Vbao
Insurance payments.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
N/A | Series B | ||
| Total Funding | 000k | ||
Vbao, legally registered as Beijing Webao Technology Co., Ltd., was established in 2014 and operates from Beijing, China. The firm has positioned itself as a digital transaction service provider with a specific focus on the insurance sector. It caters to a clientele that includes property, life, and brokerage insurance companies.
The company's business model is centered on providing Software-as-a-Service (SaaS) solutions to the insurance industry. Revenue is generated through these services, which are designed to enhance the digital transaction capabilities of its clients. The core of its offering is an intelligent payment and collection business, which serves as the entry point for its broader services. This is delivered through a SaaS service system branded as "Weixiaobao". In 2021, the company expanded its portfolio to include a digital insurance supply chain SaaS service platform under the brand "Weiyunbao", targeting brokerage agencies and independent agents. A third brand, "Weirongbao", facilitates asset securitization for policy-pledged loans for small and medium-sized insurance companies. Furthermore, Vbao provides private deployment of digital transaction software.
Vbao's platforms aim to provide integrated and fast transaction and account management solutions for insurance companies. Key products include an insurance premium management platform, investment and trading software, and an insurance account management system. The company has processed a significant volume of transactions, with its payment business reportedly handling over 300 billion RMB annually as of 2023. Vbao has secured several rounds of funding, including a Series B1 round in December 2021. Its investors include notable firms such as Sinosoft, JCP Capital, and Yunhe Capital.
Keywords: InsurTech, FinTech, SaaS, digital transaction services, insurance technology, asset management software, payment solutions, insurance premium management, investment software, account management systems, Beijing Webao Technology, policy-pledged loans, asset securitization, digital insurance supply chain, insurance brokerage tools, China InsurTech