Amsterdam-based CarePay has raised €5M in new funding from Invest International, building on previous investments from RGA and HIF. Founded in 2015, CarePay provides a health insurance management platform that digitizes and personalizes operations for insurers, leveraging real-time data and AI to streamline processes like claims and fraud detection. The platform notably operates in East Africa and the MENA region, achieving up to 15% lower healthcare costs and significantly faster provider payments. The investment will help expand their offerings into the Middle East, emphasizing the need for digital transformation in healthcare insurance management.
CarePay makes health insurance more affordable, accessible, and personalised-particularly in countries where the healthcare insurance landscape is fragmented.
Digital and AI transformation in health insurance is no longer optional-it's a must. This investment helps us support insurers in building smarter, more profitable portfolios.
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