MetaFin
Malaysia's DIY digital platform for insurance and takaful comparison and purchase
Overview
MetaFin is a digital insurance brokerage and marketplace serving consumers and small businesses in Malaysia with self-service motor, medical, life, and group insurance products. The company positions itself as a neutral platform connecting licensed corporate insurance agencies and takaful operators to end-users, enabling direct comparison and purchase without requiring traditional broker intermediation. Its primary market is motor insurance and road tax renewal, alongside personal and group medical, life insurance, and takaful products.
The platform supports both conventional insurance under Malaysia's Financial Services Act 2013 (FSA) and Islamic takaful products regulated under the Islamic Financial Services Act 2013 (IFSA), supervised by Bank Negara Malaysia. MetaFin partners with more than 20 licensed insurance and takaful agencies including Lonpac, Sompo Insurance Malaysia, Allianz Malaysia Berhad, and AIG Malaysia.
MetaFin has grown to 250,000 active customers and 70,000 policies issued across its product lines. The platform integrates with buy-now-pay-later services including SPayLater and Grab PayLater, enabling flexible monthly installment payments for insurance premiums. In May 2025, the company launched an AI-powered insurance vending machine initiative in collaboration with Allegra Technologies and Pathlab Health Management to extend its digital distribution reach through physical self-service kiosks.