Leapstack International Limited Celebrates Milestone at EPIC 2023, Accelerating Global InsurTech Leadership

Hong Kong, January 15, 2025

Leapstack International Limited, a trailblazer in AI-driven healthcare insurance innovation, today announced its semifinalist achievement at the 2023 Elevator Pitch International Competition (EPIC), a global showcase for startups. This recognition propelled Leapstack into the prestigious HKSTP Elite Programme, solidifying its position as a key player in Hong Kong’s thriving innovation ecosystem.

From EPIC Semifinalist to Global Growth

EPIC’s 60-second pitch format challenged startups to deliver impactful visions, and Leapstack seized the opportunity with its AI Claims Orchestration Platform. The system, which detects healthcare fraud in real time with 99% accuracy, captivated judges and investors alike.

Key Outcomes:

• HKSTP Elite Programme Invitation: A direct result of EPIC 2023, this three-year initiative has provided Leapstack with:

  • $8M in milestone-based funding for market expansion.

  • Strategic partnerships with industry leaders like AIA and Prudential.

  • Regulatory support to test AI underwriting models in Hong Kong’s Fintech Sandbox.

Cole Gu, Co-founder & CEO of Leapstack:

“EPIC was a turning point for us. It not only validated our technology but also connected us to HKSTP’s unparalleled network. Hong Kong’s status as a global insurance hub, combined with its forward-thinking policies, has been instrumental in our rapid growth.”

Hong Kong: The Catalyst for Global Reach

Leapstack leverages Hong Kong’s strengths as a regulatory and financial powerhouse:

• Market Leadership: Hong Kong’s $120B annual insurance premiums offer a strategic base for Southeast Asia expansion.

• Talent & Innovation: Collaboration with HKUST and CUHK has driven breakthroughs in spatiotemporal data modeling, securing a patent for fraud detection algorithms.

• Ecosystem Support: HKSTP’s Elite Programme has accelerated Leapstack’s journey, now serving 500,000+ insured lives across 8 markets.

2025 Strategy: Scaling Impact

Leapstack’s momentum continues with aggressive growth plans:

• ASEAN Expansion: Launching in Indonesia and Vietnam by Q3 2025, targeting $5B in annual premiums.

• Blockchain Innovation: Deploying claims adjudication on a decentralized ledger to streamline cross-border processes.

• Talent Acquisition: Hiring 150+ AI experts and regulatory professionals in Hong Kong.

Gu added:

“Our mission is to build trust in healthcare through AI. With HKSTP’s support, we’re not just scaling—we’re redefining what insurtech can achieve. By 2027, we aim to eliminate $10B in annual healthcare fraud across Southeast Asia.”

Engage with Leapstack

• Follow us for updates on our regional launches and AI advancements.

• Join our team: Explore career opportunities.

  
  

  Leapstack join HKSTP EPIC 2025