Affordplan pulls in $3m to help patients save for treatment

Indian startup Affordplan has picked up $3m in a Series A round of led by Prime Venture Partners with Kalaari Capital also participating.

The company aims to help hospitals’ patients manage their savings to pay for treatments with the aim of increasing accessibility and affordability.

It says the platform provides hospitals with a more visible cash flow and allows them to deliver prescribed treatment without interruptions.

The service is monetised by charging hospitals for access to the platform and its features.

Affordplan claims the solution is best suited for non-emergency procedures that are planned in advance such as pregnancy, eye care, dental, plastic surgeries, orthopaedic and bariatric.

The patient-side of the platform allows users to choose how much they save on a daily, weekly or monthly basis and facilitates both online payments and those made at hospitals.

The New Delhi-based company will use the capital to expand its network of hospitals around India and expand its team.

The company previously raised $500,000 as part of KStart’s first incubator batch in early 2016.

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