BOMAPP

South Korea
Seoul, Seoul, South Korea, 06628

Company profile

BOMAPP company profile

Bomapp Inc., the most funded South Korean Insurtech is the developer and operator of Bomapp app, an integrated mobile insurance manager. The company aims to provide new value and experience of insurance via simple and easy to use insurance service powered by IT and data. Bomapp’s iconic service, “Bomapp Coverage Fitting” empowers insurance consumers by providing better information through personalized coverage report in a simple and easy manner. The app also offers helpful features including “Current Policy Lookup”, “Easy Claim”, “Insurance Gift”, and “Complimentary Public Insurance Lookup”, to make insurance more engaging to a broader audience. As of July 2020, Bomapp app marked 2.2M downloads with 1.7M signed-up users. Along with its B2C line of business, Bomapp is also innovating B2B and B2B2C insurance territory by catering to emerging insurance needs of SMEs and platform service providers. The company plans to further enhance its digital insurance experience to make everything—from comparing to applying—truly digital via personalized coverage with more reasonable premium.

Business identity

Contact email
[email protected]
Phone number
+82-1544-2947
Operating status
Active
Company type
For Profit
Employee range
51-100 employees
Revenue range
$1M-$10M
Founded
2015-11-23

Headquarters

Postal code
06628
Country code
KR
Continent
Asia

Capital profile

Funding and company signals

Funding stage
Early Stage Venture
Funding rounds
6
Total equity funding
$20.4M
Last funding
Series B / $3.5M / 2022-10-24
Last equity funding
Series B / $3.5M
Investors
17
Lead investors
4
Founders
1
Articles
2

Founders and investors

Founders

Joon-woo Ryu

Lead investors

Hana CapitalHana VenturesHyundai Marine & Fire InsuranceKorea Credit Guarantee Fund

Investors

Hana VenturesKB InvestmentKB SecuritiesKorea Credit Guarantee FundLotte Ventures