Trifecta Capital funded the Healthcare-centered fintech startup Care.fi with $2 million (approximately Rs.16 crore) in debt capital, and UC Inclusive Credit provided an additional $0.6 million (approximately Rs.5 crore) to the company.

According to a press release, Care.fi will use the proceeds to increase the size of its book, expand, improve the business, and increase the size of its team.

Co-established in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi is a fintech organization offering smart financing solutions and services for emergency clinics, specialists, and partnered suppliers. It fills the funding voids in the healthcare sector.

The organization tends to the financial requirements of medical care experts and foundations, working with smoother tasks and zipped up development.

The Gurugram-based business asserts that it has assisted over 2,000 patients and collaborates with more than 50 hospitals. It also asserts that its cumulative disbursals of $48 million (approximately Rs.400 crore) have increased by four times.

Care.fi has additionally gotten a NBFC permit within two years of activity. CarePay, SaveIn, and Bajaj Finserv Health are three other significant players in this market.

Expressing to this new fundraise, Vikrant Agrawal, Co-founder, Care.fi says, “We are going to deploy this funding across two major building blocks, i.e. expansion and growing the business and strengthening the team with fresh, relevant talent to achieve new milestones”.

"We have witnessed remarkable growth since our inception," says Sidak Singh, Co-Founder of Care.fi.