fbpx

Leapstack has completed tens of millions of yuan in B plus round fundraising, expending intelligent risk control territory

SHANGHAI, Dec. 22, 2020 /PRNewswire/ -- Leapstack, an insur-tech company, has recently announced tens of millions of yuan B plus round fundraising, leading by Huazhi Capital, a venture capitalist affiliated to Allinpay Network Services, and following by GF Securities Investment.

In the past few years, investment institutions have paid closer and closer attention to the growing insur-tech companies which are competitive with the investment boom in the fields of "medical insurance reform", "payer innovations", and "regtech". In 2016, Leapstack has chosen the vertical track of the medical insurance rear-market. In the past five years, Leapstack has been focusing on serving medical payers and regulatory agencies through RPA+AI tech, enabling national and local social security, medical insurance, auditing and civil affairs departments, as well as commercial banks, insurance companies, insurance intermediaries, human resources companies, pharmaceutical companies and other partners with enterprise-level big data solutions. Leapstack is on track becoming the leading provider in RPA+AI risk control technology industry.

Leapstack obtained angel financing from Gaorong Capital, Fumu Assets and Wei's Funds in 2016, then completed the round A financing by DCM Investment, Danhua Capital, Puhua Capital and 360 DigiTech (NASDAQ: QFIN) in mid-2017. The B round fundraising, from the participation of Lingfeng Capital and FinVolution Group(NYSE:FINV), was completed in early 2019.

Empowering the financial and insurance industry with RPA + AI to build barriers to differentiated competition

RPA (Robotic Process Automation) uses specific technology that can simulate human operations on a computer interface and automatically execute corresponding process tasks according to rules, replacing or assisting humans in completing related computer operation. The future of RPA + AI will bring unprecedented change to the industry where there are still many repetitive, simple, and cumbersome transactional processes that need to be completed manually, and the amount of data interaction is huge.

Affected by the macro economy, the global financial industry is now facing great challenge. In recent years, China's finance system has also faced problems of slowing growth and serious differentiation in the process of transitioning to high-quality development. In order to adapt to the opportunities and challenges in the new situation, to achieve efficiency improvement, risk reduction, cost savings, and user experience improvement, more and more finance companies have started applying RPA + AI technology to their core business areas to build their core competitiveness.

Leapstack starts from the medical payment scenario, combining risk control models and expert experience, to create a closed-loop risk control solution for the finance and insurance industry through RPA+AI technology. The platform effectively collaborates with different business scenarios, and creates exclusive automated operation, anti-fraud, anti-moneylaundering and other system solutions based on the respective characteristics of regulatory agencies, commercial insurance, commercial banks, and auditing agencies, to realizes joint dynamic risk control to provide partners with digital empowerment.

Leapstack has established business relations with AIA, Prudential, AXA,  Life, PICC, CPIC,  Re, ICBC, CMB, Generali Insurance, Metlife, Sun Life, Manulife, Aegon Life, Hanwha Life, Ergo Life, Peak Re, Hannover Re , SCOR, Gen Re, BeiGen, Merck and other related industry partners inside China and abroad.

The investment value is highly recognized by capital again. The smart risk control landscape will be further expanded

After rapid development in recent years, the insurtech field has begun to transform from single-node innovation to enabling the digitalization of the entire insurance chain. This has obviously injected impetus into the differentiated development of insur-tech companies and also provided more possibilities. Intensive cultivation and meticulous work in the field of risk control over the years has already achieved solid and distinctive differentiated competitiveness.

At present, Leapstack has products such as medical insurance intelligent claims platform, medical insurance intelligent risk control platform, long-term care intelligent management platform, big data anti-money laundering platform, IFRS17 system platform, financial integrity system platform, etc. Apart from providing full-process services for reporting, adjusting, and risk control automation with commercial insurance companies, human resources companies, and insurance brokerage companies, the company can also provide smart risk control, fund management, smart auditing, anti-money laundering, and integrity systems construction and other related services for social security management agencies, audit institutions, banks, etc. to provide decision-making assistance for relevant policy formulation and adjustment.

 

Copyright

© PR Newswire

Ex Dividend 23/12/2020
Gojek invests in Bank Jago to accelerate financial...
 

By accepting you will be accessing a service provided by a third-party external to https://chatpips.com/

 
     
 

Broker Search

Latest Spot Rate

 
19 January 2021
Key risk events today: Limited. (Previous analysis as well as outside sources – italics). EUR/USD: Holiday-thinned liquidity witnessed narrow trading on Monday, despite shaking hands with H4 demand (green) at 1.2040-1.2064 and connecting 38.2% Fibona...
19 January 2021
Canadian dollar dips on mixed data - MarketPulseMarketPulse Home/FX/Newsfeed Share 0 The Canadian dollar is down slightly in the Monday session. Currently, USD/CAD is trading at 1.2759, up 0.22% on the day. Short squeeze boosts US dollar The week end...
19 January 2021

19 January 2021
Aussie dips below 0.77 line - MarketPulseMarketPulse Home/Central banks/COVID-19/FX/News events/Newsfeed/Technical analysis Share 0 The Australian dollar has started the new trading week with slight losses. AUD/USD is currently trading at 0.7681, dow...
18 January 2021
Quiet start to the week - MarketPulseMarketPulse Home/Central banks/COVID-19/News events/Newsfeed/Treasuries Share 0 A quiet start to the week, with the US bank holiday meaning trading is likely to remain extremely thin throughout the session. Europe...
How It Works | About | Contact | Contributors | Privacy Policy | Advertise
© 2009 - 2021 ChatPips. All Rights Reserved. Terms of Use: The content on this website is solely for educational and informational purposes and is not a substitute for official documentation of the original owners. Daily economic news is provided by third-party website. This site is not operated by, sponsored by, endorsed by, or affiliated with any parties in any way. The website owner, the authors, the publishers, and all affiliates of ChatPips.com assume no responsibility or liability for your trading and investment results. You should always check and confirm with several sources with your licensed financial advisor and tax advisor to determine the suitability of any investment before making your final decision. Your continued usage and browsing of information on this website constitute your agreement to this Terms of Use. If you do not agree, please do not proceed to use this website. Brokers Directory: The companies license information were obtained from respective local jurisdiction. All other company and/or product names are trademarks and/or registered trademarks of their respective owners.