Guohua Life Insurance and 58 Group supplied series B funding for online insurance platform Wukongbao, adding to $15.3m in pre-series A funding in 2016.

China-based online insurance broker Wukongbao has secured an eight-digit dollar amount from life insurance provider Guohua Life Insurance and diversified online marketplace 58 Group, Ebrun has reported.

Founded in 2015, Wukongbao cross-sells a wide range of insurance products through an online platform powered by big data analytics. Its platform lists conventional life and car insurance policies as well as bespoke products for beauty, logistics drivers and electric vehicles.

Wukongbao will use the funding, provided in the form of a series…