
Healthcred
Provider of end-to-end financing services intended to stabilize cash flows.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | $1.2m | Seed | |
Total Funding | 000k |
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Healthcred operates as a fintech platform focused on the Indian healthcare sector, aiming to resolve the significant working capital challenges faced by medical providers. Founded in 2022 by Shrey Jain and Arpit Jangir, the Delhi-based company provides tailored financing solutions to an array of clients including hospitals, specialized healthcare service providers in fields like nephrology and oncology, insurers, and partners in the pharmaceutical supply chain. The business model centers on acting as a finance facilitator, connecting financiers and investors with businesses within the healthcare industry. It addresses the operational cash flow stress that arises from delayed payments of insurance receivables, a problem amplified by the growing penetration of health insurance in India post-pandemic.
The company's core service is providing early financing against these delayed insurance claims, which stabilizes cash flow for healthcare providers and allows them to maintain quality patient care. Healthcred's product suite includes cashless claim financing, reimbursement financing, supply chain financing, term loans for infrastructure enhancement, and professional loans for doctors expanding their practices. The firm utilizes a digital platform and data-driven underwriting to streamline the lending process, from loan onboarding to management, making it swift and efficient. By financing hospitals on behalf of insurers, Healthcred enables insurers to manage their cash flow while ensuring hospitals have necessary working capital. This approach specifically targets small to mid-sized hospitals, a segment often underserved by traditional banks and non-banking financial companies (NBFCs) that tend to focus on large infrastructure loans.
The founding of Healthcred was influenced by co-founder Shrey Jain's entrepreneurial journey, which began after an entrepreneurship program at Babson College diverted him from a path in academia. The company has secured significant seed funding to fuel its growth. In August 2024, Healthcred raised $1.2 million in a seed round led by Antler India, TRTL VC, DeVC, iSeedVC, and Angel List India, with participation from several prominent angel investors. This capital is earmarked for enhancing customer relations, expanding operations into southern and western India, and further developing its technology platform. The company has an ambitious goal to disburse over $1 billion in financing within the next five years and aims to eventually become India's first healthcare-focused Small Finance Bank (SFB).
Keywords: healthcare financing, fintech, working capital loans, medical finance, B2B lending, India, receivables financing, hospital finance, supply chain finance, digital lending, Shrey Jain, Arpit Jangir, healthcare credit, medical equipment financing, doctor loans, cashless claims, insurance receivables, healthcare lending platform, Antler India, small hospital financing