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Papaya Insurance is a Vietnamese insurance technology company serving individuals and businesses from Ho Chi Minh City.
Founded by Hung Phan and Khai Nguyen, Papaya Insurance operates from Ho Chi Minh City, Vietnam, and has moved toward integrating technology into insurance products. It serves B2B and B2C customers in North America, Europe and Southeast Asia, including small to medium-sized enterprises and large corporations. The company raised USD 1.3 mn in Series A funding on August 31, 2022, at a USD 10 mn post-money valuation, and has completed 2 funding deals. It reported revenue of USD 787,021.10 and EBITDA of USD -606,117.50 for 2023.
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