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OPENPLAN logo — Making insurance simple and openly accessible for everyone

OPENPLAN

Making insurance simple and openly accessible for everyone

Founded 2019 Korea South Korea South 7 employees Series A Total: $4.13B Financial Services, Insurance

General Information

Company Name OPENPLAN
Founded Year 2019
Location Korea South Korea South
Employees 7
Industries Financial Services, Insurance
Funding Stage Series A
Social

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About OPENPLAN

Founded in 2019, OPENPLAN aims to simplify and democratize insurance through its insurtech platform. With a focus on making insurance more accessible, the South Korea-based company is gearing up to expand its operations globally, starting with Southeast Asia. Boasting a full suite of digital and data-driven technology, OPENPLAN is at the forefront of the next generation of InsurTech ecosystem. The company recently secured a significant KRW3.00B Series A investment on 09 June 2022, with backing from notable investors including FuturePlay, TS Investment, and Plug and Play. For further details, visit their website at toggle.ly.

Business keywords: InsurTech, digital technology, data-driven, insurance accessibility, global operations, Southeast Asia expansion, technology-driven insurance, insurance innovation, insurance digitization, international operations

Services & Products

eSIM technology integration
digital marketing solutions
telecommunications services

Target Customers

online shoppers mobile device users businesses seeking digital transformation

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series A KRW3.00B 3
FuturePlay, TS Investment +1
09 Jun 2022
Non Equity Assistance Undisclosed 1
TIPS Program
07 Dec 2021
Angel Round KRW500.14M 1
Korea Venture Investment Corp
30 Jul 2021
Seed Round KRW100.00M 1
Nextdream Angel Club
10 Dec 2020
Seed Round KRW500.14M 3
뉴패러다임인베스트먼트 | New Paradigm Investment, Nextdream Angel Club +1
31 Oct 2020
Seed Round KRW30.00M -
07 Aug 2020

OPENPLAN Alternatives & Competitors

View All Alternatives
OPENPLAN vs
Qoala
Qoala Indonesia

Insurance simplified for you so you can live your life to the fullest.

Series C
337 employees
Blockchain, Financial Services
OPENPLAN vs
bolttech
bolttech Singapore

The power of connection

Series C
1106 employees
Financial Services, Fintech
OPENPLAN vs
Finology
Finology Malaysia

Asia-Pacific fintech company that specialises in enabling embedded finance.

Seed
49 employees
Financial Services, Fintech

FAQ About OPENPLAN

Making insurance simple and openly accessible for everyone
OPENPLAN was founded in 2019.
OPENPLAN is headquartered in Korea South.
OPENPLAN operates in Financial Services and Insurance. Its work centres on InsurTech, digital technology, data-driven and insurance accessibility. Its customers include online shoppers, mobile device users and businesses seeking digital transformation.
OPENPLAN has approximately 7 employees.
OPENPLAN has completed 6 funding rounds, raising a total of $4.13B. The latest funding stage is Series A.
OPENPLAN offers: eSIM technology integration, digital marketing solutions, telecommunications services.
Top alternatives and competitors to OPENPLAN include Qoala, bolttech, Finology, TypTap Insurance Company, Fairmatic. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
OPENPLAN and Qoala are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for OPENPLAN, https://bouncewatch.com/company/openplan, updated 24 March 2025. When citing, please name BounceWatch and link this page.

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