The medical benefits platform has connected over 50,000 employees to 2,000 healthcare providers.
Singaporean employee medical benefits platform Mednefits has raised $8m in its Series A funding round.
The funding round was led by Malaysian BLoyalty, owner-operator of B Infinite, a digital engagement platform that serves merchants across many industries both in Singapore and Malaysia.
Mednefits connects companies and employees directly to medical providers through a platform that tracks and processes claims in real time.
To date, Mednefits has bridged more than 50,000 employees from 500 companies in Singapore and Malaysia, including 7-Eleven, Fish & Co, and ViewQwest, to over 2,000 healthcare providers.
B-Infinite will also work with Mednefits to automate the medical benefits for its clients’ employees in Singapore and Malaysia, amounting to $18m by 2021.
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