Jakarta-based insurtech firm Rey Assurance raises $3.8m in seed funding

Jakarta-based insurtech startup Rey Assurance has raised $3.8 million in a seed funding round from Genesia Ventures, Vertika Corporation, and PT Reycom Document Solusi, according to regulatory filings.

Genesia Ventures contributed $2 million to the round, while AI company Vertika invested $1.6 million, according to Rey Assurance’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).