About BoMap
BoMap is a Financial Services company based in Seoul (South Korea) founded in 2016. It operates as an insurance policy management app. BoMap has raised $1.73 million across 1 funding round from investors including Lotte Ventures. Its chief executive is Ryu Jun Woo. Its website bomapp.co.kr draws about 30 thousand monthly visits. Its focus areas include FinTech, Internet First Insurance Platforms, Consumer Insurance Management and Policy Management. Its competitors include iChain and Bofit.
Company details
BoMap is an insurance policy management app. Enables users to store view all the insurance policies. Detects duplicate subscriptions, confirmation of insurance items, confirmation of contracts, payment of monthly premiums, as well as details of insurance coverage. Enables users to apply for insurance claims without a physical visit. Also conducts a diagnostic analysis of insurance policies and suggests topics of interest to the user.
- Headquarters Seoul, South Korea
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website bomapp.co.kr
- Social Facebook
- Total Equity Funding$1.73M (USD)
in 1 rounds
- Latest Funding Round$1.73M (USD), Seed
Apr 2019
- Investors
Funding Insights of BoMap
BoMap has successfully raised a total of $1.73M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.73 million completed in April 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.73M
- Total Rounds 1
- Last Round Seed — $1.73M
- First Round $1.73M
(Apr 2019)
- Investors Count 1
All 1 funding rounds of BoMap with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | $1.73M | Seed | – | – |
1 investors in total: 1 institutional.
Investors in BoMap
BoMap has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Lotte Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are funded and accelerated by Lotte Ventures' sector-agnostic program. | – | lotteventures.com | Gangnam, South Korea |
Investor details for BoMap
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People of BoMap
1 people are tracked at BoMap (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ryu Jun Woo | CEO | Leadership |
Complete people profiles for BoMap
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Timeline of BoMap
2 dated milestones of BoMap across 3 years, from founding to its latest funding, stage changes and deals.
- Founded BoMap is founded.
- Funding First funding round of $1.7M.
Competitors of BoMap
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ichain.co.jp | 2016 | Tokyo, Japan | – | – | Policy management app | |
| bofit.kr | 2020 | Seongnam-si, South Korea | – | – | Offers an app-based platform for efficient insurance management. |
Detailed competitors of BoMap
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Web traffic of BoMap
The website of BoMap (bomapp.co.kr) receives about 29.7K visits a month.
- Monthly visits29.7K
▼ 20.8% vs previous month
Websites whose visitors overlap most with BoMap. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| naver.com | 100% | 1.6B | #20 | View details | |
| google.com | 93% | 85.8B | #1 | View details | |
copartner.kr | copartner.kr | 46% | – | #6,057,648 | – |
Top companies in Insurance Providers
10 companies that operate in the same segment as BoMap (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | – | 549 | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 640 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,908 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | USD 502.59 M | 31,422 |
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Related news about Bomap
Complete news archive for BoMap
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Frequently Asked Questions about BoMap
BoMap was founded in 2016 and raised its 1st funding round 3 years after it was founded.
BoMap is headquartered in Seoul, South Korea.
Ryu Jun Woo is the current CEO of BoMap.
BoMap is a funded company, having raised a total of $1.73M across 1 funding round to date. The company's 1st funding round was a Seed of $1.73M, raised on Apr 2019.
BoMap is an insurance policy management app. Enables users to store view all the insurance policies. Detects duplicate subscriptions, confirmation of insurance items, confirmation of contracts, payment of monthly premiums, as well as details of insurance coverage. Enables users to apply for insurance claims without a physical visit. Also conducts a diagnostic analysis of insurance policies and suggests topics of interest to the user.
BoMap has 1 investor. Key investors include Lotte Ventures.