Care.fi, an innovative fintech startup focused on healthcare, aims to offer intelligent financial solutions to the healthcare industry. It recently secured INR 8 Crore in debt funding, with INR 5 Crore from Wint Wealth (Ambium Finserve) and INR 3 Crore in impact debt funding from Caspian. This investment will support the firm’s goal of establishing India’s first healthcare-focused Small Finance Bank, a vision the firm is eager to realise.

Sidak Singh, co-founder of Care.fi, mentioned that the company has experienced significant growth since its establishment, and this funding will assist in expanding its loan portfolio.

In the previous financial year, total disbursements grew 4 times, reaching a cumulative disbursement of INR 400 crores. This brings us closer to effecting the necessary change in the health-fintech sector.

At Care.fi, they deeply understand the challenges faced by the market and patients. Our solutions are crafted to enhance operational efficiency, particularly in the realm of insurance, at a time when patients are keen to settle payments and go back home.

The aim is to enable healthcare providers to concentrate on delivering healthcare by addressing their operational challenges or streamlining operational processes. This will allow providers to focus on patient care while they manage operational and financial complexities.

It can be observed that it is now evolving as a rapidly growing ecosystem, and they aspire to continue enhancing it.

Vikrant Agrawal, co-founder at Care.fi said “Our focus currently is on two major building blocks, i.e. strengthening the team with the right talent and focusing on expansion and growing the business. We are currently working with more than 50+ renowned hospitals and have helped 2,000+ patients with their claims. This funding will help us further increase our presence in the market and invest in the betterment of healthcare fintech especially for optimizing the operational end of hospital management”.

Care.fi obtained a non-banking financing company (NBFC) license within two years of commencing operations. This accomplishment underscores the company’s dedication to transforming healthcare financing in India.

Established in 2021 by Vikrant Agrawal and Sidak Singh, Care.fi is a fintech startup committed to bridging financial divides in the healthcare sector.

The company specialises in innovative financing solutions customised for healthcare professionals and institutions, facilitating their expansion and operational effectiveness. Care.fi seeks to transform healthcare financing through products like CareCred, simplifying financial processes for improved business management.

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