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Bolttech company logo
Corporation
FINANCE | Insurance
bolttech.io

Investments

2

Partners & Customers

10

About Bolttech

Bolttech provides technology-enabled insurance and financial services. It delivers device protection through repair and delivery services, switch programs, trade-ins, and technical support to protect customers’ electronic devices. Bolttech was formerly known as AmTrust Mobile SolutionsAmTrust Mobile Solutions. The company was founded in 2020 and is based in Singapore.

Headquarters Location

6 Temasek Boulevard Suntec Tower Four Suite 14-01

Singapore

+43 660 303 700

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Research containing Bolttech

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CB Insights Intelligence Analysts have mentioned Bolttech in 2 CB Insights research briefs, most recently on Oct 4, 2022.

Latest Bolttech News

Billionaire Richard Li-Backed Fintech Firm MoneyHero To List In U.S. Via SPAC Backed By Peter Thiel

May 29, 2023

Getty Images/Bloomberg MoneyHero Group , a personal finance comparison company based in the Asian financial hubs of Hong Kong and Singapore, is planning to go public in the U.S. by merging with a blank-check company backed by Hong Kong billionaire Richard Li and PayPal cofounder Peter Thiel . The deal with Nasdaq-listed Bridgetown Holdings values MoneyHero at about $200 million, including debt, the fintech firm said in a statement on Thursday. The combined company will have an enterprise value of as much as $342 million. The transaction will provide the company proceeds of up to $154 million. MoneyHero said the deal will help the company with market expansion, brand enhancement and attracting and retaining talent. KNOW A COMPANY THAT’S ON THE RISE? NOMINATE NOW: “We are delighted to join forces with Bridgetown as we accelerate our mission to make all of life’s financial decisions a time saving and rewarding experience,” Prashant Aggarwal, CEO of MoneyHero, said in the statement. “This process of becoming a public company will enable us to further enhance our platform and continue our journey of transforming lives through accessible and innovative financial solutions.” MORE FOR YOU MoneyHero’s investors include Hong Kong telecoms company PCCW and insurer FWD Group, both controlled by Li, as well as Goldman Sachs. They will roll all their equity into the combined company, according to the statement. The deal is expected to be completed as early as the third quarter. Formerly known as Hyphen Group, MoneyHero was established in 2014 to operate online finance comparison platforms in Hong Kong, Malaysia, the Philippines, Singapore and Taiwan. Its platforms also provide financial services such as applications for credit cards, personal loans and insurance. MoneyHero said it has attracted roughly 9.8 million monthly unique users and more than 270 partnerships with banks and financial institutions as of March. The company reported a 9.7% increase year-on-year in revenue to $68.1 million in 2022, making it the largest personal finance aggregator and comparison company in Southeast Asia, according to the statement. But as with many fast-growing companies, MoneyHero has yet to achieve profitability. Earlier this month, another fintech company backed by Li raised capital. Bolttech, a Singapore-based insurtech startup, raised $196 million in a Series B funding round at a valuation of $1.6 billion. Li serves as chairman of Bolttech and his investment firm, Pacific Century Group, is one of its investors.

Bolttech Investments

2 Investments

Bolttech has made 2 investments. Their latest investment was in Sherpa Score as part of their Corporate Minority on March 3, 2022.

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Bolttech Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/25/2022

Corporate Minority

Sherpa Score

Yes

1

6/1/2020

Corporate Minority

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10

Date

3/25/2022

6/1/2020

Round

Corporate Minority

Corporate Minority

Company

Sherpa Score

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Amount

New?

Yes

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Co-Investors

Sources

1

10

Bolttech Acquisitions

5 Acquisitions

Bolttech acquired 5 companies. Their latest acquisition was Axle Asia on October 06, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/6/2022

$99M

Corporate Majority

10

2/16/2022

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$99M

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10

7/22/2021

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$99M

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10

12/1/2018

Series D

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$99M

$99M

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10

12/1/2018

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$99M

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10

Date

10/6/2022

2/16/2022

7/22/2021

12/1/2018

12/1/2018

Investment Stage

Series D

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Corporate Majority

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Sources

10

10

10

10

10

Bolttech Partners & Customers

10 Partners and customers

Bolttech has 10 strategic partners and customers. Bolttech recently partnered with AIS on January 1, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

1/10/2023

Distributor

Thailand

Bolttech partners AIS for embedded protection services in Thailand

Bolttech partners AIS for embedded protection services in Thailand

2

10/18/2022

Partner

Singapore

Yale Singapore launches Yale Protect.

Singapore , 18 October 2022 - Yale is proud to announce its partnership with international insurtech , bolttech , to launch a first-of-its-kind insurance coverage for personal home security systems in Singapore , Yale .

1

10/18/2022

Client

United States

Yale Singapore launches Yale Protect.

Singapore , 18 October 2022 - Yale is proud to announce its partnership with international insurtech , bolttech , to launch a first-of-its-kind insurance coverage for personal home security systems in Singapore , Yale .

1

12/21/2021

Partner

South Korea

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10

12/17/2021

Partner

South Korea

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10

Date

1/10/2023

10/18/2022

10/18/2022

12/21/2021

12/17/2021

Type

Distributor

Partner

Client

Partner

Partner

Business Partner

Country

Thailand

Singapore

United States

South Korea

South Korea

News Snippet

Bolttech partners AIS for embedded protection services in Thailand

Bolttech partners AIS for embedded protection services in Thailand

Yale Singapore launches Yale Protect.

Singapore , 18 October 2022 - Yale is proud to announce its partnership with international insurtech , bolttech , to launch a first-of-its-kind insurance coverage for personal home security systems in Singapore , Yale .

Yale Singapore launches Yale Protect.

Singapore , 18 October 2022 - Yale is proud to announce its partnership with international insurtech , bolttech , to launch a first-of-its-kind insurance coverage for personal home security systems in Singapore , Yale .

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Sources

2

1

1

10

10

Bolttech Team

16 Team Members

Bolttech has 16 team members, including current Founder, Chief Executive Officer, Eric Gewirtzman.

Name

Work History

Title

Status

Eric Gewirtzman

Founder, Chief Executive Officer

Current

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Name

Eric Gewirtzman

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Work History

Title

Founder, Chief Executive Officer

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Status

Current

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