurance transferred its HIVE digital insurance platform -- a five-year-old API-first distribution and product innovation layer -- to EFGH. The company is in the process of going public through a SPAC business combination with WinVest Acquisition Corp. at an implied equity value of approximately USD 425 million, with NYSE listing targeted for Q3 2026. ## Products & services ### ConnectSure An embedded insurance middleware platform that connects partner digital platforms to multiple insurers through a single integration. ConnectSure standardizes the API layer between carriers and digital distributors, enabling policy issuance, claims management, and product configuration without requiring partners to build proprietary infrastructure. **Key features:** - Single\-integration point connecting distributors to multiple insurers - Policy issuance and claims management via API - Configurable insurance product layer for embedded use cases *Target users:* Digital platforms, banks, telecoms, and enterprise distributors seeking to embed insurance into customer journeys ### SMEsure A business operating system for SMEs that combines operations management, access to financing, and embedded insurance. SMEsure pools SME volume to deliver pre-negotiated insurance products, reducing underwriting friction that limits SME access to commercial coverage. **Key features:** - Combined operations, financing, and insurance in a single platform - Pooled volume model for SME insurance access - Live in Singapore *Target users:* Small and medium enterprises ### HIVE \(acquired from Income Insurance\) An API-first digital insurance infrastructure platform incubated within Income Insurance over five years. HIVE supports product innovation, digital distribution, and customer engagement as a connectivity layer between core insurance systems and distribution channels. **Key features:** - API\-first connectivity between core systems and distribution channels - Digital distribution and product configuration capabilities - Customer engagement infrastructure *Target users:* Insurers and digital distribution partners ### GAT \(Governance, Assets and Trust\) A proprietary intellectual property layer enabling trust, product traceability, and programmable settlement. GAT forms the blockchain-based trust infrastructure underpinning EFGH's embedded finance operations. **Key features:** - Blockchain\-based product traceability - Programmable settlement - Trust infrastructure for cross\-border embedded finance *Target users:* Enterprise platforms and financial institutions operating across multiple markets ### Digital Wallets and Financial Rails Infrastructure supporting digital wallet deployments for remittance, rewards, loyalty programs, and digital assets, along with settlement rails for fiat currencies, stablecoins, card networks, and payment networks. **Key features:** - Multi\-currency wallet infrastructure - Stablecoin and card network settlement - Cross\-border and domestic digital finance rails *Target users:* Enterprise platforms, banks, and telecoms ## Category & focus - Subcategories: Embedded Insurance, API Platforms, Digital Distribution - Insurance verticals: P&C Commercial, Specialty/E&S, Life & Annuity - Target customers: Carriers, Brokers, Agents/Agencies ## Notable customers - SimplyGo Pte Ltd \-\- Singapore public transport ticketing ecosystem; embedded micro\-insurance partnership with MSIG Insurance as underwriter \(May 2026\) - Income Insurance Limited \-\- transferred HIVE digital insurance platform to EFGH \(June 2026\) - Singapore National Olympic Council \(SNOC\) \-\- partnership supporting Team Singapore athletes and coaches \(June 2026\) - Kingston International College \-\- financial services and education partnership \(June 2026\) - Financed device protection deployment in Nigeria via ConnectSure \(June 2026\) ## Links - Website: - Directory profile: - Linkedin: - Press/news: --- *Last updated: 2026\-06\-22*