Care.fi, a fintech company with a focus on healthcare, has raised Rs 8 crore in debt capital. Wint Wealth contributed Rs 5 crore, and Caspian contributed Rs 3 crore.
The Gurugram-based business had previously raised debt capital from Trifecta Capital for $2 million (about Rs. 16 crore) and from UC Inclusive Credit for an additional $0.6 million (about Rs. 5 crore) three months prior.
According to a press release from Care.fi, the new funding will be utilized to expand the company’s market share and make investments in healthcare fintech, particularly to optimize hospital management’s operational side.
Care.fi is a fintech startup that was co-founded in 2021 by Sidak Singh and Vikrant Agarwal. It provides hospitals, physicians, and associated suppliers with intelligent financing options. It fills in the financial gaps in the healthcare sector. The organization provides financial support to healthcare practitioners and establishments, enabling more efficient operations and quicker expansion.
As per Care.fi, it has assisted over 2,000 patients and is presently collaborating with over 50 hospitals. It states that with cumulative disbursals of $48 million (Rs 400 crore) last year, its total disbursals increased by 4x.
An NBFC license was also granted to Care.fi in less than two years of business. Bajaj Finserv Health, SaveIn, and CarePay are some other significant participants in this market.
