Mfine Raises $48 Million Sequence C From Moore Strategic Ventures, Beenext

RenewBuy is an internet insurance coverage comparability platform for people & businesses. It allows users to check & buy life, health, automotive, company & different insurances. Users can view the insurance coverage & get steerage from advisors through the platform. It options personalized insurance coverage, claims assistance, digital locker, renewal reminders & extra. The platform also allows customers to turn into licensed insurance suppliers by registering on the platform. Its products embody working capital financing, capital expenditure financing, and raw material purchase financing for steel, TMT, cement, polymers, and extra.

It enables payment of utility payments, bank card, depository account costs, and more. It permits businesses to obtain & review payments online, retailer payments electronically, and make funds by way of current bank accounts. MFine aims to build one of many Largest Virtual Hospitals on the earth and make top quality healthcare extra accessible and effective with using AI and mobile applied sciences.

Our fixed endeavor is to get essentially the most actionable information so that you can use. It plans to make use of the proceeds from the new round to increase its hospital, diagnostics and e-pharmacy community across the nation. MFine aims make to healthcare accessible and efficient through the use of AI and cell applied sciences.

It offers credit cards for bill payments, cash withdrawals, and online/offline purchases. It permits users to avail cash loans and make repayments in installments. It additionally offers an app-based virtual credit card for on-line transactions. App-based platform for client loans and agent-based funds. It provides loans such as personal loans, money loans, term loans, and extra. It enables shoppers to make utility bill payments such as cell recharge, DTH payments, electrical energy bills, water bills, and more via an agent network.

It additionally provides merchandise such as insurance, commercial & digital items, and extra. It allows customers to pay for grocery stores, eating places, taxis, salons, cellular stores, utility bills, and more. It allows merchants to simply accept payments from customers by way of an app-based platform.

MFine additionally launched an app-based SPO2 monitoring software in early 2021, allowing customers to maintain track of their oxygen saturation ranges with out the usage of any further tools. “We will continue to invest in cutting-edge know-how to transform each smartphone into a health companion for shoppers and a decision-making tool for all docs. Also over the next months, the startup, together with insurance companions, will deliver monetary solutions for its corporate customers, although not a lot details in regards to the forthcoming offering had been disclosed. MFine has a corporate subscription product that provides shoppers’ employees and their households entry to on-line health consultations, mental well being counselling, preventive health verify and continual illness management. It presents designing and implementation of neo-banks, deposit merchandise, a lending system with lending and credit cards servicing a number of lenders, native and cross-border payment systems with real-time controls, and more. It offers providers within the domains of retail banking, funding banking, buying and selling, wealth management, Islamic finance, anti-money laundering, and compliance frameworks.