FFG’s Insurtech arm Fatberry Grows 6800% over 8 months, raises A$0.8 million in New Funding To Drive Growth
Highlights:
●Fatberry raises fresh funding of RM2.5 million (A$0.8 million) in Pre-Series A Funding, which was participated by Fatfish, Abelco as well as several private investors
●Fatfish is investing A$285,000 and Abelco is A$329,000 to increase its stake from 53.3% to 61%
●Fatberry continues its strong revenue growth, between June 2020 and February 2021, its monthly revenue has grown an impressive 6800%
●Funding raised will be used to further develop product offering, as well as to scale up marketing and branding efforts.
