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CarePay International

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Jun 2015 (10 Years)

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    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Get to know CarePay International

    CarePay has developed a mobile health data & payment distribution platform that has the potential to fundamentally change healthcare. The platform, originally built on top of the foundations of mobile money but now linked into several digital payment networks across various countries, permanently connects patients, premium payers, insurers and healthcare providers in a standardized way and can be introduced anywhere in the world. The platform, accessible on any mobile phone, provides mobile health wallets which allows these connected stakeholders to send, receive and pay dedicated healthcare funds to each other instantly and at minimal cost. CarePay’s solution is a standardized, end-to-end mobile health data & payment distribution platform that offers a full range of services that help manage large scale health (insurance) schemes at lower cost than ever before. The platform’s modules range from enrollment and premium collection to beneficiary identification, claims management and data-powered services. Current payers on the platform include private insurers, donors, government agencies, employers and individuals. So far, CarePay has connected over 4.5 million users and more than 1,200 healthcare facilities to the platform. CarePay is an international, fast-growing fintech company first established in Kenya, but has now expanded its business to Nigeria and Tanzania. The international expansion is driven from CarePay’s HQ in Amsterdam. Our innovative approach to healthcare provision was recognized in 2017 when CarePay won the FT/IFC Transformational Business Award and in June 2018 CarePay was named a Technology Pioneer by the World Economic Forum.

    Industry

    • Financial InsurancePRIMARY
    • Financial Other Service

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