Care.fi, a fintech startup dedicated to the healthcare sector, has successfully raised $2 million (Rs 16 crore) in debt capital from Trifecta Capital and an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit.
According to a press release from Care.fi, the funds will be utilized to expand its loan book, grow the business, enhance operations, and increase the team size.
Founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi offers innovative financing solutions to hospitals, doctors, and allied suppliers. The company aims to bridge the financial gaps in the healthcare industry, supporting the financial needs of healthcare professionals and institutions for smoother operations and faster growth.
Based in Gurugram, Care.fi collaborates with over 50 hospitals and has assisted more than 2,000 patients. The company reports a fourfold increase in total disbursals, reaching cumulative disbursals of $48 million (Rs 400 crore).
Additionally, Care.fi has obtained an NBFC license within two years of its inception. Other notable players in the healthcare fintech space include CarePay, SaveIn, and Bajaj Finserv Health.
