CarePay International, a Nairobi-based healthtech e-payment platform received the sum of $300,000 from participating in the Entrepreneurs for Resilience competition held in Beijing. CarePay won the global competition that involved 200 companies from around the world. This comes as an addition to the €40 million secured from a Series A seed funding round it raised in May 2019.
CarePay provides online payment technology solutions for healthcare through their M-TIBA platform. The mobile app connects patients, financial and health providers to facilitate healthcare payments. It has about 4 million active users and 1200 healthcare facilities are registered on the M-TIBA Kenya platform.
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Funds can be sent as remittances from the patient’s family member, employer or donors to the hospital via the mobile app. The goal is to drive healthcare inclusion through mobile technology in Africa. CarePay also appointed Kees van Lede as CEO and Maarten Ras as Commercial Director of CarePay Africa Region.
CarePay International is operational in Amsterdam, Nigeria, and Kenya. The grant will be used to fund the expansion of its mobile health payment platform to Nigeria and establish a branch in Tanzania. Some of their plans include the acquisition of more healthcare providers to its M-Tiba platform, develop software and organize nationwide sensitization programs on Universal Health Coverage.
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