London-based BIMA secures €25.3 million to drive mass adoption of digital health and insurtech solutions in emerging markets
Summary
The new capital will allow the company to expand its product offering, scale its capabilities as demand continues to increase and deepen its footprint in Asia and Africa. Gustaf Agartson, founder and CEO at BIMA, said: “The onset of COVID-19 has brought home the value of telemedicine, to help prevent the spread of disease, and the importance of insurance, for peace of mind. Through digital solutions, and a human touch, we’ve been able to serve hard to reach communities with tools and services that bring them a sense of security at such a challenging time. The funds we have raised will allow us to expand our operations and further invest in our product offering that will help us scale quickly to meet the unprecedented demand for our services.” Dennis Cong, managing partner at CEFIF, commented: “We are very impressed by BIMA’s innovative integration of micro insurance and tele-doctor services, which provide critical coverage to meet large unmet demand in emerging markets, and whose value is accentuated further by the current pandemic. BIMA’s unique digital capabilities empower emerging market consumers to access many health and insurance services on a single, easy to use platform.
Funding
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