CarePay has developed a mobile health benefit platform, named M-TIBA in Kenya, that has the potential to fundamentally change healthcare. We are a data-driven company operating in Kenya, Nigeria, Tanzania and with headquarters located in Amsterdam.
The platform digitally connects patients, health payers (e.g. insurers, governments) and healthcare providers to one platform. We believe that through mobile technology everyone can be connected to health insurance against very low marginal costs. Our platform enables people to access health insurance schemes and pay for healthcare efficiently and transparently via a user-friendly health wallet on their mobile phone. Using our digital platform leads to reduced costs, creates huge data value, and enhances transparency and accountability.
So far, we have enrolled over 4.7 million people and have connected more than 3,000 healthcare providers. Since the start, CarePay has gained international traction. In 2017, CarePay won the FT/IFC Transformational Business Award and in 2018 CarePay was recognized as Technology Pioneer by the World Economic Forum. In 2019, CarePay won the Swiss Re Entrepreneurs for Resilience award. In 2020, CarePay was selected as one of the pioneering use cases of Europe’s GAIA-X cloud platform and has been listed together with Safaricom in Fortune’s Change the World top 10, alongside companies like Zoom and Alibaba.
In April 2019, CarePay International raised $ 45 million in a Series A financing round to facilitate the expansion to other countries. CarePay’s shareholders are social impact investors Investment Funds for Health in Africa (IFHA), ELMA Investments and the Dutch government through the Health Insurance Fund.
The platform digitally connects patients, health payers (e.g. insurers, governments) and healthcare providers to one platform. We believe that through mobile technology everyone can be connected to health insurance against very low marginal costs. Our platform enables people to access health insurance schemes and pay for healthcare efficiently and transparently via a user-friendly health wallet on their mobile phone. Using our digital platform leads to reduced costs, creates huge data value, and enhances transparency and accountability.
So far, we have enrolled over 4.7 million people and have connected more than 3,000 healthcare providers. Since the start, CarePay has gained international traction. In 2017, CarePay won the FT/IFC Transformational Business Award and in 2018 CarePay was recognized as Technology Pioneer by the World Economic Forum. In 2019, CarePay won the Swiss Re Entrepreneurs for Resilience award. In 2020, CarePay was selected as one of the pioneering use cases of Europe’s GAIA-X cloud platform and has been listed together with Safaricom in Fortune’s Change the World top 10, alongside companies like Zoom and Alibaba.
In April 2019, CarePay International raised $ 45 million in a Series A financing round to facilitate the expansion to other countries. CarePay’s shareholders are social impact investors Investment Funds for Health in Africa (IFHA), ELMA Investments and the Dutch government through the Health Insurance Fund.
Location: Netherlands, North Holland, Amsterdam
Employees: 51-200
Total raised: $55.94M
Founded date: 2014
Funding Rounds 2
| Date | Series | Amount | Investors |
| 24.09.2024 | - | $11.11M | - |
| 14.05.2019 | - | $44.83M | - |
Mentions in press and media 27
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| 24.09.2024 | The Climate Conundrum: Governments' Subsidies Fueling Environmental Destruction | In a world grappling with climate change, the paradox of government subsidies is stark. Despite global pledges to protect the environment, financial support for harmful industries has surged. The numbers are staggering. Since 2022, governme... |
| 24.09.2024 | CarePay Raises €10M in Funding | CarePay International, an Amsterdam, The Netherlands based provider of next-generation health insurance platforms, raised €10m in funding. Backers included Reinsurance Group of America (RGA) and the Health Insurance Fund (HIF), a fund suppo... |
| 09.07.2024 | Healthcare focused fintech startup Care.fi raised $2.6 M Debt funding | Care.fi is a fintech startup that focuses on healthcare. Trifecta Capital has contributed $2 million (Rs 16 crore) in debt capital, and UC Inclusive Credit has contributed an additional $0.6 million (Rs 5 crore). According to a press releas... |
| 08.07.2024 | Care.fi Raises $2.6 Million From Trifecta Capital, UC Inclusive Credit | Care.fi, a healthcare focused fintech startup has secured $2 million in debt capital from Trifecta Capital as well as an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit. As per the startup, the funding will be used to scale it... |
| 24.06.2022 | Nigerian Startup wins Visa Everywhere Initiative 2022 for Central Europe, Middle East, and Africa Region | Technology-driven agricultural start-up, ThriveAgric, has emerged as the winner of Central Europe, Middle East, and Africa (CEMEA) Visa Everywhere Initiative (VEI), a global innovation program and competition for start-ups and fintech compa... |
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| 31.03.2022 | USSD and bank apps, understanding funding rounds and DStv prices | Share this article: Over the years, Samsung phones have been revered for their high performance and premium build quality. In the third quarter of 2021, Samsung had the highest market share — 20% — of the global smartphone market, followed ... |
| 30.03.2022 | Why Y Combinator is interested in East and North Africa | Share this article: Hello there, Today, I’ll be discussing: Why Y Combinator is interested in East and North Africa CredPal’s bridge round Disney+’s launch in South Africa Why Y Combinator is interested in East and North Africa Paystack CEO... |
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