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STOCKHOLM, LONDON and SINGAPORE, April 20, 2022 /PRNewswire/ — MILVIK BIMA (“BIMA”), a major digital healthcare alternatives service provider in rising markets, has elevated new money from present shareholders Allianz X and Leapfrog Investments to start its Well being Wallet in Asia.
The BIMA Overall health Wallet is the first of its variety, combining fintech applications and e-commerce attributes for health care. Built-in with the BIMA Overall health+ App, it supports BIMA’s mission to democratize healthcare in rising markets. The BIMA Health Wallet permits consumers to
- Regulate their BIMA well being subscriptions in phrases of payment flexibility and update nominees lined by their subscriptions
- Generate and use Wellbeing Points
- Visualize Wellbeing personal savings
- Make cashless payments
- Accessibility their healthcare record and information and
- Entry subsidies from general public-non-public funding.
“We to start with invested in BIMA in 2017 with the objective of building insurance much more accessible to rising buyers,” said Nhi Huynh, Senior Manager at Allianz X. “From a humble commence in Ghana, BIMA has expanded into an further African and 7 Asian marketplaces. The emergence of COVID-19 emphasised the significance of electronic health and fitness products and services like BIMA’s. Alongside one another with Leapfrog Investments, we have supported its transformation from a fundamental insurtech to a detailed healthtech with an insurance plan backbone. These funds will further the enhancement of emerging client well being solutions and defense.”
“BIMA’s company product is a stellar instance of our earnings with goal strategy in rising marketplaces in which health care is severely underpenetrated. 50 percent of the world’s inhabitants nonetheless lacks access to vital health care[1] but the BIMA Overall health Wallet can speed up electronic healthcare adoption and make healthcare much more available to hundreds of thousands of individuals. With the digital well being field forecasted to attain US$660 billion by 2025[2], we consider BIMA’s remedies tap into an monumental market prospect by erasing healthcare access disparity,” mentioned Stewart Langdon, Spouse at Leapfrog Investments.
BIMA’s distinctive membership product breaks down the large barrier to health care obtain. It has supplied 25 million people with high-excellent most important and secondary healthcare. This expenditure will additional the company’s eyesight of furnishing 100 million folks with healthcare accessibility by 2026.
Entry Overall health International (“AHI”), a non-income imagine tank, advisory team and implementation partner with a mission to enhance obtain to large-quality and inexpensive health care, is doing the job with BIMA in Bangladesh to investigate community-non-public funding options in relation to the Well being Wallet. “BIMA’s Well being Wallet facilitates a direct-to-purchaser avenue for well being funding method implementation, which is just one of the most significant features of health care funding. We look ahead to working with BIMA to make healthcare much more cost-effective”, mentioned Adrienne Mendenhall, AHI’s Director of Organization Progress.
Overall health Factors collected with every single membership payment designed through the BIMA Health and fitness Wallet can be made use of for redemption of lover solutions this sort of as medication, healthcare tools, health and fitness and exercise wearables, oral and eye care goods, and nutritional products. Consequently, lowering healthcare fees for people.
About MILVIK BIMA
Founded in 2010, MILVIK BIMA is democratizing healthcare in emerging markets by means of technological innovation that allows reasonably priced and available health care methods, though empowering individuals to get manage of their overall health. With a focus on proactive treatment, MILVIK BIMA’s health care options comprise telemedicine, expert care, overall health-screening, customized wellbeing systems, medicine delivery, laboratory screening, and coverage. Running in 9 international locations across the Asia and Africa region, MILVIK BIMA’s vision is to provide 100 million folks with reasonably priced accessibility to large-excellent healthcare by 2026.
For more information, please visit www.bimamobile.com.
About Allianz X
Allianz X invests in digital frontrunners in ecosystems pertinent to insurance coverage and asset administration. In just a couple decades, it has grown to a portfolio of far more than 25 companies and AuM of more than 2 billion euros. Allianz X has counted 10 unicorns amid its portfolio so considerably. The coronary heart and brains guiding it all is a talented group of all-around 40 men and women. As just one of the pillars of the Allianz Group’s digital transformation approach, Allianz X supplies an interface between Allianz Functioning Entities and the broader electronic ecosystem, enabling collaborative partnerships in insurtech, fintech, and beyond. As an investor, Allianz X supports mature electronic advancement firms to acquire the next bold leap and reach their entire prospective.
For additional facts, you should take a look at www.allianzx.com.
About Leapfrog Investments
LeapFrog invests in extraordinary corporations in Africa and Asia, partnering with their leaders to achieve new amounts of advancement, profitability and effects. Started in 2007, LeapFrog’s businesses now get to 272 million individuals throughout 35 international locations with health care or monetary services, delivering employment and livelihoods to 143,000 people. By means of reliable shipping on a approach of Financial gain with Intent, LeapFrog has elevated in excess of $2bn from international institutional buyers, together with $500m recently dedicated by Temasek.
For additional information, remember to pay a visit to www.leapfroginvest.com.
Source Milvik Bima
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