Microshots 🚀’s Post

BharatX expands into healthcare finance with acquisition of Zenifi “We have been working with Zenifi that is addressing this problem head-on by providing realistic and affordable solutions. This acquisition will allow BharatX to go deeper into the healthcare vertical where currently no fintech or traditional players are able to disburse credit instantly, which is critical in emergency healthcare,” said Mehul Nath J., CEO, BharatX. #FintechNews #HealthcareFinance #MedicalLending #StartupGrowth #BharatX #Zenifi #CreditSolutions #B2BFinance #FintechStartups #HealthcareLending #InvestmentUpdates #YCombinator #BusinessAcquisition #DigitalFinance #StartupAcquisition #CreditAsAService #Healthcare #BusinessNews #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

Is healthcare financing shaping up to be the next frontier in fintech solutions? The Finance world is buzzing with cutting-edge solutions 🚀! Ashneer Grover is making a comeback in the fintech arena with ZeroPe, a cool app for medical loans 💉🔬. Partnered with Delhi's NBFC, Mukut Finvest, ZeroPe gives quick pre-approved medical loans up to Rs 5 lakh 💰. Available at select hospitals, it signifies a shift towards data-powered healthcare financing 💾. ZeroPe is part of the new wave of digital startups focusing on user needs and data-driven answers. It shows how tech is reshaping traditional sectors as we head towards a future driven by digital innovation. India's digital healthcare market is projected to hit $37 billion by 2030, pointing to a trend we'll see more of. Which other industries do you think could use a digital makeover? #FintechBuzz #ZeroPe #DigitalInnovation #HealthcareRevolutio #nitish

Indian fintech Care.fi raises $2.6 million to disrupt financial services in the healthcare market #CareFi, a healthcare-focused #fintech startup, has successfully raised $2.6 million in funding, comprising $2 million in debt capital from Trifecta Capital and $600,000 from UC Inclusive Credit. The latter is a non-banking financial company supported by Aarin Capital and TV Mohandas Pai. This new influx of capital is set to scale Care.fi’s operations, enhance its business model, and strengthen its team. Founded in 2021 by Sidak Singh and Vikrant Agrawal, Care.fi aims to revolutionize the healthcare finance sector by providing smart financing solutions to hospitals, doctors, and allied suppliers. Their flagship product, CareCred, allows hospitals to secure finance against their invoices with real-time payment updates and autopay features, alleviating the manual repayment burden. This innovation addresses significant financial gaps within the healthcare industry, ensuring smoother operational processes, particularly crucial during insurance transactions when patients are eager to complete payments and return home. The startup has already made substantial progress, partnering with over 50 hospitals and assisting more than 2,000 patients with their claims. With total disbursals increasing fourfold in the last financial year, reaching a cumulative $48 million, Care.fi is well-positioned for further growth. The co-founders are optimistic about the future, with plans to utilize the new funds for business expansion and talent acquisition, setting the stage for achieving new milestones and solidifying their presence in the healthcare finance market. This latest funding round underscores investor confidence in Care.fi’s innovative approach but also highlights the critical role fintech solutions can play in addressing financial inefficiencies within the healthcare sector. The article on Indian Startup News in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

🚀 Myth Buster: Fintech Visionary Ashneer Grover Re-Entering the Game With ZeroPe! 🏥 💡 Myth: Ashneer Grover's move from BharatPe to ZeroPe is a step away from fintech innovation. 📊 Fact Points: - Ashneer Grover, renowned co-founder of BharatPe, is all set to revolutionize the medical loan landscape with ZeroPe! 💪💸 - ZeroPe aims to bridge the gap between healthcare costs and affordability, providing seamless medical loans for individuals in need. 🏥💰 - With his unparalleled expertise in fintech, Ashneer is leveraging his vision to make quality healthcare accessible to all. 💡🌍 🧐 So, why the transition? - Ashneer recognizes the pressing need to address the financial burden associated with medical treatments. 💔💰 - By combining fintech and healthcare, he's creating an innovative platform that will empower individuals to prioritize their well-being without the worry of exorbitant medical bills. 👩⚕️💳 📣 Opinion: Ashneer Grover's move to ZeroPe showcases his unwavering commitment to transforming industries and improving lives. His dedication to fintech innovation knows no bounds! 💼💡 🔍 Curious to learn more about the future of medical loans? Stay tuned for updates on Ashneer's groundbreaking venture! 🚀✨ #FintechInnovation #HealthcareRevolution #AshneerGrover #ZeroPe #MedicalLoan #FintechInnovation #HealthcareRevolution #AshneerGrover #ZeroPe #MedicalLoan #ReachifyMe

Care.fi, a healthcare focused fintech startup has secured $2 million in debt capital from Trifecta Capital as well as an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit. 🌟 Key Highlights: As per the startup, the funding will be used to scale its book size, expansion, enhancing the business, and strengthening the team size. About Care.fi: Co-founded by Sidak Singh and Vikrant Agarwal in the year 2021, Care.fi is a fintech company offering smart financing solutions to hospitals, doctors, and allied suppliers. It helps to bridge the gaps in funding within the healthcare industry. The company addresses the financial needs of healthcare professionals and institutions, facilitating smoother operations and accelerated growth. Visit the link to read the detailed news piece: https://lnkd.in/gy4ddvmu #startup #funding #news #startupfunding #latestnews #news #care.fi #healthtech #health

“Fintech unicorn InCred Financial Services posts 1,267 Cr revenue and Rs 316 Cr PAT in FY24” InCred has demonstrated phenomenal progress over the last two fiscal years, with revenue scaling 2.6X, rising to Rs 1,267 crore in FY24 from Rs 488 crore in FY22. Additionally, the company’s profit spiked over 10X during the same period. 🔹 Revenue from Operations: Grew by 48% to Rs 1,267 crore in FY24, up from Rs 856 crore in FY23. Interest from loan disbursements formed 94% of this revenue, reaching Rs 1,193 crore with a 45% increase. 🔹 Diverse Revenue Streams: Fees, commissions, and dividends contributed significantly. Total revenue was Rs 1,293 crore in FY24, including Rs 26 crore from other income. 🔹 Expense Management: Finance costs increased by 27.8% to Rs 455 crore in FY24, with overall costs rising by 37.4% to Rs 871 crore. Employee benefits expenses grew by 35.9%. 🔹 Profitability: Profits reached Rs 316 crore in FY24 from Rs 121 crore in FY23. ROCE and EBITDA margin improved to 5% and 34%, respectively. The company spent Rs 0.69 to earn a rupee. 🔹 Unicorn Status: Achieved unicorn status after a $60 million funding led by Ranjan Pai’s MEMG Fund. KKR is the largest external stakeholder with 31.5%, followed by B Singh Holding. 🔹 Financial Health: Total financial assets were Rs 8,120 crore in FY24, including Rs 173 crore in cash and bank balances. The enterprise value to revenue multiple stood at 6.7X #Fintech #Growth #InCred #Revenue #Profit #FinancialResults #Unicorn #Innovation #Loans #BusinessSuccess #InCredJourney

BharatX, a buy now, pay later fintech startup backed by Y Combinator, has announced the acquisition of Zenifi (Acquired by BharatX), a healthcare finance company!! 🤝 #BharatX #Zenifi #HealthcareLending #Fintech #Startup #BusinessGrowth #Investment #Technology #Innovation #Business #Expansion #India #BelieveIndia To read more in detail, click below:👇 https://lnkd.in/gPvnMpAQ

Ashneer Grover, ex-co-founder of BharatPe, unveils ZeroPe, a fintech app targeting medical loans in collaboration with NBFC Mukut Finvest. Amidst a burgeoning trend in instant financing solutions for medical expenses, ZeroPe enters the fray, backed by Third Unicorn development and recent seed funding success. As India's digital healthcare market anticipates exponential growth, Grover's strategic move aligns with projected market projections and investor confidence in the sector." Venture Details:  ZeroPe, The app offers instant pre-approved medical loans of up to Rs 5 lakh, exclusively available at partnered hospitals. Market Trend: Grover's entry into this sector aligns with a growing trend, with various startups already offering similar instant financing solutions for medical expenses, including SaveIn, Qube Health, Arogya Finance, Neodocs, Fibe, Kenko, and Mykare Health. Development Phase: ZeroPe is currently in its testing phase and has been developed by Third Unicorn, a company co-founded by Grover, his wife, and entrepreneur Aseem Ghavri. Third Unicorn initially ventured into the market with CrickPe, aiming to compete with fantasy sports platforms. Funding: Third Unicorn secured $3.5 million in seed funding led by ZNL Growth Fund, with participation from Vevek Ventures Investments and Rishaayu LLP, indicating investor confidence in the venture. Market Projection: A joint report by Boston Consulting Group and B Capital forecasts substantial growth in India's digital healthcare market, potentially reaching $37 billion in revenue by 2030, with healthcare financing estimated to contribute $5 billion to this figure. ZeroPe, aims to address the need for instant medical loans, leveraging partnerships and technological innovation. The fintech space, especially in healthcare financing, is witnessing rapid expansion, backed by significant investments and projected market growth. #zerope #fintech #insurance #finance

🚀 Ashneer Grover, former MD of BharatPe, ventures into #healthtech with ZeroPe, offering medical loans up to INR 5 Lakh. 💰🩺 Third Unicorn's latest innovation aims to simplify medical payments. #HealthTech #Innovation With ZeroPe, users can access medical loans seamlessly, thanks to partnerships with NBFC Mukut Finvest and direct payments to partnered hospitals. 💼💉 #Fintech #Partnerships Amidst competition from SaveIN and Navi, ZeroPe stands out with its focus on integrating healthtech and #fintech for streamlined medical financing. 💡💸 #Competition #Integration The convergence of #healthtech and #Fintech is reshaping healthcare payment processes in India, offering innovative solutions like ZeroPe to bridge the gap in medical #financing. 📈💡 #HealthcareFinance #Innovation ZeroPe's launch signifies a new era in healthcare financing, leveraging technology to improve access and affordability for medical services. 🚀🩺 #TechInnovation #AccessToCare 🔗Read More - https://lnkd.in/dREVYQsy 🖊️Writes - Arti Ghargi #ZeroPe #Healthcare #Fintech #MedicalLoans #Innovation #Startups #Tech #HealthcareFinance #DigitalHealth

US FinTech Squeeze.com acquires Youtility to revolutionise comparison market. • US-based tech platform Squeeze has acquired Youtility, a UK technology start-up, in a bid to offer a unique embedded experience for both businesses and their customers. • The collaboration hopes to combine the consumer-facing expertise of Squeeze with the market-leading B2B services of Youtility, to bring about a transformative change in the financial sector. • Squeeze is a rapidly growing platform dedicated to helping consumers manage, evaluate, and save on their recurring insurance contracts. Youtility, based in the UK, operates a market-leading B2B API platform. It collaborates with banks and fintech companies to deliver integrated home finance management services, providing customers with a streamlined way to manage their household finances. • The move comes in response to a report from The Office for National Statistics, which claims that there has been a significant rise in UK household energy bills, leading to a growing need for banks and FinTech platforms to support their customers in better managing and saving money. https://lnkd.in/exmCYgcz #Fintech #Squeeze #USA #Youtility #UK