Ouch!, Malaysia’s pioneering digital takaful operator, has secured RM5 million from PPB Ventures and received a one-year extension to operate under Bank Negara Malaysia’s (BNM) Regulatory Sandbox.
Ouch!
The funds will be used to expand market share, enhance technology, and develop a proprietary system. Ouch! aims to offer accessible, Shariah-compliant takaful solutions, especially for underserved Malaysians, and is working towards securing a Digital Takaful Operator (DITO) licence from BNM.
Future plans include another fundraising round to meet capital requirements for the licence, reinforcing its mission to provide innovative financial protection.
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