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HDI Global SE's international arm, HDI International AG, has led a $42m fundraise for Thai insurtech Roojai. The funding round was also joined by Toyota Tsusho Corporation, MS&AD Ventures , and SCB 10X. The company is planning to use the funds to expand its product offerings, improve its technology, and enter new markets. The investment from HDI International AG is seen as a strategic move to strengthen the company's presence in Southeast Asia's growing insurtech market.Roojai is an online insurance platform that offers car insurance and other personal insurance products in Thailand. The company was founded in 2016 by Nicolas Faquet, who previously worked as a consultant for McKinsey & Company and AXA. Roojai aims to offer affordable and accessible insurance products to the Thai market, using technology to streamline the customer experience and make insurance more user-friendly.Roojai's car insurance product is one of the most popular offerings on the platform. The company uses #telematics technology to track drivers' behavior and offer personalized pricing based on driving habits. Roojai also offers personal accident insurance, health insurance, and travel insurance products. The company has partnered with a number of insurers to provide coverage for its customers.The investment from HDI International AG is expected to help Roojai expand its product offerings and improve its technology. The company plans to launch new insurance products, including home insurance and pet insurance, and to expand its reach beyond Thailand.
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