Saphron

AI-powered microinsurance platform enabling digital enrollment, policy management, and claims for underserved markets in Southeast Asia

Insurtech Infrastructure Startup Seed

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Overview

Saphron is a microinsurance technology platform for microinsurers and financial inclusion organizations operating in Southeast Asia. The company builds software tools that enable microinsurance providers to enroll clients, manage policies, and process claims digitally, replacing manual paper-based workflows that are costly and slow.

The core product, NAN.AI, is an AI-powered SaaS platform designed for grassroots microinsurance agents. The platform applies optical character recognition (OCR) and natural language processing (NLP) to automate data extraction from handwritten forms, and targets a 10-10-1 efficiency model: insurance products priced at USD 10, processing costs at USD 0.10, and client enrollment completed in one minute. The platform was built to run on mobile devices using applications agents already use, such as Facebook, reducing the technology barrier for non-technical field agents.

Saphron raised a USD 1M seed round in 2019 from Sage Venture Partners and Talino Labs. Its flagship deployment is with CARD Pioneer Microinsurance Inc. in the Philippines, with a stated goal of onboarding one million microinsurance policies through NAN.AI. In 2020, the company was selected for the ING-UNICEF Fintech for Impact program alongside four other Philippine fintech startups.

Products & Services

NAN.AI

NAN.AI is an AI-powered microinsurance platform designed for grassroots field agents distributing microinsurance products in Southeast Asia. The platform automates client enrollment, policy administration, and claims initiation through a mobile-accessible interface.