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Papaya

Papaya is the first lightweight, scalable digital Third Party Administrator for health insurance in Vietnam.

FinTech

Startup Description

Established in 2018 by Hung Phan and Khai Nguyen, Papaya has emerged as a leading healthtech company in Vietnam. Their mission is two-fold: to improve the health and well-being of employees while simultaneously streamlining benefits administration for corporate clients. Papaya achieves this by leveraging a unique blend of technological expertise and comprehensive experience within the Vietnamese insurance sector.

Papaya's core offering centers around a digitized platform designed to optimize processes and introduce automation for insurance companies. This innovative platform facilitates a direct connection with insurance providers, enabling features such as electronic claims processing and the implementation of automated fraud detection functionalities. Furthermore, Papaya offers a suite of digital agent solutions and employee benefit programs, ensuring a holistic approach to corporate wellness initiatives.

Papaya's commitment extends beyond technological innovation. They have established a robust network of healthcare partners spanning 55 Vietnamese provinces, continually expanding their reach to meet the growing demands of insurance companies. This dedication to accessibility is further reflected in their impressive customer base, with over 142,000 unique members currently enrolled in their programs. Strategic partnerships with leading insurance companies such as PTI, FWD, Bao Minh, and MBAgeas solidify Papaya's position as a trusted provider within the Vietnamese health insurance landscape. By offering comprehensive employee healthcare solutions, Papaya positions itself as a transformative force, shaping the future of corporate wellness programs and employee benefits management in Vietnam.

Startup  Details

Venture Round

Seed

Website

Address

6th Floor, Dreamplex Building, 195 Dien Bien Phu, Ward 15, Binh Thanh, Ho Chi Minh City

Investors

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