QubeHealth (“Qube”), a healthcare payments company has topped-up its Pre-Series-A round with investments led by the Inflection Point Ventures, Green Ivy Ventures and other Family Investment offices. Keiretsu Forum and other existing shareholders of the company, also added to the undisclosed funding amount.
Speaking on the funding, Chris George, Co-Founder & CEO, Qube said, “Qube is changing the way Indians pay for their family’s healthcare. Integrating payment methods, no-cost medical loans, an open network of healthcare providers, we are on a mission to make healthcare payments, frictionless. This funding round adds to our pre-series-A corpus and gives us a runway of up to two years, while setting us up for our upcoming Series-A.”
Qube, offers a payments system and healthcare credit line to employees of companies that sign up to its QubeHealth-Credit product. Offered as a complement to the group health insurance policy provided by employers.
The Company stated that they do not disclose funding amounts, but claimed that it has already activated Rs. 1000 Crore of medical credit to over 2 lakh employees of 270 corporates in India. In the next three years the company expects to deploy Rs. 3000 Crore in medical credit, enabling quick payments via its mobile app to any hospital or clinic in the country