MediConCen Secures USD 6.85M in Series A Funding to Transform Insurance Claims with AI and Blockchain
MediConCen aims to alleviate customer and insurer frustrations associated with the medical claim process by enhancing customer experience through digital- and AI-assisted journeys using cutting-edge AI and blockchain technology. T
Company Name: MediConCen
Location: Hong Kong
Sector: InsurTech
Funding Details: Raised USD 6.85M in Series A funding, led by HSBC Asset Management with participation from existing investors G&M Capital, ParticleX, and new investor Wings Capital Ventures.
Purpose of Investment: To accelerate growth in the international market, specifically targeting the Middle East and Southeast Asia.
Leadership: CEO William Yeung
Product: MediConCen utilizes AI and blockchain (specifically hyperledger blockchain technology) to automate insurance claims, providing a seamless and automatic experience for insurance claims. It holds blockchain patents in the US and Hong Kong, serves over 16 insurers and more than 1 million insured individuals, with over 1,200 medical providers participating in its cashless claim platform.
About Company: MediConCen aims to alleviate customer and insurer frustrations associated with the medical claim process by enhancing customer experience through digital- and AI-assisted journeys using cutting-edge AI and blockchain technology. The company’s mission is to revolutionize the insurance claim experience.