PB Fintech plans QIP to fund global expansion
pre-market1 source ↓written by the desknot a recommendation
- to approve
- 5 Feb 2024
- in UAE premiums
- 62% YoY growth
PB Fintech Ltd, parent of Policybazaar, announced plans for a Qualified Institutions Placement (QIP) to support its global expansion strategy. A board meeting is scheduled for 5 Feb 2024 to approve the fundraising proposal. The funds will target acquisitions and partnerships, particularly following a 62% YoY growth in UAE premiums during Q4.
Not investment advice. For informational purposes only.