Tuesday
September 8
2020

BIMA Nabs $30 Million More for Micro- Health and Life Insurance Aimed at Emerging Markets

By Ingrid Luden

The coronavirus global health pandemic — and the new emphasis on social distancing to slow down the spread of COVID-19 — has put healthcare and tech services used to enable healthcare remotely under the spotlight. Today a startup that’s building microinsurance and healthcare services specifically targeting emerging markets is announcing a round of funding to meet a surge in demand for its services.

BIMA, a startup that provides life and health insurance policies, along with telemedicine to support the latter, all via a mobile-first platform targeting consumers in emerging markets whose primary entry point to online services is via phones, not computers, is today announcing that it has raised $30 million in funding, a growth round that the Stockholm/London-based startup plans to use to double down on its health services in the wake increased demand around COVID-19.

The company currently provides telemedicine as a service connected to its health insurance, and it has expanded to include health programs for managing illnesses and offering discounts for pharmacies, and the plan seems to be to bring more services into the mix.

Photo courtesy of Simon Berry.

Source: TechCrunch (link opens in a new window)

Categories
Coronavirus, Health Care, Investing
Tags
coronavirus, emerging markets, health care, healthcare technology, impact investing, microinsurance, startups