Care.fi, a fintech startup dedicated to transforming the healthcare sector, has recently raised ₹8 crore in debt funding. This funding includes Rs 5 crore from Wint Wealth (Ambium Finserve) and an additional Rs 3 crore from Caspian. The company focuses on providing innovative financing solutions tailored specifically for the healthcare industry.
Growth and Funding Impact
Sidak Singh, co-founder of Care.fi, expressed optimism about the company’s future, stating, “Since our inception, we have witnessed remarkable growth, and this funding will help us scale our book size further. Last financial year, we achieved a 4x growth in total disbursals, reaching cumulative disbursals of Rs 400 crore. This brings us a step closer to effecting necessary changes in the health-fintech space.”
Care.fi aims to address the pain points experienced by patients and healthcare providers, particularly in optimizing operational processes related to insurance claims. By streamlining these processes, Care.fi enables healthcare providers to focus on patient care while managing the complexities of financial operations.
Achievements and Future Focus
In just two years of operation, Care.fi has achieved a significant milestone by obtaining an NBFC (Non-Banking Financial Company) license. Vikrant Agrawal, co-founder, shared the company’s current focus: “We are concentrating on two major building blocks—strengthening our team with the right talent and expanding our business. We currently collaborate with over 50 renowned hospitals and have assisted 2,000+ patients with their claims.”
The recent funding will not only enhance Care.fi’s market presence but also support its mission to improve healthcare fintech by optimizing hospital management operations. The startup aims to create a seamless ecosystem where healthcare providers can concentrate on delivering quality care while Care.fi handles operational challenges.
With this new capital infusion, Care.fi is poised to continue its upward trajectory in the healthcare fintech space, aiming to make healthcare financing more accessible and efficient for both patients and providers.
