Onsurity Receives $24 Million Investment

Onsurity, an SME-focused, subscription-based healthcare services provider, has successfully raised $24 million in a Series B financing round. This round saw the participation of key players led by International Finance Corporation (IFC), one of the leading global development organisations. Existing investors such as Nexus Venture Partners and Quona Capital also returned to back the startup.

Onsurity is revolutionising the InsurTech space by focusing on a technology-driven solution to improve the insurance claims process for its members. Their mission aims to eliminate the customary delays and unpredictability often associated with insurance claims. In fact, members are assured of a fully digital, comprehensible and efficient journey in the utilisation of benefits, all developed by Artificial Intelligence (AI).

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Onsurity

The newly acquired funds were allocated to various visionary endeavours of Onsurity. It will be directed towards collaborating with insurance partners to develop the technology solution. The company's ambitious vision does not end there. They aim to collaborate with more than 50,000 firms and provide insurance coverage to more than 5 million people by 2026. These resources will also strengthen Onsurity's roadmap to profitability.