Mednefits Raises $6M in Series A for Employee Benefits
Mednefits, an employee medical benefits platform, today announced the raise of RM24 million(SGD8 million) in its Series A funding round, led by BLoyalty Sdn Bhd, owner-operator of B Infinite, a digital engagement platform that serves merchants from various industries and businesses. B-Infinite will also work with Mednefits to enhance and automate the medical benefits for its clients’ employees across Malaysia, amounting to RM55 million by 2021.
Chris Teo, Chief Executive Officer, Mednefits said, “Digital technologies can help companies address several business and operational challenges. By having businesses of all sizes on Mednefits’ cloud-based platform, and an expansive network of panel clinics, we are able to offer competitive and flexible corporate healthcare plans, while simplifying and automating reimbursements.”
Mednefits connects companies and their employees directly to medical providers, through its platform that tracks and processes employees’ claims in real-time, thereby offering automated, affordable and accessible healthcare.
Announcement: Mednefits Raises $6M in Series A for Employee Benefits