TLDR:
– Hong Kong-based insurtech company MediConCen has raised $6.85 million in Series A funding.
– The round was led by HSBC Asset Management and included participation from existing investors G&M Capital, ParticleX, and new investor Wings Capital Ventures.
– MediConCen plans to use the funds to accelerate its growth in the international market, focusing on the Middle East and Southeast Asia.
Key Points:
– MediConCen is an insurtech company that automates insurance claims using AI and blockchain technology.
– The company has secured a blockchain patent in the US and Hong Kong and serves over 16 insurers and more than 1 million insured individuals.
– MediConCen’s cashless claim platform has over 1,200 medical providers participating.
– The company aims to revolutionize the insurance claim experience by replacing paper-based and human-based processes with digital and AI-assisted journeys.
– The funding will support the company’s mission to deliver a seamless and automatic experience for insurance claims and create a better customer experience.
– MediConCen is a member of the Cyberport community and joined the Cyberport Incubation Programme in 2018.
– The company received a total of $12.7 million in funding.
In the Series A funding round, Hong Kong-based insurtech company MediConCen has raised $6.85 million. The round was led by HSBC Asset Management and included participation from existing investors G&M Capital and ParticleX, as well as new investor Wings Capital Ventures. The funds will be used to accelerate the company’s growth in the international market, with a focus on the Middle East and Southeast Asia.
MediConCen specializes in automating insurance claims using AI and blockchain technology. The company uses hyperledger blockchain technology to provide clients with a seamless and automatic experience in insurance claims. It has secured a blockchain patent in the US and Hong Kong and serves over 16 insurers and more than 1 million insured individuals. The company’s cashless claim platform has over 1,200 medical providers participating.
CEO William Yeung expressed the company’s mission to revolutionize the insurance claim experience, stating that the current paper-based and human-based processes will be replaced with digital- and AI-assisted journeys. Yeung believes that insurance claims are an area that needs significant improvement to create a better customer experience. The company aims to deliver extraordinary solutions through its deep understanding of insurance and state-of-the-art technology.
MediConCen is a member of the Cyberport community and joined the Cyberport Incubation Programme in 2018. The company received a total of $12.7 million in funding.
