PayPal Ventures has led a $13 million Series B funding round for Olé Life, a Latin American insurtech company focused on simplifying and expanding access to financial protection. This funding, supported by Mundi Ventures, AV8, and Advent Morro, will help Olé Life scale its operations across Latin America and introduce new insurance products tailored to the region's needs.

Olé Life, known for offering Latin America's first fully digital life insurance product, has achieved significant milestones, including $2 billion in insured value and a network of over 4,000 distribution partners. The company plans to diversify beyond USD-denominated term life policies, offering innovative solutions such as whole-family protection plans.

PayPal Ventures highlighted Olé Life's alignment with its mission to promote financial inclusion and innovation. Olé Life aims to transform the insurance industry in Latin America by leveraging advanced AI and decades of experience to address unique regional needs, empowering families with accessible and tailored financial protection.