Hong Kong virtual insurer Bowtie Life raises US$70 million in third funding round - South China Morning Post

Bowtie Life Insurance, the city’s archetypal virtual insurer, connected Friday said it raised US$70 cardinal successful its 3rd backing circular from existing shareholder Sun Life, its largest specified effort since its constitution successful 2018. “The banal marketplace rally successful Hong Kong this twelvemonth has improved marketplace sentiment, paving the mode for galore start-ups and companies to rise funds successful some backstage and nationalist markets,” said Fred Ngan, Bowtie’s co-founder, successful an interrogation connected Friday. The city’s Hang Seng Index benchmark is up...