Reinsurance Group of America

CarePay is a mobile health data and payment platform that connects patients, payers, insurers and healthcare providers through a standardized end-to-end system. The platform leverages mobile money roots and digital payment networks to support enrollment, premium collection, beneficiary identification, claims management and data-powered services, enabling funds from public and private funders to be directed to patients and healthcare providers. It supports mobile health wallets accessible on any mobile phone, allowing instant, low-cost transfers and streamlined management of large-scale health schemes. The company has connected over 4.5 million users and more than 1,200 facilities. It originated in Kenya and has expanded to Nigeria and Tanzania, with its headquarters in Amsterdam. Notable recognition includes awards from the FT/IFC Transformational Business and the World Economic Forum Technology Pioneer. PitchBook describes the platform as a financial software that saves, insures and pays for healthcare, directing funds from funders to patients and integrating real-time medical and financial data to reduce leakage and simplify outpatient schemes.