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Aya Lin · · 1 min readIn brief: Aberdeen Standard invests $13m in Singapore insurtech firm
Digital insurance firm Singapore Life announced its latest cash investment in a string of series B transactions. Aberdeen Standard Investments’ subscription of US$13 million as a minority equity partner comes on the back of a US$20 million injection from Aflac Investment in December. The Aflac investment valued Singapore Life at over US$200 million. This brings Singapore Life’s total capital raised to date to US$97 million.
Source: The Straits Times
Editing by Eileen C. Ang
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