Onsurity, the subscription-led employee healthcare provider focused on small and medium enterprises (SMEs) and startups, said it has raised $24 million in Series B funds from International Finance Corporation (IFC) and existing investors Nexus Venture Partners, Quona Capital and White Board, according to ETtech report.
The company will use the money to work with insurance partners to create a technology solution that allows a seamless and transparent claims process.
The company said the funding is particularly geared towards eliminating prolonged waiting periods and uncertainties typically associated with claims. These funds will help to expand its client base to over 50,000 companies and provide coverage to over 5 million workers by 2026.
Onsurity provides employee healthcare benefits like insurance, out-patient consultations, health checkups and wellness packages through its super app.
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