PolicyStreet

Full-stack insurtech platform delivering embedded insurance and digital distribution across Southeast Asia and Australia

Distribution & Sales Growth Series C+

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Overview

PolicyStreet is a digital insurance distribution platform for consumers, SMEs, and gig workers across Southeast Asia and Australia. The company aggregates products from over 40 life, general, and Takaful insurance providers, distributing them through direct-to-consumer comparison tools, an SME employee benefits portal, and embedded insurance partnerships integrated into third-party apps and platforms.

The platform delivers insurance via API-connected embedded distribution, enabling partners in mobility, e-commerce, fintech, and logistics to offer coverage within their own products. PolicyStreet holds licenses from Bank Negara Malaysia (Financial Adviser and Islamic Financial Adviser), the Labuan Financial Services Authority (reinsurer, general insurer, reTakaful operator), and is a registered Australian Financial Services Licensee under ASIC. This regulatory stack allows the company to operate across multiple Asian markets and Australia from a single platform.

Founded in 2017, PolicyStreet closed a USD 21M Series C first tranche in April 2026, led by Cool Japan Fund, bringing total reported funding to over USD 43M. The company serves over 10 million customers as of 2026 -- doubling from 5 million in 2023 -- and recorded over USD 1 million in profit for FY2025. Backers include Khazanah Nasional Berhad (Malaysia's sovereign wealth fund), Altara Ventures, and Gobi Partners.

Products & Services

Embedded Insurance Distribution

API-based integration layer that inserts insurance products into third-party partner ecosystems. Partners in mobility, e-commerce, fintech, gig economy, travel, logistics, and telecommunications can offer coverage to their end users within existing workflows.

Key Features

API connectivity with 40+ insurance carrier partners
Configurable product types: motor, travel, life, health, on-road protection
Supports partners across Malaysia, regional Southeast Asia, and Australia

Target Users: Platforms, fintechs, digital marketplaces, mobility and logistics operators

Car Insurance Comparison and Renewal (policystreet.com.my)

Direct-to-consumer motor insurance comparison platform for Malaysian drivers. Enables online comparison, renewal, and purchase across multiple carriers, with instalment payment options and immediate policy issuance.

Key Features

Multi-carrier price comparison
Online road tax and insurance renewal
Instalment plans up to 12 months
Renewal Propensity Model (AI, developed with Google, 2025)

Target Users: Malaysian consumers renewing motor insurance

SME Employee Benefits Platform (sme.policystreet.com)

Digital HR portal allowing small and medium enterprises to procure and manage group medical and employee benefits insurance from multiple insurers through a single online interface.

Key Features

Multi-insurer group medical comparison and purchase
Digital policy management for HR teams
Supports over 50,000 SME customers

Target Users: Small and medium enterprise HR and finance teams

Reinsurance Operations

Through its Labuan-licensed entity, PolicyStreet operates a licensed reinsurance subsidiary with underwriting capacity and technology-driven distribution. Enables the company to launch new-to-market insurance products across its partner network.

Key Features

Licensed general reinsurer and reTakaful operator (Labuan FSA)
LECA rating 'a+' from RAM Ratings (2025)
Supports regional expansion into Vietnam and Hong Kong

Target Users: Carrier partners and regional distribution networks

At a Glance

Founded: 2017
Headquarters: Kuala Lumpur, Malaysia
Employees: 51-200
Funding: Series C+

Category & Focus

Category: Distribution & Sales
Subcategories: Embedded Insurance Insurance Comparison Employee Benefits Digital Aggregation
Insurance Verticals: P&C Personal Life & Annuity Group Benefits Specialty/E&S Reinsurance
Target Customers: Consumers, Employers, Carriers, Reinsurers