Friday, June 21, 2024
HomeFunding Philippines-based Singlife Secures $10.6 Million in Funding

[Funding Alert] Philippines-based Singlife Secures $10.6 Million in Funding

Singlife intends to leverage AI to enhance its platform, offer more customized user experiences, and boost productivity.According to a corporate release, Singapore Life Holdings Pte Ltd. (Singlife) has invested about $10.6 million in its third subsidiary, Singlife Philippines, in the Philippines.

Singlife intends to leverage AI to enhance its platform, offer more customized user experiences, and boost productivity.

According to a corporate release, Singapore Life Holdings Pte Ltd. has invested about $10.6 million in its third subsidiary, in the Philippines.

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The company’s expansion and innovation in digital technology are anticipated to be aided by the funding infusion.

“This funding underscores the strong confidence it and other shareholders have in the vast potential of the Philippine market as well as Singlife Philippines’s focus on technological innovation to disrupt how insurance is experienced and delivered,” says Richard Vargo, Chairman of Singlife Philippines.

According to it, the recently added funds will be used for strategic investments in the company’s digital platform, new product development, and partnership expansion projects.

With the use of AI, the company hopes to improve its platform, provide more individualized user experiences, and increase productivity.

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According to Singlife Philippines, the recently added funds will be used for strategic investments in the company’s digital platform, new product development, and partnership expansion projects.

With the use of AI, the company hopes to improve its platform, provide more individualized user experiences, and increase productivity.

About Singlife

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, it provides consumers with control over their financial wellbeing at every stage of their lives.

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