TongJuBao

insurtechp2p insurance

FOUNDING YEAR: 2014
LOCATION: China
Last Update: 18/10/2019

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About

P2P Protect Europe supports major groups as well medium enterprises and startups in engaging with the opportunities and challenges of our times.We bring our experience of innovation, transformation and new technologies and market penetration, both domestic and international, to reach new frontiers in financial services (neobanks, fintechs, InsurTech, open-banking...) and other industries (mobile and digital commerce and payment, super-apps...)We operate strategic and advisory boutique consulting activities, capable of helping our client open new markets and launch new concepts in France, Europe or Asia.We also nurture entrepreneurial ventures, inventing or supporting innovative models ranging from disruptive to the social and societal minded.

MEDICI Analysis

TongJuBao is a peer-to-peer community risk-sharing information platform. It establishes community of shared interests and social relations, among Internet users, spreading mutual assistance. It also helps the users to communicate with other members to discuss how best to avoid the risk and to join a specific community safety agreement.

Focus

PRODUCTS & SERVICES

Peer-to-Peer (P2P) risk sharing platform to help individuals cover their risks without inter-mediation from the other insurance industry.

REVENUE MODEL

The company charges the users based on the risk factors they preferred.

COMMENT

The platform is a community risk sharing information display platform, the product provided by PP protect co. ltd.

company provided insights

Traction

TRACTION COMMENT:

TongJuBao is building peers communities to protect from risks that the traditional insurers either don't cover or cover poorly or cover too expansively with clear and simple risk share rules which the members of the group can't decide upon. It also processes claims for the community and help in quick redressal of claims. The company has 10,000+ active members.

People

FOUNDERS

Tang Loaec

NUMBER OF EMPLOYEES

1-10

INVESTORS:

HuaXia Finance

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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