Insurtech startup CXA Group raises US$25m, expects to break even next year

Insurtech startup CXA Group has raised US$25 million in a bridge funding round for its expansion in the Asia-Pacific. Key investors in this round are HSBC, Singtel Innov8, Telkom Indonesia MDI Ventures, Sumitomo Corporation Equity Asia, Muang Thai Fuchsia Ventures, Humanica, and Heritas Venture Fund, among others.