Insurtech Firm Qoala Cuts Losses by 36% as Revenue More Than Doubles in 2023
Fintech News
OCTOBER 13, 2024
Southeast Asian insurtech platform Qoala reported a 36% reduction in net losses for 2023, according to its latest regulatory filings accessed by DealStreetAsia. The Indonesia-based company recorded a net loss of US$14.3 million for the year ending 31 December 2023. Qoala, which provides various insurance products, including health, life, and travel coverage, saw its revenue more than double in 2023, increasing by 144.5% to reach nearly US$18 million.
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