Bomap was founded in 2015 by CEO Ryu Jun-woo, a former Seoul Guarantee Insurance executive. The company operates a one-stop insurance management platform that allows customers to view all their insurance products in a single app, submit claims instantly, and purchase microinsurance such as travel and wedding policies. The app is positioned as an integrated, digital-first insurance-management solution emphasizing convenience and streamlined claims processing. The company has drawn strategic interest from Hana Financial Group affiliates, which cited the online insurance market's growth potential and the importance of new-technology finance. Investors signaled intentions to collaborate with Bomap to develop differentiated insurance-platform services and to lead the digital insurance market. Hana affiliates also said they will support Bomap's overseas expansion and pursue collaborative business opportunities across the group.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2020