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Hong Kong fintech player raises $30m Series A

Wednesday, May 15, 2019


(AVCJ by Jane Li) - Hong Kong-based OneDegree, an insurance technology start-up, has raised over $30 million for its Series A led by financial technology-focused investment firm BitRock Capital.

Other participants include Cyberport Macro Fund, an investment vehicle founded by Hong Kong government-based incubator Cyberport, and Cathay Venture, a wholly owned subsidiary of Cathay Financial Holdings. The total includes a first tranche of HK$100 million ($13 million) that closed last year.

 

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