Care.fi, a health-focused fintech startup, has raised Rs 8 crore in debt capital, securing Rs 5 crore from Wint Wealth and Rs 3 crore in impact debt capital from Caspian.
The Gurugram-based company had already raised $2 million (Rs 16 crore) in debt capital from Trifecta Capital, along with another $0.6 million (Rs 5 crore) from UC Inclusive Credit ago three months.
The new funds will be used to increase its market presence and invest in improving healthcare fintech, especially to optimize the operational part of hospital management, Care.fi said in a press release.
Co-founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi is a fintech company providing smart financing solutions to hospitals, doctors and related providers. It addresses funding gaps within the health sector. The company serves the financial needs of healthcare professionals and institutions, facilitating smoother operations and accelerated growth.
According to Care.fi, she currently works with over 50 hospitals and has helped over 2,000 patients. It claims its total disbursements have increased 4 times, with cumulative disbursements of $48 million (Rs 400 crore) last year.
Care.fi also received an NBFC license within two years of its operation. Other major players in this space are CarePay, SaveIn and Bajaj Finserv Health.