ZA Tech Rebrands as Peak3, Raises US$35M Series A Led by EQT
ZA Tech Rebrands as Peak3, Raises US$35M Series A Led by EQT
SINGAPORE, June 19, 2024 /PRNewswire/ -- ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.
2024年6月19日，新加坡/美通社——ZA Tech，下一代保險核心系統saas-雲計算提供商，已更名爲Peak3。藉助來自EQT（主要投資者）和Alpha JWC Ventures的3,500萬美元A輪融資的成功完成，Peak3現在加速在歐洲、中東、非洲地域板塊的擴張和對補充數據和人工智能解決方案的投資。
In a market dominated by fragmented legacy technology, Peak3 has pioneered a cloud-native, modular insurance core and distribution system that combines comprehensive capabilities for life, health, and property and casualty (P&C) insurance. Since its founding in 2018, Peak3 has become a trusted technology partner to global insurers such as AIA, Generali, Prudential, and Zurich for their digital and traditional business. It has also partnered with leading digital platforms such as Carro, Grab, Klook, and PayPay to build and scale their embedded insurance businesses.
在由零散的傳統技術主導的市場中，Peak3開創了一種雲原生、模塊化的保險核心和分銷系統，結合了人壽保險、健康保險和財產險及意外險（P&C）保險的全面能力。自2018年成立以來，Peak3已成爲全球保險公司如aia grp t2s4009、Generali、英國保誠和蘇黎世保險的值得信賴的技術合作夥伴，用於數字化和傳統業務。它還與領先的數字平台，如Carro、Grab、Klook和PayPay合作，以構建和擴大他們的嵌入式保險業務。
Besides the successful fundraising, Peak3 has recently achieved key milestones underpinning the rebranding. These transformative achievements include launching its first multi-country, multi-tenant core modernisation in Europe, rolling out an integrated customer data and big data platform for scaling analytics and AI capabilities, and establishing its first technology centre in Europe. The rebranding coincides with another major milestone: Issuing over a billion insurance policies on Peak3's systems – including the first policies issued to North American customers and the first ones to be issued in Africa.
除了成功籌集資金外，Peak3最近完成了支持品牌升級的重要里程碑。這些變革性的成就包括在歐洲推出其首個多國家、多租戶的核心現代化，在大數據平台上推出整合的客戶數據和大數據平台以擴展分析和人工智能能力，並在歐洲建立了第一個技術中心。品牌升級與另一個重大里程碑相一致：在Peak3系統上發行了超過10億份保險單，其中包括首批向北美客戶發行的保單以及在非洲發行的首批保單。
"We have evolved from an embedded insurance pioneer in Asia to a global end-to-end technology partner for the insurance industry," said Bill Song, Peak3 Group CEO and Co-Founder. "Our new name represents three pinnacles: scaling the heights of innovation, surpassing performance limits, and delivering superior reliability – as we help insurers reach the highest summits of their cloud, data, and AI transformation."
“我們已從亞洲的嵌入式保險先驅發展爲保險業的全球端到端技術合作夥伴，”Peak3集團CEO和聯合創始人。 “我們的新名稱代表了創新的高峰，超越性能極限和提供卓越可靠性的三個頂峯-當我們幫助保險公司達到他們的雲端，數據和人工智能轉型的最高峰時。”
Bill Song also emphasised the growth opportunity: "There is an incredible tech investment backlog in the US$7-trillion global insurance industry. Continued digitalisation and the proliferation of AI will require structural investments by insurers over the next decade to modernise their core systems. We are uniquely positioned to capture this opportunity by providing the tech core foundations and innovation use cases."
Bill Song還強調了增長機遇：“萬億級全球保險業存在一個令人難以置信的技術投資積壓。在未來十年內，持續數字化和人工智能的蔓延將需要保險公司進行結構性投資，以現代化其核心繫統。我們憑藉技術核心基礎和創新用例的獨特定位，有望抓住這一機遇。”
To accelerate its growth journey, Peak3 completed its Series A fundraising and welcomed two new investors on its cap table: EQT, a major global technology investor with a deep heritage in Europe, and Alpha JWC Ventures, a leading venture firm in Southeast Asia. With the funding, Peak3 will advance its analytics and AI capabilities toward an intelligent core insurance solution, grow its EMEA operations and establish new system integrator partnerships. Peak3 targets double-digit ARR growth this year and is on the path to reach cashflow breakeven over the coming quarters.
爲加速其增長曆程，Peak3完成了其A輪融資，並歡迎EQ和Alpha JWC Ventures兩個新投資者加入其股東名單：EQT是一家在歐洲擁有悠久歷史的重要全球技術投資者，Alpha JWC Ventures則是東南亞領先的風投公司。藉助這筆資金，Peak3將推進其分析和人工智能能力，向智能核心保險解決方案邁進，發展其EMEA業務並建立新的系統集成夥伴關係。Peak3目標是實現今年兩位數的ARR增長，並在未來幾個季度內實現現金流盈利。
"Peak3 has also proven its capability to deliver greenfield digital insurance initiatives and complex multi-country core modernisation projects in APAC and EMEA. As the lead investor, EQT is committed to empowering Peak3 in its go-to-market acceleration by leveraging our global network," stated Clara Ho, Partner at EQT.
"Peak3還證明了其在APAC和EMEA地區交付綠地數字保險倡議和複雜多國核心現代化項目的能力。作爲領先投資者，EQT承諾通過利用我們的全球網絡來賦能Peak3在其市場推廣加速中扮演重要角色，” EQT的合夥人Clara Ho表示。
J.P. Morgan acted as exclusive financial advisor to Peak3 for this Series A fundraising.
J.P. Morgan擔任這次A輪融資的獨家財務顧問Peak3。
For media inquiries and interview requests, please contact Carling Sia, Global Head of Branding and Marketing, at [email protected].
媒體查詢和採訪請求，請聯繫全球品牌和營銷負責人Carling Sia，電子郵件地址爲[email protected]。
For more information on Peak3, please visit .
For more information on EQT, please visit .
For more information on Alpha JWC Ventures, please visit .
有關Peak3的更多信息，請訪問。Peak3。
有關EQT的更多信息，請訪問 。
有關Alpha JWC Ventures的更多信息，請訪問 。
Photo -
照片-
譯文內容由第三人軟體翻譯。