Healthcare-focused fintech firm Care.fi raises $8M in Series A round led by July Ventures
Care.fi’s platform manages hospital documentation, coding, claims processing, and collections. It also provides working capital through its NBFC arm.
Healthcare-focused fintech firm Care.fi has raised $8 million in a Series A round led by July Ventures.
The round also saw participation from Peak XV Partners, Accion Venture Lab, and Sadev Ventures, and included $3 million in debt financing from Trifecta and Vivriti.
Care.fi’s is building an AI-powered revenue cycle management (RCM) platform for hospitals. The platform manages hospital documentation, coding, claims processing, and collections. It also provides working capital through its NBFC arm. The company said its systems are deployed across Ayushman Bharat health insurance scheme and other government and private insurance programmes.
The Gurugram-based company plans to use the capital to expand into more Indian cities, accelerate international expansion across the United States and the Middle East, and develop its AI-powered healthcare operating system.
“Healthcare delivery in India is scaling faster than the financial rails that support it,” said Sidak Singh, Co-founder of Care.fi.
He added, “When millions of claims move through fragmented systems, even small inefficiencies compound into real stress for hospitals and patients. We’re building Care.fi to be the underlying revenue infrastructure for insurance-led healthcare—one that brings speed, clarity, and trust to every discharge and every settlement."
“At July Ventures, we back scalable, category-defining digital platforms,” a spokesperson for July Ventures said. “Carefi’s tech-led RCM platform tackles one of healthcare’s hardest problems, i.e. hospital cash-flow. By compressing billing cycles, improving collections, and unlocking working capital for providers, Carefi is building a future-proof digital infrastructure coupled with finance.”
Mohit Bhatnagar, Managing Director at Peak XV Partners, said, “Getting discharged, with Insurance, from a large Indian hospital can be tedious and lengthy. Care.fi’s instant discharge solution demonstrates how innovation and trust come together to create world-class customer experiences.”
Care.fi reports a year-on-year growth of over 10% in the total value of loans and financing it manages. It also says its team has expanded to over 250 employees.
The company recently acquired Aldun to reduce hospital discharge waiting time after final billing from hours to about 10 minutes. It plans to scale discharges from 10,000 to nearly 1 lakh per month.
Edited by Swetha Kannan