Onsurity, the subscription-led employee healthcare provider focused on small and medium enterprises (SMEs) and startups, said it has raised $24 million in Series B funds from International Finance Corporation (IFC) and existing investors Nexus Venture Partners, Quona Capital and White Board.
The company will use the money to work with insurance partners to create a technology solution that allows a seamless and transparent claims process.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| Indian School of Business | ISB Product Management | Visit |
| Northwestern University | Kellogg Post Graduate Certificate in Product Management | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
| Indian School of Business | ISB Digital Transformation | Visit |
The company said the funding is particularly geared towards eliminating prolonged waiting periods and uncertainties typically associated with claims. These funds will help to expand its client base to over 50,000 companies and provide coverage to over 5 million workers by 2026.
Onsurity provides employee healthcare benefits like insurance, out-patient consultations, health checkups and wellness packages through its super app.
Discover the stories of your interest
Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.
