Delhi-based fintech startup Affordplan on Tuesday announced that it has raised Rs 20 crore in Series A funding from Prime Venture Partners with Kalaari Capital as a co-investor. Earlier this year, the company had raised Rs 3 crore when it was selected in the first incubator batch by Kstart, a seed fund initiative by Kalaari Capital.
The company, which is currently operational in the Delhi/NCR region, plans to use the funds to expand to three other cities over the next year. It will hire more people, build its network and scale its business in these new cities, which it refrained from naming at the moment.
Affordplan aims to make healthcare affordable and accessible for the masses by encouraging planned savings for non-emergency medical services. The platform saves patients from having to pay large amounts at hospitals.
It is a prepayment web platform that enables patients to plan their non-emergency procedures — like eye care, pregnancy, dental care, plastic surgery, orthopaedic and bariatric treatments — through planned savings so they can get the treatment when they need it. Affordplan’s schemes enables hospitals to get visibility into a patient’s cash flows and tailor medical solutions so the prescribed treatment is delivered in a smooth manner.
Affordplan aims to make healthcare affordable and accessible for the masses by encouraging planned savings for non-emergency medical services. It does not charge any interest from consumers