And the deal embeds the local insurtech into AMTD's expanding nebula of partnerships and channels.
Funding aims to inject Greater China tech expertise into AFIN, a platform connecting banks and fintechs.
The deal gives Hong Kong investment bank AMTD a technology platform to enter the retail market.
The firm sees growing interest among institutional investors in Asian fintech.
AMTD and its affiliated $1 billion China Fintech Fund back Fox Fintech, the finance arm of internet portal Sohu.