Amsterdam’s health insurance platform CarePay bags €5M
Summary
Amsterdam-based CarePay, a health insurance management platform, has secured 5M in fresh funding from Invest International.This follows a previous investment from Reinsurance Group of America, Incorporated (RGA) and the Health Insurance Fund (HIF), which is supported by the Dutch Ministry of Foreign Affairs.Eelco Benink, Head of Equity of Invest International, says, CarePay makes health insurance more affordable, accessible, and personalisedparticularly in countries where the healthcare insurance landscape is fragmented. Were proud to support a company that is transforming healthcare access with Dutch tech at its core.Founded in 2015, CarePay enables health insurers and third-party administrators to digitise and personalise their full operational processes. It supports functions across pricing, products, member interactions, and care access.The platform uses real-time data and AI to automate claims processing, identify fraud, and extract insights into member behaviour and needs.CarePay connects payers, providers, and members in real time. Reported results include lower healthcare costs by up to 15 per cent and provider payments processed 95 per cent faster.CarePay is growing its presence beyond Sub-Saharan Africa, with new operations underway in the Middle East.The companys platform supports real-time portfolio management for health insurers and meets data and security standards, including GDPR compliance and ISO 27001 certification.Pieter Prickaerts, CEO of CarePay, says, Digital and AI transformation in health insurance is no longer optionalits a must. This investment helps us support insurers in building smarter, more profitable portfolios.