Onsurity, an insurtech startup, obtains $24 million in funding from the IFC and other investors

9 Oct 2023 , 01:42 AM

Onsurity is a small and medium-sized business (SMEs) and startup-focused employee healthcare provider. The company announced that it has raised $24 million in Series B capital from the International Finance Corporation (IFC) and its current investors, including Nexus Venture Partners, Quona Capital, and White Board.

With the funds, the business will collaborate with insurance partners to develop a technology solution that enables a smooth and open claims procedure.

The money, according to the corporation, is specifically intended to do away with the lengthy waiting times and ambiguities that are frequently related to claims. By 2026, these funds will assist the company’s clientele reach over 50,000 enterprises and cover more than 5 million workers.

Through its smart app, Onsurity offers staff healthcare services like insurance, outpatient consultations, health checks, and wellness programmes.

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