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.

As per the startup, the funding will be used to scale its book size, expansion, enhancing the business, and strengthening the team size.

Care.fi | Healthcare focused fintech startup

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.

The Gurugram-based company claims to work with more than 50-hospitals and helped over 2,000 patients. It also claims that its total disbursals increased by 4x, with cumulative disbursals of $48 million (Rs 400 crore).

Care.fi has also received an NBFC licence within two years of operation. Some other competitors in this industry are CarePay, SaveIn, and Bajaj Finserv Health.

Speaking about the development, Vikrant Agrawal, Founder and CEO of Care.fi, said,

“We are going to deploy this funding across two major building blocks, i.e. expansion and growing the business and strengthening the team with fresh, relevant talent to achieve new milestones.”

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