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§ Private Profile · Gurgaon, Haryana, India
Health insurance technology platform helping insurers and Third-Party Administrators digitize end-to-end operations for emerging and frontier markets.
CarePay is an Amsterdam-based health insurance technology platform that digitizes end-to-end operations, automates claims processing, and detects fraud for insurers and third-party administrators across emerging and frontier markets. The company provides a comprehensive health insurance operating system that currently connects a network of more than 4.8 million individuals and over 5,000 healthcare providers with 20 distinct payer organizations. Operating primarily throughout East Africa and the broader Middle East and North Africa region, the firm generates revenue by licensing its proprietary software infrastructure. CarePay is backed by prominent institutional investors including Reinsurance Group of America, Invest International, and the Health Insurance Fund, having secured a €40 million Series A round in 2019 followed by a €5 million investment in April 2025. The organization was founded in 2015 by Kees van Lede in initial partnership with Safaricom and the PharmAccess Foundation.
CarePay has raised $850K across 1 funding round.
CarePay has raised $850K in total across 1 funding round.
CarePay has raised $850K in total across 1 funding round.
CarePay's investors include 77 Capital, Amplify Partners, Bharat Founders Fund, GSF, Powerhouse Ventures, Untitled Ventures.
CarePay has raised $850K across 1 funding round. Most recently, it raised $850K Pre-Seed in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 21, 2024 | $850K Pre Seed | — | 77 Capital, Amplify Partners, Bharat Founders Fund, GSF, Powerhouse Ventures, Untitled Ventures | Announced |