AppMan, a Thailand-based insurtech, has reportedly raised $4.3 million through its Series A funding round, which saw participation from Siam Alpha Equity’s SME Growing Together 1 fund, Krungsri Finnovate, Casmatt, KTBST, and Poems Ventures, the venture arm of PhillipCapital Group.
Founded in 2011, AppMan claims to be the leading insurtech company in Thailand with its AgentMate product.
“Our innovative products allow insurers to bring their salesforce closer to digitalization. AppMan is the best partner for companies aiming to succeed in the digital era. Our expertise in the industry, our high-quality professionals, and our robust tools make us the partner you can rely on and trust. We aim to bring top innovation and quality developments for the Vietnam and Indonesia markets, while maintaining the leadership in our home country Thailand.”
According to TechInAsia, AppMan has raised a total of $5 million to date. Akaphan Amatyakul, Managing Director of Siam Alpha Equity, spoke to the media outlet about the investment by stating:
“The software developed by AppMan is also significant, in line with the current global market conditions and the consumer behavior that has shifted to online.”
AppMan is planning to use the investment round’s funding to continue the growth and development of its platform and products.