Qoala, an insurtech startup backed by the likes of Sequoia, MDI Ventures and Golden Gate Ventures announced today the acquisition of FairDee, a Thai insurtech to expand their reach into the Thailand market.

Since its 2018 launch, Qoala said that it now processes over 2 million policies per month, with a diversified partnership portfolio serving core industries such as motor vehicle, health, life, travel, fintech, consumables, logistics, and employee benefits