Investment
CarePay Ltd

Sector
Health Insurance

Location
Kenya

Investment date
June 2015

Fund
IFHA-I

Deal Type
Venture Capital

Website

http://www.carepay.co.ke

 

CAREPAY

CarePay is a Kenyan company that administers conditional healthcare payments between funders, patients and healthcare providers. Through our M-TIBA platform, CarePay directs funds from public and private funders directly to patients into a “health wallet” on their mobile phone. The use of these funds is restricted to conditional spending at selected healthcare providers across Kenya. With every transaction, CarePay combines the digital payment with real time medical and financial data collection, to help make healthcare safer and more transparent for both patients and healthcare providers. CarePay has contracted more than 2,000 healthcare facilities across Kenya, with an ambition to drive healthcare inclusion for millions of Kenyans.