Raise Financial Hires Ex-Upstox Executive Abhishek Singh to Lead New Insurtech Venture
Fintech unicorn Raise Financial Services has appointed former Upstox executive Abhishek Singh as the CEO of its new insurtech vertical, Pluto Insurance. The venture aims to leverage technology and AI to reshape the insurance sector.
Raise Financial Services, a fintech unicorn, has appointed Abhishek Singh, formerly of Upstox, as the Chief Executive Officer for its new insurtech venture, Pluto Insurance. Singh confirmed his new role via LinkedIn, where his profile also reflected the change.
Singh brings over two decades of experience in the insurance and financial services industry, having previously held positions at companies such as Aviva India, PNB Metlife, and Edelweiss Tokio Life Insurance. His most recent role was Senior Director at Upstox.
Pluto Insurance plans to develop a platform focused on customer needs, utilizing advanced technology and artificial intelligence. The company operates under GreenLife Insurance Broking Pvt Ltd (GIBL), which Raise Financial acquired three months prior. Raise has committed to investing $15 million into GIBL to build a direct-to-consumer insurance distribution platform.
In addition to Singh's appointment, Raise Financial has also brought on Ranjeet Walunj as Chief Product and Technology Officer for Pluto Insurance. The venture aims to streamline the insurance process for consumers, differentiating itself through technology and an AI-enabled approach.