QubeHealth, a healthcare payments company, has extended its Pre-Series-A funding round with substantial investments led by Inflection Point Ventures, Green Ivy Ventures, and several Family Investment offices. This funding boost also witnessed participation from Keiretsu Forum and other existing stakeholders, although the exact amount remains undisclosed.

Chris George, Co-Founder & CEO of Qube, expressed his thoughts on this funding, stating, “Qube is changing the way Indians pay for their family’s healthcare. Integrating payment methods, no-cost medical loans, an open network of healthcare providers, we are on a mission to make healthcare payments, frictionless. This funding round adds to our pre-series-A corpus and gives us a runway of up to two years, while setting us up for our upcoming Series-A.”

Qube offers a comprehensive payment system and healthcare credit line exclusively for employees of companies subscribed to its QubeHealth-Credit product. Designed as a complement to the group health insurance policies provided by employers, this service empowers individuals to cover medical expenses not fully included or partially covered by their insurance. Users can borrow and repay as needed from a predefined credit limit, selecting the amount, healthcare provider, and repayment period of up to one year, with no interest or fees on repayments. While the credit line remains free for employees, a nominal subscription fee is paid by the employer on behalf of the employee.

Mitesh Shah, Co-founder of Inflection Point Ventures, commented on the investment, saying, “The intersection of finance and healthcare is a very interesting area for us, and Qube has been at the forefront of this since we first invested in the company two years ago. Their focus and financially prudent approach to building a company has seen our initial investment grow four times, and we believe that they are on a path to dominate the healthcare payments sector in India.”

Puneet Kothapa, representing Green Ivy Ventures, added, “Paying for your family’s healthcare is the foremost fear in the minds of any Indian, and a solution that helps them in taking control of this will see rapid adoption. We believe Qube has proven that financing and frictionless payments are a great way to solve the healthcare access problem.”