From U-BX Technology to the Nasdaq: Chinese Digital Services for Insurance Companies

U-BX Technology, a leading provider of digital services to insurance companies in China, has recently raised $10 million by selling 2 million shares at $5 each. The company offers a range of services to its clients, including digital promotion, risk assessment, and value-added bundled benefits.

U-BX Technology’s unique algorithmic model allows it to generate customized risk reports based on various factors such as the vehicle brand, model, travel area, and vehicle age. This enables the company to provide tailored solutions to its clients and meet their specific needs.

The company serves over 300 city-level property and auto insurance carriers across China as well as around 200,000 insurance brokers who rely on U-BX Technology’s products and services for their daily operations. With its strong customer base and growing reputation in the industry, U-BX Technology is well positioned for continued success.

In fact, the company is planning to list on the Nasdaq stock exchange under the ticker symbol UBXG. This move will enable U-BX Technology to reach a wider audience and continue its growth trajectory in the future. The deal was managed by EF Hutton, who acted as the sole bookrunner for the offering.

Overall, U-BX Technology’s successful fundraising round and plans for a Nasdaq listing demonstrate the company’s growth and success in the insurance industry in China. With its cutting-edge technology and strong customer base, this company is well positioned for continued growth and success in the years to come.