Saladin Secures Series A Funding to Expand Digital Insurance Offerings in Vietnam

Saladin, a Vietnam-based digital insurance broker, has secured an undisclosed amount in its series A funding round led by SBI Ven Capital, Kyobo Securities, and NTUitive. The funds will enable Saladin to broaden its product portfolio beyond non-life insurance, with a focus on launching life insurance products including term life and health protection through online distribution channels. Founded in 2022, Saladin operates a digital-first insurance distribution platform connecting business partners and consumers in sectors such as payments, travel, and healthcare.\n\nParticipation in the funding round also included Monk’s Hill Ventures, Peak XV Partners, ICMG, along with other investors, providing strategic support for Saladin’s expansion plans. The company currently partners with 15 insurers and serves nearly one million unique customers, supported by a network of over 15,000 agents and partners through its Saladin Pro program.\n\nSaladin aims to enhance customer engagement by improving service operations, particularly in claims handling and ongoing support areas. Future growth strategies emphasize building partnerships with enterprises across health, term life, and travel insurance to co-develop tailored protection solutions suited to the Vietnamese market.\n\nThe CEO highlighted Vietnam’s ongoing reforms and digitalization efforts as catalysts for innovation within insurance, fintech, and healthtech sectors anticipated around 2026-2027. This positioning could facilitate more transparent, convenient, and supportive insurance protection access for consumers.\n\nSaladin’s approach integrates digital technology, AI, and human expertise to deliver a comprehensive platform for insurance distribution. The expanded offerings and partnerships are expected to drive market penetration and support Vietnam’s evolving insurance landscape, particularly amid increased demand for digital-first insurance solutions.