This insurance startup came out of nowhere to raise $50m series A

Insurtech firm Singapore Life announced today it has raised a blockbuster US$50 million for its series A round. Investors include Impact Capital Holdings, a subsidiary of Credit China Fintech Holdings. CCFH is a Hong Kong-listed group “with a focus on providing 24/7 online financial services to SMEs, merchants, and individuals in China and Asia through internet and mobile solutions.”