BIMA Bags Investment of USD 30 Million


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Comserve Inc.

Sep 10, 2020, 06:00 EST


Bronx, United States, Sep 10, 2020, 06:00 /Comserve / --  The global digital health service company, BIMA, on Monday announced that it had procured USD 30 million from investments made by various fintech companies due to the surging demand for health services.

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September 8, 2020: The global digital health service company, BIMA, on Monday announced that it had procured USD 30 million from investments made by various fintech companies due to the surging demand for health services. The biggest reason behind this increase in demand is for the COVID pandemic as, now, more people are seeking access to telemedicine and insurance covers.  

According to the company, it was for the first time that CreditEase Fintech Investment Fund has invested in BIMA. Alongside, the other existing investors, LeapFrog Investments and Allianz have increased their investment sum. BIMA, with these secured investments, aims to widen its product range and scale so that it could match the demand and thrive in the markets of Asia and Africa. At present, BIMA has a customer base of 2 million tele-doctor consultations and is a tough competitor to many big digital health service firms. 

BIMA provides its customers with an impeccable range of health services that includes, health programs related to chronic illness, offers and discounts on medicine purchase and drug delivery. During the pandemic, it has also extended its funding to masks and hand sanitizers. 

According to Dennis Cong, the managing partner of the new investor, CEFIF, BIMA’s innovative combination of microinsurance and tele-doctor services are imposing. The value of the critical coverage to suffice high demand has been emphasized due to the pandemic. He added that his firm is delighted to associate with BIMA and support it to develop its business and leadership position. 

Last year, BIMA (also known as MILVIK) partnered with bKash to provide affordable health services and insurance to the people of Bangladesh. Owing to its commendable services, BIMA has also won the Mobile Insurance Leadership Award 2020, and Claims Initiative Award during 2020 in Ghana.  

Due to COVID-19 outbreak, the need for telemedicine has increased, and so has the importance of insurance. BIMA, with the help of digital solutions, and other tools and services, strives to serve the communities and provide them with a sense of relief and security.

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