{"id":566281,"date":"2025-01-20T12:32:22","date_gmt":"2025-01-20T11:32:22","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=566281"},"modified":"2025-01-20T12:38:27","modified_gmt":"2025-01-20T11:38:27","slug":"latam-insurtech-ole-life-bags-13m-in-series-b-led-by-paypal-ventures","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/latam-insurtech-ole-life-bags-13m-in-series-b-led-by-paypal-ventures\/","title":{"rendered":"LATAM InsurTech Ol\u00e9 Life bags $13m in Series B led by PayPal Ventures"},"content":{"rendered":"

\"OleOl\u00e9 Life<\/a>, a Latin American InsurTech company, has raised $13 million in Series B funding.\u00a0PayPal Ventures<\/a> led the round, which included participation from Mundi Ventures, AV8 and Advent Morro.<\/span><\/p>\n

Ol\u00e9 plans to use the funding to fuel its growth across Latin America by setting up local operations in key markets. The company is poised to evolve beyond life insurance and plans to introduce new products that address the unique needs of Latin American consumers.<\/p>\n

\u201cAs the first fully digital life insurance<\/a> product in Latin America, this funding is a testament to the incredible progress we\u2019ve made in building a platform that resonates with our customers,\u201d said Michael Carricarte, Founder & CEO of Ol\u00e9 Life.<\/strong> \u201cWith the support of PayPal Ventures, we are poised to expand our reach beyond USD-denominated term life policies and introduce groundbreaking offerings, such as whole-family protection plans that address the region’s unique needs. This investment is a pivotal step toward transforming how financial protection is delivered, empowering millions of families to secure their futures.\u201d<\/p>\n

Backed by a team of industry veterans, Ol\u00e9 Life has achieved traction over the past few years, demonstrating strong product-market fit and validating its unique approach to life insurance. With over $2 billion in total insured value and more than 4,000 distribution partners choosing Ol\u00e9 for its innovative offerings, the company is well-positioned to leverage this extensive network to address the growing demand for insurance across the region.<\/p>\n

By combining AI technology with over 30 years of experience in insurance in the region, Ol\u00e9 has created the perfect formula for understanding and addressing the market’s unique needs. This enables families to receive tailored financial protection solutions.<\/p>\n

\u201cOl\u00e9\u2019s vision of democratising financial protection aligns with our commitment to supporting innovation that drives inclusion and empowerment,\u201d said Alexandros Bottenbruch, Principal at PayPal Ventures.<\/strong> \u201cWe\u2019re excited to support their journey as they enable broader access to valuable USD-denominated protection and financial savings assets for consumers throughout Latin America.\u201d<\/p>\n

With this investment, Ol\u00e9 Life will be able to reshape the insurance industry in the region, pioneering new solutions and setting a new standard for the entire insurance landscape.<\/p>\n","protected":false},"author":35800,"featured_media":566287,"parent":0,"template":"","categories":[11386],"tags":[13003,41563,21391,35898,22172,44333,48891,23910,39165],"class_list":["post-566281","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-insurtech","tag-financial-technology","tag-fintech-funding-news","tag-fintech-news","tag-fintech-solutions","tag-insurance-technology","tag-insurtech-news","tag-ole-life","tag-paypal-ventures","tag-series-b-round"],"acf":[],"yoast_head":"\nOl\u00e9 Life bags $13m in Series B led by PayPal Ventures<\/title>\n<meta name=\"description\" content=\"Ol\u00e9 Life, a Latin American InsurTech company, has raised $13 million in Series B funding, led by PayPal Ventures\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/latam-insurtech-ole-life-bags-13m-in-series-b-led-by-paypal-ventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LATAM InsurTech Ol\u00e9 Life bags $13m in Series B led by PayPal Ventures\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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