Rob Schimek is founder and group CEO of Bolttech, an insurtech platform based in Singapore. Richard Li is chairman.
Bolttech was founded in 2020. It sells insurance through partners such as retailers, banks and device makers, at the point of purchase.
In May 2023 it raised a Series B at a $1.6 billion valuation. In December 2024 it announced the first close of a Series C of about $100 million, led by Dragon Fund with Baillie Gifford and Generali.
The Series C closed in June 2025 at $147 million and a $2.1 billion valuation, with Sumitomo Corporation and Iberis Capital joining. The company plans to expand to Africa and North America.