MediConCen, a Kowloon, Hong Kong-based insurtech company specializing in AI and blockchain-driven insurance claims automation, has secured $6.85 million in Series A funding, bringing its total funding to $12.7 million.
SaaS Investors
The round was led by HSBC Asset Management, with participation from existing investors G&M Capital and ParticleX, as well as new investor Wings Capital Ventures.
MediConCen Use of Funds
The company will use the funding to fuel its international growth strategy, particularly expanding its presence in the Middle East and Southeast Asia.
About MediConCen
MediConCen is a Cyberport community start-up that joined the Cyberport Incubation Programme in 2018. MediConCen operates as an insurance technology company that utilizes blockchain and cutting-edge technology to automate insurance claims and evolve the insurance claim experience. It offers a mobile application for clinics and provides a one-stop solution for stakeholders in health insurance to facilitate insured client check-in and efficient claim settlement while preventing fraudulent claims via blockchain. It was founded in 2018 and is based in Kowloon, Hong Kong.
Funding Details
Company: MediConCen Limited
Raised: $6.85
Round: Series A
Funding Month: February 2024
Lead Investors: HSBC Asset Management
Additional Investors: G&M Capital, ParticleX, and Wings Capital Ventures
Company Website: https://www.mediconcen.com.hk/
Software Category: Insurance Claim Automation Solution
Source: https://www.insurtechinsights.com/mediconcen-raises-us6-85-million-in-series-a-funding-for-global-expansion/