Australia’s Eden Exchange acquires Dealcierge; Lazada and Peak3 form joint venture

providing greater deal flow and access to private capital across borders.

Lazada, Peak3 launch a new insurance platform
Lazada, a prominent Southeast Asian e-commerce platform, and Peak3, a global insurance technology company, have revealed their partnership in establishing a joint venture (JV) dedicated to developing a leading digital and embedded insurance ecosystem within Southeast Asia.

According to an official statement, this exciting new venture aims to seamlessly integrate innovative, convenient, and affordable insurance offerings into Lazada’s already flourishing local ecosystems, linking over 160 million active users with more than a million actively-selling sellers on a monthly basis.

Initially, the JV’s primary focus will revolve around the creation of embedded insurance products, including protection plans for gadgets, electronics, and product liability to ensure the safety and security of customers and their purchased items. Furthermore, additional insurance options catered to the marketplace, such as car insurance, accident coverage, and travel insurance, will offer essential coverage for various aspects of customers’ daily lives.

Since its inception in August 2024, the partnership has successfully introduced a multitude of insurance propositions across six different countries—Singapore, Malaysia, the Philippines, Vietnam, Thailand, and Indonesia. Impressively, over 5 million policies have been issued to date, averaging more than 70,000 policies per day.

The strategic acquisition of SC Venture’s Dealcierge by Australia’s Eden Exchange to establish the distinctive platform EdenX, alongside the groundbreaking collaboration between Lazada and Peak3 to introduce a cutting-edge insurance ecosystem, demonstrates the ongoing evolution and expansion within the financial technology and insurance sectors across Asia and beyond. These bold initiatives are poised to reshape the landscape of SME M&A, capital markets, and insurance offerings in the region, promising enhanced accessibility, efficiency, and opportunity for businesses and consumers alike.