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MILVIK BIMA RAISES FRESH INVESTMENT FOR DIGITAL HEALTH WALLET TECHNOLOGY

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STOCKHOLM, LONDON and SINGAPORE, April 20, 2022 /PRNewswire/ — MILVIK BIMA (“BIMA”), a top digital healthcare remedies service provider in rising markets, has lifted new cash from existing shareholders Allianz X and Leapfrog Investments to launch its Health and fitness Wallet in Asia.

Snapshot of the BIMA Health+ App and Health Wallet

Snapshot of the BIMA Health+ App and Overall health Wallet

(PRNewsfoto/Milvik Bima)

(PRNewsfoto/Milvik Bima)

The BIMA Well being Wallet is the to start with of its variety, combining fintech equipment and e-commerce functions for health care. Built-in with the BIMA Overall health+ Application, it supports BIMA’s mission to democratize health care in emerging marketplaces. The BIMA Wellbeing Wallet allows prospects to

  • Control their BIMA well being subscriptions in conditions of payment versatility and update nominees covered by their subscriptions

  • Earn and use Wellness Factors

  • Visualize Wellbeing discounts

  • Make cashless payments

  • Entry their clinical history and details and

  • Access subsidies from general public-non-public funding.

“We first invested in BIMA in 2017 with the goal of earning coverage extra available to emerging customers,” reported Nhi Huynh, Senior Supervisor at Allianz X. “From a humble begin in Ghana, BIMA has expanded into an further African and 7 Asian marketplaces. The emergence of COVID-19 emphasised the worth of electronic overall health expert services like BIMA’s. With each other with Leapfrog Investments, we’ve supported its transformation from a primary insurtech to a thorough healthtech with an insurance spine. These funds will even further the advancement of rising client wellness products and services and security.”

“BIMA’s small business product is a stellar example of our revenue with reason technique in emerging markets the place healthcare is severely underpenetrated. 50 percent of the world’s populace nonetheless lacks entry to vital health care[1] but the BIMA Wellness Wallet can speed up digital health care adoption and make healthcare a lot more obtainable to hundreds of thousands of persons. With the digital health marketplace forecasted to reach US$660 billion by 2025[2], we believe BIMA’s answers tap into an tremendous marketplace possibility by erasing healthcare entry disparity,” explained Stewart Langdon, Companion at Leapfrog Investments.

BIMA’s distinctive subscription model breaks down the superior barrier to health care access. It has furnished 25 million people today with substantial-quality primary and secondary healthcare. This investment will more the firm’s vision of giving 100 million men and women with health care access by 2026.

Obtain Wellness Intercontinental (“AHI”), a non-income think tank, advisory team and implementation partner with a mission to boost accessibility to substantial-good quality and reasonably priced healthcare, is performing with BIMA in Bangladesh to examine general public-non-public funding possibilities in relation to the Wellbeing Wallet. “BIMA’s Wellness Wallet facilitates a immediate-to-client avenue for overall health funding system implementation, which is just one of the most significant aspects of health care funding. We search ahead to performing with BIMA to make healthcare additional inexpensive”, explained Adrienne Mendenhall, AHI’s Director of Business Improvement.

Health and fitness Factors collected with every subscription payment designed via the BIMA Overall health Wallet can be employed for redemption of associate goods these as medication, health-related equipment, health and exercise wearables, oral and eye care products and solutions, and nutritional items. Hence, decreasing health care fees for consumers.

About MILVIK BIMA

Started in 2010, MILVIK BIMA is democratizing health care in emerging markets by way of technological know-how that permits affordable and accessible health care alternatives, though empowering people today to choose command of their overall health. With a aim on proactive treatment, MILVIK BIMA’s health care answers comprise telemedicine, professional care, well being-screening, customized overall health systems, medication shipping, laboratory tests, and coverage. Running in 9 countries across the Asia and Africa location, MILVIK BIMA’s vision is to supply 100 million folks with affordable obtain to significant-quality healthcare by 2026.

For extra info, make sure you take a look at www.bimamobile.com.

About Allianz X

Allianz X invests in digital frontrunners in ecosystems applicable to coverage and asset administration. In just a several many years, it has grown to a portfolio of extra than 25 firms and AuM of over 2 billion euros. Allianz X has counted 10 unicorns between its portfolio so considerably. The coronary heart and brains guiding it all is a talented crew of all-around 40 persons. As a single of the pillars of the Allianz Group’s electronic transformation strategy, Allianz X provides an interface amongst Allianz Operating Entities and the broader digital ecosystem, enabling collaborative partnerships in insurtech, fintech, and outside of. As an trader, Allianz X supports experienced digital growth providers to consider the subsequent bold leap and attain their complete potential.

For additional facts, please pay a visit to www.allianzx.com.

About Leapfrog Investments

LeapFrog invests in excellent corporations in Africa and Asia, partnering with their leaders to reach new levels of progress, profitability and influence. Launched in 2007, LeapFrog’s corporations now attain 272 million people across 35 countries with health care or fiscal services, giving work and livelihoods to 143,000 folks. Through regular shipping and delivery on a strategy of Revenue with Purpose, LeapFrog has raised over $2bn from global institutional buyers, which includes $500m not too long ago committed by Temasek.

For much more information and facts, please check out www.leapfroginvest.com.

Source Milvik Bima

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