An Insurtech startup, Bimapay, has successfully secured $2 million in the funding round led by LC Nueva Investment Partners through LC Nueva AIF, a joint venture between Lighthouse Canton and Nueva Capital. BimaPay is a lending service provider that facilitates personal loans for insurance premium payments through its partner lenders. We are talking about To Expand Its Tech-Driven Solution, Bimapay Secures $2 Million Funding.
The startup aims to help individuals with various use cases to enhance accessibility and affordability in the insurance sector. The company also allows brokers, agents, and POSPs to increase their earnings by expanding their customer base. Founded by Hanut Mehta, Mohit Gupta, and Kapil Garg, this startup offers digital lending with a real-time process. The startup aims to ensure deeper integration in India’s financial inclusion landscape with its cutting-edge technology. The startup offers flexible payment options to its customers to help them afford their insurance payments.
Here we are discussing about To Expand Its Tech-Driven Solution; Bimapay Secures $2 Million Funding :
The co-founder of BimaPay, Hanut Mehta, mentioned that the funding will help the startup to revolutionize the industry through innovation and technology. The company will use this funding amount to accelerate its growth and impact insulation penetration in India. The startup provides financing solutions to healthcare sectors, garages, and policyholders. Kapil Garg, the co
founder of BimaPay, also showed his excitement to help the company grow further and make an impact in insulation penetration in the country with this investment. The startup aims to ensure deeper penetration into India’s financial inclusion and insurance ecosystem.
India is seeing growth in the Insurtech sector, with startups like BimaPay and Claimbuddy getting support from investors and receiving investments to help them enhance their technological capabilities with market presence; the future of this sector looks promising. The interest of investors in this sector highlights the increasing importance of technology-driven solutions in colossal insurance coverage companies across the country. The startup plans to use the funding amount raised from this round to deploy the new services in the market and expand its footprints in the financial and insurance ecosystem with its cutting-edge technology. BimaPay addresses various use cases that aim to improve accessibility and affordability in the insurance sector, ensuring a deeper penetration into India’s financial inclusion landscape.
CONCLUSION:
An Insurtech startup, Bimapay, has secured $2 million in funding from LC Nueva Investment partners. The funding round was led by LC Nueva investment partners through LC Nueva AIF, which is a joint venture between Lighthouse Canton and Nueva Capital. BimaPay’s services extend to hospitals, garages, and individual policyholders, bridging the gap between insurance claim acceptance and payment.
The startup aims to ensure deeper integration with cutting-edge technology in India’s financial inclusion landscape. The startup offers flexible payment options to its customers to help them afford their insurance payments. India is seeing growth in the Insurtech sector, with startups like BimaPay and Claimbuddy getting support from investors and receiving investments to help them enhance their technological capabilities with market presence; the future of this sector looks promising.
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