Olé Life is a leading Latin American InsurTech company that offers a fully digital platform for accessing life insurance.
The investment will fuel Olé Life’s expansion across Latin America, enabling the company to establish operations in new markets and diversify its product offerings beyond its core life insurance solutions.
Founded by Michael Carricarte, Olé Life is pioneering a fully digital approach to life insurance in Latin America. The company’s innovative platform offers customers a streamlined and efficient way to access financial protection.
With over $2 billion in insured value and a network of more than 4,000 distribution partners, Olé Life is well-positioned to capitalize on the growing demand for insurance solutions in the region.
The funding round will enable Olé Life to introduce innovative products, including whole-family protection plans tailored to the specific needs of Latin American families. This aligns with Olé Life’s mission to transform how financial protection is delivered in the region.
“As the first fully digital life insurance product in Latin America, this funding is a testament to the incredible progress we’ve made in building a platform that resonates with our customers,” Olé Life founder and CEO Michael Carricarte said.
“With the support of PayPal Ventures, we are poised to expand our reach beyond USD-denominated term life policies and introduce groundbreaking offerings, such as whole-family protection plans that address the region’s unique needs. This investment is a pivotal step toward transforming how financial protection is delivered, empowering millions of families to secure their futures.”
