Amsterdam-based CarePay International, which uses AI to digitize and personalize health insurance, has secured €5 million in funding from Invest International.
- CarePay International, founded in 2015, develops an AI-powered health insurance management platform that digitizes and personalizes the entire insurance lifecycle.
- The platform connects members, payers, and healthcare providers in real time, enabling efficient claims processing, fraud detection, and personalized care insights.
- According to the startup, it has resulted in 15% lower healthcare costs, double the Member Net Promoter Score (NPS), and 95% faster provider payments.
Details of the deal
- The fresh round was backed by Invest International, a Hague-based investemnt firm which finances and supports Dutch startups that drive sustainable global impact and contribute to the SDGs.
“CarePay makes health insurance more affordable, accessible, and personalized—particularly in countries where the healthcare insurance landscape is fragmented. We’re proud to support a company that is transforming healthcare access with Dutch tech at its core," claims Eelco Benink, Head of Equity of Invest International.
- With the fresh €5 million in funding, CarePay International plans to further scale its AI-powered health insurance platform and expand its presence in the Middle East.
“Digital and AI transformation in health insurance is no longer optional, it’s a must. This investment helps us support insurers in building smarter, more profitable portfolios. It means better access to care and more personalized solutions for members," CEO of CarePay, Pieter Prickaerts, stated.
