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Yujun Chean

CEO, Co-founder at Vouch Insurtech / FairDee Insurtech

Yujun Chean is a seasoned business leader and entrepreneur with a wide range of experience across various industries. He has a Bachelor of Engineering degree from the National University of Singapore and a bachelor's degree from Stanford University. He's also studied at NUS Overseas Colleges. His career began at the Singapore Armed Forces, where he worked as a Guards Combat Officer. Later he held several positions at Citi, including Management Associate, Credit Analyst, and Relationship Manager in the Corporate and Investment Banking division. After that, he co-founded several companies. He was the co-founder and CEO of Vouch Insurtech, a company that partners with insurance providers to offer affordable and personalized insurance to Southeast Asian consumers through innovative business models, better data use, and technology. He was also the CEO and co-founder of FairDee Insurtech. In Singapore, the company operates as Vouch Insurtech and offers Singapore’s first No-Claim Rebate cashback for car insurance. In Thailand, FairDee Insurtech empowers small independent insurance brokers and agents by providing them with a digital insurance platform and relevant content to serve their customers better. He has also worked at Teralytics as the Head of New Markets, Asia. Yujun's diverse experience includes sustainable development, financial services, software, data analytics, and now insurance. He has held various roles, including business development, sales, product management, strategy, and credit analysis.

Highlights

Mar 28 · linkedin

In a recent viral session with Stanford students, Jensen Huang wished upon them ample doses of "pain and suffering". He presents a case that pain and suffering builds resilience and character, which in turn drives greatness.

I too have held that ethos close to heart, albeit without the equivalent success. 😆

Hence, I am thrilled to share a significant milestone in Qoala's journey – our recent $47 million Series C funding round! This investment marks an important step forward as we continue to advance in our mission to leverage technology to provide affordable and accessible insurance to the underserved in Southeast Asia.

I want to extend my gratitude to our new and existing investors PayPal Ventures, MassMutual Ventures, MUFG Innovation Partners, Flourish Ventures, Eurazeo, AppWorks, Peak XV Partners, Centauri Fund SeedPlus who have supported our vision and journey. Your backing validates our progress and keeps us going. 🙏

But behind this milestone lies many stories of "pain and suffering". Over the last 2 years, Qoala has undergone transformative shifts, transitioning from a mindset of "growth at all costs" to one of "sustainable growth with a path to profitability." This transition has required our team to embrace tremendous discomfort, make sacrifices, and undergo immense mental adjustments.

So I want to recognize the real heroes – the incredible leaders and team members at Qoala across Indonesia, Thailand, Vietnam, Malaysia and India. Your unwavering dedication, resilience, and willingness to embrace change have been instrumental in our success. Despite the uncertainties in the startup world, you have kept faith and remained committed to our mission. 💪

Furthermore, let's take pride in the immense impact we have had on our 65,000 agents across the region. Through increased productivity and income opportunities, we have empowered them to thrive in an ever-evolving and competitive landscape. Additionally, processing over 115,000 claims reflects our commitment to providing reliable and efficient service to our end-customers, ensuring minimal financial disruptions during challenging times.

There is still plenty to do. Here's to seeking more "pain and suffering", celebrating progress, embracing growth, and achieving greatness. Onward and upward, Team Qoala! See you at work. 🚀

Harshet Lunani Tommy Martin Martin Hong Prateek Jogani Prashant Pawar Tirto Utomo Nareephas Labanukrom Linh Do Akash Sharma Utkarsh Jain Rohit K Sugeng Purnomo Noviy H. Gunawan Citra Christina M. Wibowo S. Jonathan Ong Chris L. Belly Betharia Tjiawi Himanshu Chhabra Debajyoti Nag Tanuj Mathur Yogesh Bhat Shivam Aggarwal Vivek Nayyar Rajesh Goyal Wongkot Tohsaeng Chana Petchana Sharron O. Henry Triadi

#Qoala #Fairdee #Resilience #Teamwork #Impact #insurtech

Related Questions

What is FairDee Insurtech's mission and focus?
How did Yujun Chean transition from Qoala to FairDee Insurtech?
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What challenges has Yujun Chean faced in building FairDee Insurtech?
How does FairDee Insurtech differentiate itself from other insurtech companies?
Yujun Chean
Yujun Chean, photo 1
Yujun Chean, photo 2
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Location

Singapore