SCF #12
Award Completed
Qolaq Mutual Aid Platform (MAP)

Developing the first Web3 mutual aid platform to drive financial inclusion for people who do not have traditional insurance cover.

Budget request:

Project Stage



Education & Community

Based in

United States

Team size


Active since

May, 2022
Products & Services

Qolaq plans to develop the following products/services with the support of SCF: 1) smart contract to launch MAP's initial Simple Critical Illness and Life Programs, 2) MAP's Disability/Health Programs, and 3) building Qolaq's global community for financial inclusion.

Qolaq's MAP is a Web3 solution to the restrictive practices and inefficiencies of global health and life insurance, providing the underserved with mutual aid programs that enable Members to support each other in times of need. Qolaq is not an insurance company, so does not conduct underwriting, collect premiums or maintain reserves to pay claims. Qolaq provides programs and the MAP for its Members. Qolaq receives contributions from Members to operate the MAP.

Qolaq's MAP follows proven, successful mutual aid models of the past and is developing a Web3 platform with Soroban to facilitate immediate claim settlement and permit Members to collectively decide on claims with full transparency, removing conflicts of interest. Full Member privacy can be achieved while delivering fair and impartial participation. The costs for administering MAP will be transparent and can be recorded on chain. MAP's decentralized approach also removes significant operating costs/commissions of typical insurers. MAP programs are designed for the underserved seeking coverage but either do not have access to traditional insurers, have been rejected due to underwriting requirements, do not understand complex insurance policy terms or cannot afford monthly premiums.

Leveraging Soroban will enable automated remittance of claims upon Members' approval. Qolaq also seeks to access the existing financial rails through Stellar/Soroban to provide fiat on/off ramps for payments. Based on Stellar's commitment to financial inclusion, such collaboration will support Qolaq to reach beyond its initial markets to provide our decentralized MAP internationally.

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Previous Project(s)
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Progress so far
To get there, we request a budget of  
Additional information

We have already completed development of the smart contract on BSC. Please find general documentation here and the completed third party audit here. Please find the documentation for our initial work on Soroban here.

The repo for the codes are private and can be provided upon request.

Pitch deck
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First Deliverable

Our first deliverable will be completing the smart contract on Soroban. Qolaq’s QLQ tokens are issued on the Stellar Chain and QLQ token distribution is managed on a smart contract via Soroban. Additionally, a further smart contract has been developed via Soroban to track the QLQ tokens users transact through Qolaq’s Mutual Aid Platform (“MAP”). We have built in functions including: check balance, transfer, burn, mint, distribute, etc.

Please see the following link for code references:

Mutual Aid Contract:

Our team has delivered beyond the first deliverables. We also completed some of our front end features that was part of our later deliverables such as KYC, user registration and authentication.

Reviewer instructions

Our mutual aid contract:

Please see our documentation for the reviewer here. (

We also included some of our dev team feedback with Soroban in the documentation.

Qolaq Corporation

Qolaq is an international organization, bringing together people with diverse backgrounds and working in multiple regions to contrubute to achieving and delivering on our objective to provide the first Web3 MAP. Based on our collective industry experience, Qolaq's co-founders and team are driven to have a signficiant impact on financial inclusion globally, focusing on the inequities of the insurance industry, particularly people that have been overlooked/marginalized by insurance organizations.


Key Team Members

Barry Lee

CEO & Co-Founder

20+ years working with venture-backed, technology companies, including 5+ years related to blockchain, insurtech and healthtech.


Lifedoory Hatumessen

COO & Co-Founder

Former digital marketer across industries — most recently building digital insurance channel of Sequis, a leading insurer, to profitability. Avid crypto investor over past 5+ years.


Glenn Kline

Executive Chairman & Co-Founder

30+ years' experience working with technology growth companies, including in governance roles and focusing on blockchain, international insurtech and healthtech.


Firda Safridi

VP Engineering

Experienced engineer in blockchain at Tokenomy and Indodax as well as software development at Tokopedia.


Listina Darmadjaja, MD


Medical doctor with 20+ years' experience with international claims management with Allianz, AXA and Prudential.


Mike Davis


25+ years' of international actuarial experience with Manulife and Prudential.


Stephanie Simmonet


20+ years' insurance industry experience as former CEO and Chief New Solutions Officer at Prudential across Southeast Asia.


James Weiss, PhD


Distinguished professor at MIT Media Labs with Ph.D. from MIT focusing on intersection of blockchain and large datasets for AI.