Came across your interview on CNA as PolicyPal gets featured as the first startup to graduate from MAS Sandbox. What's the MAS Sandbox and what does getting this title mean to you and the company?

Hi Anon,

The MAS Sandbox Programme encourages FinTech start-ups to test their innovative financial products and do experiments in a safe environment with well-defined parameters. FinTech start-ups can benefit from MAS’ regulatory supports with relaxed specific legal and regulatory requirements.

Once PolicyPal was accepted into the MAS Sandbox, we also got into Income’s Future Starter accelerator. Our app served as an additional platform for them to sell their insurance policies once they tapped into our database after we entered the MAS Fintech Sandbox. Then we launched more partnerships with different insurers such as AXA, Aviva, Sompo, Tokio Marine, ERGO, and Liberty, and got into the one-year PayPal incubation, which introduces new companies to the start-up ecosystem. ​​​