PolicyStreet

PolicyStreet

Embedded insurance distribution via digital platforms

Overview

PolicyStreet is a Malaysia-based insurtech that embeds and distributes insurance through digital platforms and partners, covering personal lines, SME/MSME protection, and gig-worker cover. Its products are integrated into partner apps so customers can buy protection without leaving the platforms they use, backed by licensed and regulated operations that have served over 10 million customers and facilitated US$10 billion in sum insured. It differentiates itself by focusing on embedded insurance within partner ecosystems to reach gig workers and MSMEs across Asia, supported by large funding rounds and licences. Its goal is to close protection gaps by expanding across Asia, growing its embedded distribution network, and reaching 1.5 million gig workers and 300,000 MSMEs by 2030.

About PolicyStreet

Simplify's Rating
Why PolicyStreet is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

51-200

Company Stage

Series C

Total Funding

$49.6M

Headquarters

Kuala Lumpur, Malaysia

Founded

2016

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Simplify's Take

What believers are saying

  • BlueOrchard added US$5 million on 14 July 2026, lifting Series C to US$26 million.
  • PolicyStreet reported over US$1 million FY2025 profit and 2.5x net revenue growth.
  • LFSA approval for Takaful operations expands product breadth and Sharīʿah-compliant distribution.

What critics are saying

  • Platforms like foodpanda or ShopeeFood can internalize insurance distribution by 2027.
  • PolicyStreet discloses no group revenue, margin, or burn, obscuring true operating leverage.
  • If partner growth stalls, embedded insurance becomes a replaceable integration layer, not infrastructure.

What makes PolicyStreet unique

  • PolicyStreet holds LFSA, BNM, and ASIC licenses across insurance rails.
  • It works with 40-plus insurers, takaful providers, and digital partners across Asia.
  • Its embedded model reaches 10 million customers and handles over US$10 billion sum insured.

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Funding

Total Funding

$49.6M

Below

Industry Average

Funded Over

6 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 2%
Fintech News Malaysia
Sep 9th, 2026
PolicyStreet bags three industry awards amid Asian expansion.

PolicyStreet bags three industry awards amid Asian expansion. Three latest accolades bring PolicyStreet to five industry recognitions in 2026, building on a year of regional growth and momentum. Get the hottest Fintech Malaysia News once a month in your Inbox PolicyStreet, an insurtech leader, has received three industry accolades in 2026, including two regional awards recognising its growth and innovation, as the company enters its next phase of expansion across Asia. Most recently, PolicyStreet was named the Fastest Growth Award winner at the inaugural Asia Fintech Alliance (AFA) Awards 2026, held in Taipei on 1 September. The recognition follows PolicyStreet's Innovative Microinsurance Product win at the Asia Consumer Insurance Awards, recognising the company's approach to making protection more relevant through personalised microinsurance solutions. PolicyStreet was also named Malaysia's Most Disruptive Insurtech at the Insurance Asia News (IAN) Country Awards for Excellence, marking the third consecutive year that the company has received the recognition. The recognition marks a significant chapter for the Malaysian-founded insurtech: after building its foundations and establishing a strong track record at home, PolicyStreet is increasingly gaining recognition on the regional stage. The Fastest Growth Award places PolicyStreet among just five winners selected from 88 nominations across Asia. The inaugural AFA Awards programme brought together fintech companies nominated by member associations across AFA's network of 16 Asian economies, with finalists assessed by seven international judges on cross-border impact, transaction growth, regulatory capability, and technology robustness. Cross-border impact accounted for the largest share of the judging criteria at 40%, followed by transaction growth at 25%, regulatory capability at 20%, and technology robustness at 15%. Yen Ming Lee, Co-Founder and Group Chief Executive Officer of PolicyStreet, said, "To be recognised for both its growth and its work in microinsurance is especially meaningful because the two are closely connected. For Fintech News, it is proof that expanding access to protection and building a commercially sustainable business do not have to be competing ambitions. As PolicyStreet grows, so should the number of people and businesses that can access insurance that is affordable, relevant, and built around how they actually live and work." The Asia Consumer Insurance Awards' Innovative Microinsurance Product recognition underscores PolicyStreet's approach to making protection not only more accessible, but more relevant. Through its PurposeProtect framework, PolicyStreet combines established general insurance coverage with customisable benefits tailored to the specific needs and risks of different customer segments, enabling personalised microinsurance solutions that reflect how people actually work, live, and transact. Since its founding, PolicyStreet has served more than 10 million customers, facilitated over US$10 billion in sum insured, and directly and indirectly served more than 50,000 SMEs across Asia. Nearly one in every ten customers served by PolicyStreet is a gig worker, reflecting the company's focus on extending protection to segments that have historically faced barriers to conventional insurance. Growing regionally, leading at home. PolicyStreet's expanding regional recognition has been accompanied by a strong track record in its home market. Being recognised as Malaysia's Most Disruptive Insurtech for three consecutive years at the IAN Country Awards for Excellence underscores PolicyStreet's continued role in Malaysia's insurance ecosystem, even as the company expands its footprint and ambitions beyond its home market. "Malaysia is where PolicyStreet started, where Fintech News built many of its capabilities, and where Fintech News learnt some of its most important lessons about making insurance work better for people. As Fintech News grow regionally, maintaining that strength at home matters enormously to Fintech News. Its ambition isn't simply to become bigger. It is to take what Fintech News has learnt and built in Malaysia, continue improving it, and see how much further Fintech News can take it across the region," says Yen Ming. The three aforementioned accolades bring PolicyStreet's total industry recognitions in 2026 to five. Earlier this year, PolicyStreet was named among the Financial Times and Statista's High-Growth Companies Asia-Pacific 2026 and received the Best Digital Insurance Project award at The Asset's Triple A Digital Awards for an innovative digital insurance solution developed in collaboration with a travel experience platform. The latest recognitions come on the back of PolicyStreet's US$26 million Series C close, announced in July 2026, which is supporting the company's continued regional growth, technology capabilities, embedded insurance partnerships, and development of solutions addressing protection gaps across Asia. Together, the milestones reflect PolicyStreet's evolution from a Malaysian insurtech into a growing regional insurance technology group. Featured image: Edited by Fintech News Singapore based on an image by PolicyStreet

FinTech Global
Jul 14th, 2026
PolicyStreet Series C swells to $26m with BlueOrchard.

PolicyStreet Series C swells to $26m with BlueOrchard. July 14, 2026 PolicyStreet, a Malaysian InsurTech group offering digital insurance solutions across Asia and Australia, has reportedly added a further $5m to its Series C round, taking the total raised to $26m. The fresh capital was provided by BlueOrchard, an impact-focused investor, which deployed the funds via its InsuResilience Investment strategy, according to a report from DealStreetAsia. With this commitment, BlueOrchard sits alongside a roster of existing shareholders that features Khazanah Nasional, Malaysia's sovereign wealth fund, Japan's Cool Japan Fund, as well as venture capital firms Altara Ventures and Gobi Partners. The company had previously revealed in April that the initial close of the Series C had brought in $21m. That first tranche was headed by Cool Japan Fund and also drew repeat commitments from Altara Ventures and Gobi Partners. Proceeds from the enlarged round are earmarked for bolstering PolicyStreet's technology platform, growing its embedded insurance partnership network, and speeding up the creation of new insurance products. PolicyStreet Group is a full-stack InsurTech business serving both corporate and retail customers throughout Asia and Australia. It runs several entities spanning its principal markets and business lines, covering insurance distribution, embedded insurance and reinsurance operations. The group works with more than 40 insurance and takaful providers worldwide, supplying employee benefits and group cover, insurance aggregation offerings, and digital infrastructure designed to make insurance simpler. Enjoying the stories? Investors. The following investor(s) were tagged in this article.

The SaaS News
Jul 14th, 2026
PolicyStreet raises $5M Series C.

PolicyStreet raises $5M Series C. PolicyStreet raises $5M in additional Series C funding from BlueOrchard to expand its embedded insurtech platform and narrow the protection gap in Asia. Updated July 13, 2026 PolicyStreet, a Malaysia-based insurtech company, has secured an additional $5 million in investment as part of its Series C funding round. This latest injection of capital brings the company's total Series C funding to $26 million, further fueling its mission to provide accessible insurance solutions across Asia. Investors. BlueOrchard, a global impact investment manager and member of the Schroders Group, participated in the round through its InsuResilience Investment strategy. PolicyStreet use of funds. The company plans to use the new capital to support its continued growth across the region, enhance its technology capabilities, expand embedded insurance partnerships, and accelerate the development of solutions for individuals and businesses. About PolicyStreet. Founded nine years ago, PolicyStreet is an insurtech company dedicated to narrowing the insurance protection gap. The company utilizes an embedded insurance model to integrate protection directly into everyday products and services, making insurance more accessible and relevant to underserved communities, gig workers, and SMEs. Funding details. Company: PolicyStreet Raised: $5M Round: Series C Funding Date: July 14, 2026 Additional Investors: BlueOrchard Software Category: InsurTech Source: https://technode.global/2026/07/14/malaysias-policystreet-raises-additional-5m-investment-from-blueorchard/ Updated July 13, 2026

TechNode Global
Jul 14th, 2026
Malaysia's PolicyStreet raises additional $5M investment from BlueOrchard.

Malaysia's PolicyStreet raises additional $5M investment from BlueOrchard. PolicyStreet, a Malaysia-based insurtech company, announced Tuesday an additional $5 million investment from BlueOrchard, a global impact investment manager and member of the Schroders Group, through its InsuResilience Investment strategy. The investment brings PolicyStreet's total Series C funding to $26 million, the firm said in a statement. The fresh capital will support PolicyStreet's continued growth throughout the region, strengthen its technology capabilities, expand embedded insurance partnerships, and accelerate the development of solutions that address the evolving protection needs of individuals and businesses. BlueOrchard joins a distinguished group of investors backing PolicyStreet, including sovereign wealth funds Khazanah Nasional Berhad and Cool Japan Fund, alongside leading venture capital firms Altara Ventures and Gobi Partners. BlueOrchard's participation further reinforces PolicyStreet's commitment to narrowing protection gaps and expanding access to insurance through technology and embedded distribution. "As PolicyStreet scales, we have always been driven by more than revenue growth. Our mission has been clear from day one: to narrow the protection gap and make insurance more accessible, affordable, and relevant, "BlueOrchard's participation in our Series C round is a strong validation of that mission and our belief that impact and commercial success can go hand in hand. Insurance is not a luxury. It is a necessity, and we remain committed to expanding access to protection for underserved communities across Asia," said Yen Ming Lee, Co-Founder and Chief Executive Officer of PolicyStreet. BlueOrchard is an industry leader in impact investing with a long-standing focus on financial inclusion, climate adaptation, and expanding access to essential services in emerging and frontier markets. "PolicyStreet has demonstrated that insurance can be delivered in a way that is both inclusive and scalable, "Through its embedded insurance model, the company is expanding access to protection for underserved and underinsured communities while building a sustainable business. We are excited to support the team as they continue scaling their impact across the region," said Alice Mak, Investment Director, Private Equity at BlueOrchard. It is noted that over the past 9 years, PolicyStreet has built Malaysia's most extensive embedded insurance ecosystem, partnering with leading digital platforms and businesses to integrate protection directly into everyday products and services. As these partnerships scale, the company has expanded access to insurance for millions of consumers, gig workers, and small businesses. Since its founding, PolicyStreet has served more than 10 million customers. Today, nearly one in every ten customers served by PolicyStreet is a gig worker, reflecting the company's long-standing commitment to extending financial protection to underserved segments. The firm has also facilitated over $10 billion in sum insured and has directly and indirectly served over 50,000 small and medium sized enterprises (SMEs) across Asia. Looking ahead, PolicyStreet said it aims to serve 1.5 million gig workers and 300,000 SMEs and micro, small, and medium enterprises (MSMEs) by 2030 as it continues working towards narrowing protection gaps across the region.

Digital News Asia
Jul 14th, 2026
PolicyStreet tops up Series C to US$26mil with additional US$5mil from BlueOrchard as it doubles down on embedded insurance across Asia.

PolicyStreet tops up Series C to US$26mil with additional US$5mil from BlueOrchard as it doubles down on embedded insurance across Asia. By Digital News Asia July 14, 2026 * Joins Khazanah, Cool Japan Fund and existing investors as insurtech targets underserved consumers, gig workers and SMEs * Investment reinforces PolicyStreet's commitment over past nine years to narrow Asia's protection gap through embedded insurance PolicyStreet, one of Southeast Asia's leading insurtech companies, today announced an additional US$5 million (RM20.4 million) investment from BlueOrchard, a Switzerland-based global impact investment manager and member of the Schroders Group, through its InsuResilience Investment strategy. The investment brings PolicyStreet's total Series C funding to US$26 million (RM106.1 million). BlueOrchard joins existing investors including sovereign wealth funds Khazanah Nasional Bhd and Cool Japan Fund, alongside VC firms Altara Ventures and Gobi Partners. "As PolicyStreet scales, we have always been driven by more than revenue growth. Our mission has been clear from day one: to narrow the protection gap and make insurance more accessible, affordable, and relevant. BlueOrchard's participation in our Series C round is a strong validation of that mission and our belief that impact and commercial success can go hand in hand. Insurance is not a luxury. It is a necessity, and we remain committed to expanding access to protection for underserved communities across Asia," said Yen Ming Lee (pic right), co-founder and CEO of PolicyStreet. BlueOrchard is an industry leader in impact investing with a long-standing focus on financial inclusion, climate adaptation, and expanding access to essential services in emerging and frontier markets. Alice Mak, Investment Director, Private Equity at BlueOrchard, said: "PolicyStreet has demonstrated that insurance can be delivered in a way that is both inclusive and scalable. Through its embedded insurance model, the company is expanding access to protection for underserved and underinsured communities while building a sustainable business. We are excited to support the team as they continue scaling their impact across the region." Over the past nine years, PolicyStreet has built Malaysia's most extensive embedded insurance ecosystem, partnering with leading digital platforms and businesses to integrate protection directly into everyday products and services. As these partnerships scale, the company has expanded access to insurance for millions of consumers, gig workers, and small businesses. The fresh capital will support PolicyStreet's continued growth throughout the region, strengthen its technology capabilities, expand embedded insurance partnerships, and accelerate the development of solutions that address the evolving protection needs of individuals and businesses. Since its founding, PolicyStreet has served more than 10 million customers. Today, nearly one in every ten customers served by PolicyStreet is a gig worker, reflecting the company's long-standing commitment to extending financial protection to underserved segments. It has also facilitated over US$10 billion in sum insured and has directly and indirectly served over 50,000 SMEs across Asia. Looking ahead, PolicyStreet aims to serve 1.5 million gig workers and 300,000 SMEs and MSMEs across its footprint by 2030 as it continues working towards narrowing protection gaps across the region.

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