Healthcare-focused fintech startup SaveIN, has raised funding as part of its seed rounds from existing investors Guernsey-based Bayhouse Capital and 10X Group founders.
The latest funding round takes SaveIN’s total seed funding to over $7 million.
The startup now claims to expand the reach of its care, pay later product to over 1,000 healthcare and wellness providers across India.
The Gurugram-based SaveIN was founded in 2020 by Jitin Bhasin, Anurag Varma, and Gaurav Luthra, It provides health care finance solutions to patients. It currently claims to be present in over 30 cities including major metros and Tier 1 locations.
The startup also offers outpatient and elective health procedures to its rapidly growing partner network, which includes daycare surgeries, gym memberships, preventive wellness and alternative treatments. It also supports procedures in all fields including dentistry, dermatology, eye, hair care, and more.
“Since the launch of our business in January this year, we have grown to over 1,000 partners today coinciding with us raising a total of $7 million in seed funding over the last quarter. With over two million healthcare providers in India, we have a long way to go,” said, Jitin Bhasin, founder and chief executive officer of SaveIN.
“We are catering to a huge market in India, helping people split their healthcare and wellness expenditure into affordable EMIs. These are need based services and procedures and we facilitate the entire process in a tech-enabled environment, in partnership with our healthcare provider network,” he added.
Earlier this year, SaveIN had raised $1.1 million in an extended seed round from Bayhouse Capital. Before this in May 2022, it had raised $4 million in funding as part of its seed round from existing backer Y-Combinator and others including 10X Group, Leonis VC, and Goodwater Capital.
SaveIN is a financial technology platform that aims to revolutionize how Indians access to credit, banking and personal finance products.
They aim to build novel financial products and experiences, in a 100% digital, paperless and mobile-first ecosystem.
At the core of building this truly exceptional financial experience lies their humble, albeit fierce intent to solve problems faced by our customers by combining the best of technology and traditional finance principles.
SaveIN offers the following unique product to its users Care now, Pay later – India’s simplest health care finance solution.