GALILEO PLATFORMS RAISES US$2M IN SERIES A INVESTMENT FOR BLOCKCHAIN TO REVOLUTIONISE INSURANCE

HONG KONG – 4 October 2018 – Galileo Platforms Limited (Galileo Platforms), is an insurance technology company which uses blockchain to revolutionise the insurance sector.

Galileo Platforms and its investors believe blockchain has the potential to dramatically restructure the way insurance is designed, distributed and managed. The secure platform will reduce IT costs and eliminate high-cost, low-value components in the insurance distribution chain. It enables more client centred, agile design of insurance products, including real-time transactions for purchasing and claims, on-demand insurance and micro-duration insurance innovations for the new global economy.