The CEO of InsurTech 50 star Tapoli intends to increase the company’s workforce to 50 by 2024.
Janthana Kaenprakhamroy co-founded the company with Sam Hopkins in 2016 to provide tailored corporate insurance for SMEs and freelancers in the gig economy.
It also now provides a SaaS API solution to connect insurers with their distribution partners to facilitate communication, data transfer and automation.
“I currently have a team of 10 employees technology, business, finance and marketingbut we are looking to increase our staff to 50 employees by 2024 in line with our business growth plans, ”he tells BusinessCloud.
Kaenprakhamroy she grew up in a farming family in Thailand “where education was difficult to access and women were not particularly encouraged to entrepreneurship”. Despite this, her dream has always been to get a good education and eventually go to college.
“I moved from Thailand to Sweden when I was 13 to finish school, then I came to London, initially for a vacation, but I fell in love with the city and stayed to go to university,” she explains.
“One of the main challenges I had to overcome was learning new languages and navigating while working in different countries with different cultures. I am very proud to be the first person in my family to graduate from college and to have worked hard to build my career to where I am today. “
Before founding Tapoly, he had a successful career in investment banking with Deutsche Bank and JP Morgan Chase, on the rise to become director of internal audit at UBS. “I always knew I wanted to run my own business as I really liked the idea of being my own boss and building my elite team,” she acknowledges.
“The idea for Tapoly came to me in 2016 when I decided to rent my apartment through Airbnb. I needed an insurance policy that would protect my property, my guests and myself from the risks of doing business, while providing the kind of short-term flexibility that the sharing economy thrives on, but I couldn’t find one anywhere. “
She was motivated to use technology to offer tailor-made insurance products to the then 2.2 million freelancers and micro-SMEs in the UK, providing coverage that encompasses their unique businesses at a fair price.
The number of gig economy workers has risen to 4.4 million in the UK, a 2.5-fold increase from 2016.
“Many gig workers are forced to work in precarious conditions and receive lower pay,” he says. “Last year the government issued a landmark ruling to give 70,000 private Uber drivers a minimum wage, vacation and pension. However, many gig economy companies still regard their workers as self-employed contractors and refuse to offer them basic rights.
“This doesn’t seem to slow the growth of the gig economy, so it looks like it will continue.”
Listed by Forbes as the number 6 of the 100 most important female founders to watch, Kaenprakhamroy has had to strive for success in a male-dominated industry. In fact, it’s a rarity in her meeting rooms.
“I constantly see how few women there are in our offices and meeting rooms. Insurance business is based on relationships, so it hasn’t always been easy to break in as a newcomer, “she says.” Once I gained recognition and trust, I was made to feel welcome.
“I am grateful that I never felt that I had to avoid becoming an InsurTech entrepreneur because of my gender. This is a mindset I want to instill in the next generation of female tech leaders.
“However, structural changes still need to be made to break down barriers and diversify the workforce, including increasing the amount of funding available, more mentoring opportunities and better access to education and training.”
She doesn’t believe her nationality plays a major role in how people view her. “However, there are some aspects of the social and cultural barriers that I feel I need to overcome to fit in and be a part of society here,” she warns. “This was most evident when I first arrived in this country and today it is not a problem.
“That said, gender barriers still largely exist in most male-dominated industries such as insurance. But the industry is aware of this and there are several organizations with initiatives on the way to bridge these gender and diversity gaps. “
Tapoly is expanding into North America and emerging markets as part of its growth plans for the next 12 months.
“We are launching the first reinsurance platform for cannabis insurance and an insurance platform for construction workers in the Green Energy space,” he says. Kaenprakhamroy. “These projects are estimated to be worth over $ 1.6 billion in market value.
“We have partnered with elite partners in these regions for rapid growth and local knowledge. Tapoly’s platform will bring both operational efficiency and scalability, enabling our partners to gain competitive advantage and economies of scale ”.
With less than two-thirds of a £ 2 million funding round raised so far, all interested investors should contact the company at [email protected]
The CEO of Tapoly “rare” plans to increase the headcount five times
Source link The CEO of Tapoly “rare” plans to increase the headcount five times