PayPal Ventures led a $13 million Series B funding round for Olé Life, a leading Latin American insurtech company, on January 16, 2025. The funding aims to accelerate Olé Life's growth across Latin America and enable the introduction of new products.
Olé Life focuses on redefining access to financial protection with easy-to-acquire products that offer long-term stability. The company plans to expand beyond USD-denominated term life policies to include whole-family protection plans tailored to the region's unique needs.
This investment aligns with PayPal's commitment to supporting innovation that drives financial inclusion and empowerment. Olé Life has achieved significant traction with over $2 billion in total insured value and more than 4,000 distribution partners.
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