Dutch-African mobile health payments firm CarePay International has raised USD 45 Million growth capital to expand its mobile platform beyond Kenya into Nigeria and Tanzania.
Through mobile phones, CarePay International connects health payers to millions of people in Africa who are currently excluded from access to affordable, quality healthcare services
CarePay allows patients, payers and healthcare providers to send, receive and pay healthcare funds to each other quickly and at a minimal cost.
CarePay International launched its mobile health payments platform in late 2016 in Kenya in partnership with Safaricom, the operator of mobile money service M-PESA.
In the past 2 years, CarePay’s platform has connected 4 million lives and 1,200 healthcare providers in Kenya and Nigeria.
This round of financing saw participation from a mix of investors that include Dutch private equity funds IFHA-II and impact investor ELMA Investments, as well as the Dutch Ministry of Foreign Affairs that invested through the PharmAccess Group.