Eazy Digital Closes on $1m Seed Round

Latest funding news for you;

Eazy Digital, an Insurtech SaaS platform designed to empower agents and brokers to automate their insurance sales and processes, has closed a US$1 million Seed round. The round was led by M Venture Partners (MVP), with participation from returning investors Wavemaker Partners, One Degree Ascend Angels, and Orvel Ventures.

By focusing on the inefficiencies of brokers and agents, Eazy Digital leverages technology to help these intermediaries break free from manual and legacy processes. The modular software is compatible and can be easily integrated to existing core insurance systems. The 1-year old startup recently secured major partnerships with global marquee insurance titans such as Ergo Insurance, and Tokio Marine Safety Insurance, and have facilitated 100,000 policies, renewals, and claims in Thailand. 

The proprietary platform is built on a robust backend system to handle millions of transactions with features such as:

• • Automation Campaign Builder to launch data-driven and personalised campaigns to boost sales efficiency. 
  • Agent request management that connect to a workflow system allow for agents to make request for claims, amendments, quotations, cancellations, and much more
  • Intelligent dashboarding and reporting of key KPIs and SLAs to help boost visibility for agents

• Agency profile pages allowing individual agents to have their own profile pages branded under the insurance company. These pages help agents quickly build trust and generate leads
• Other modular add-ons that are in the works include API-enabled payment, onboarding, workflow management, dashboard, training management to reduce operational workloads. 

The fresh funding will be used to make key technology enhancements to upgrade Eazy Digital’s automated Agency Management System (AMS) platform for insurance agents and brokers and fuel the company’s expansion to Malaysia and the Philippines. Currently, Eazy Digital operates in Thailand. With added features such as automated triggers, deeper integrations, enhanced reporting, Eazy Digital is poised to be Southeast Asia’s leading sales-driven AMS.

Hiran Embuldeniya, Partner of M Venture Partners (MVP), said 

“Being a third time founder, Harprem demonstrated deep domain knowledge in the insurance sector. He has shown incredible resourcefulness with a solid vision to build an innovative sales-driven platform to digitize insurance agency force across Southeast Asia. The combination of Maethavee’s operator experience, Harprem’s commercial acumen and his track record of building successful InsurTech exits is truly unique and compelling.”

With the infusion of fresh capital, the horizon looks even brighter. “Our vision is expansive. We aim to introduce our platform to new markets, while also enhancing our offerings based on client feedback,” Eazy Digital Co-Founder, Maethavee Sukul, said in a statement.

For a deeper dive into Eazy Digital’s innovative solutions and vision, visit www.eazydigital.io