# Smallticket

> Safe and happy living through technology\-driven insurance solutions for mobility and pets

## At a glance

| Field | Value |
| --- | --- |
| Category | Specialty Solutions |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Seoul, South Korea |
| Founded | 2016 |
| Stage | Startup |
| Employees | 11-50 |
| Funding | Seed |

## Overview

Smallticket is a Korean insurtech platform founded in 2016 that provides on-demand insurance products for the gig economy and pet owners, serving consumers and insurance carriers through embedded technology integrations. The company uses experience-based risk data to create insurance solutions tailored to rapidly evolving lifestyle segments, operating primarily in South Korea.

The platform delivers two core product lines: hourly-billed mobility insurance for two-wheeled vehicles and ride-sharing drivers, and a pet health and insurance application called Petting. Both products are embedded within partner ecosystems -- mobility insurance through food delivery and car-sharing platforms, and pet insurance through a direct-to-consumer mobile app. Smallticket provides risk analytics and brokerage infrastructure that connects partner platforms to major Korean carriers including KB Insurance, Samsung Insurance, and Hyundai Marine & Fire Insurance.

As of mid-2023, the mobility insurance product had accumulated over 15 million usage hours and the Petting app had surpassed 160,000 downloads. The company has raised USD 1.33 million in seed funding from eight investors including Insight Equity Partners, Kyobo Lifeplanet Life Insurance, Seoul Fintech Lab, and Tenity. Smallticket has received regulatory recognition from Korea's Financial Services Commission through its sandbox program designation for innovative financial services.

## Products & services

### Mobility Insurance

On-demand hourly insurance coverage for two-wheeled vehicles including motorcycles, scooters, and bikes, as well as commercial ride-sharing and food delivery vehicles. Launched in November 2019 in partnership with Baemin and KB Insurance, the product enables gig economy workers to purchase coverage by the hour rather than through traditional monthly or annual policies. The platform integrates directly with partner apps to offer insurance at the point of need.

**Key features:**

- Hourly\-billed coverage for motorcycles, scooters, and bikes
- Integration with food delivery and ride\-sharing platforms
- Risk analytics dashboard for platform operators
- Quote comparison across multiple Korean carriers

*Target users:* Gig economy workers, food delivery drivers, ride\-sharing platform operators

### Petting \-\- Pet Lifestyle Platform

A mobile application combining pet health management tools with pet insurance. The platform offers exercise tracking, nutrition guidance, health monitoring, and integrated insurance coverage. Launched in January 2021 and selected for the Korea Financial Services Commission sandbox program, the app had been downloaded over 160,000 times with more than 1 million cumulative usage hours as of July 2023. A reward-based membership program encourages ongoing engagement.

**Key features:**

- Pet health tracking \(exercise, nutrition, health monitoring\)
- Integrated pet insurance coverage
- Community features and reward\-based membership
- FSC\-approved innovative financial services designation

*Target users:* Pet owners in South Korea

### Risk Analytics and Brokerage Services

Data-driven risk analytics and brokerage infrastructure for food delivery platforms and commercial auto operators. Provides risk management dashboards and carrier connectivity, enabling platform operators to offer insurance products to their users and manage aggregate risk exposure.

**Key features:**

- Risk analytics dashboards for platform operators
- Multi\-carrier quote comparison and binding
- Integration APIs for partner platforms

*Target users:* Mobility platform operators, food delivery companies

## Category & focus

- Subcategories: On\-Demand Insurance, Embedded Insurance, Pet Insurance, Mobility Insurance
- Insurance verticals: P&C Personal, Specialty/E&S
- Target customers: Consumers, Carriers

## Notable customers

- Baemin \(food delivery platform\)
- Yogiyo \(food delivery platform\)
- SoCar \(car\-sharing platform\)

## Links

- Website: <https://www.smallticket.com>
- Directory profile: <https://insurtechlist.com/companies/smallticket/>
- Careers: <https://www.smallticket.com/recruit>
- Linkedin: <https://www.linkedin.com/company/smallticket>
- Instagram: <https://www.instagram.com/smallticket/>
- Mobility platform: <https://mobility.smallticket.com>

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*Last updated: 2026\-05\-18*