Healthcare Fintech Platform Care.fi Secures USD 8 Mn Funding
The USD 8 million round included USD 5 million in equity led by July Ventures with participation from Peak XV Partners, Accion Venture Lab, and Sadev Ventures, along with USD 3 million in debt financing from Trifecta and Vivriti.
[L-R] Vikrant Agarwal and Sidak Singh, Co-founders of Care.fi
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Healthcare-focused fintech platform Care.fi has raised USD 8 million in a Series A funding round comprising both equity and debt.
The equity portion of USD 5 million was led by July Ventures, with participation from Peak XV Partners, Accion Venture Lab, and Sadev Ventures.
The round also included USD 3 million in debt financing from Trifecta and Vivriti. In March last year, the company had secured INR 7.5 crore in debt from Vivriti Capital.
Founded in 2021 by Sidak Singh and Vikrant Agrawal, Gurugram-based Care.fi operates as a non-banking financial company (NBFC) focused on the healthcare sector. It provides financial products such as invoice discounting, working capital loans, supply chain financing, and revenue cycle management solutions for hospitals, doctors, and vendors.
The startup has developed an AI-powered revenue cycle management (RCM) platform called RevNow. The platform helps hospitals manage documentation, coding, insurance claims processing, and collections.
According to the startup, RevNow enables faster claim settlements within three to five days after patient discharge and reduces discharge time through automated billing and approvals. Care.fi said its systems are integrated with government schemes such as Ayushman Bharat as well as private insurance programmes.
The newly raised funds will be used to expand into cities including Jaipur, Lucknow, and Chandigarh, and to support international expansion in the US and the Middle East. The brand also plans to strengthen its AI-based healthcare operating system.
Care.fi reports handling over 1.5 lakh patient claims and working with hospitals such as Aster, Sir Ganga Ram, Manipal, and Apollo. Its workforce currently stands at around 250 employees, with plans to hire 500–600 more.
Its competitors include SaveIN, Medikabazaar, and Arogya Finance.
Healthcare-focused fintech platform Care.fi has raised USD 8 million in a Series A funding round comprising both equity and debt.
The equity portion of USD 5 million was led by July Ventures, with participation from Peak XV Partners, Accion Venture Lab, and Sadev Ventures.
The round also included USD 3 million in debt financing from Trifecta and Vivriti. In March last year, the company had secured INR 7.5 crore in debt from Vivriti Capital.
