Vitraya Technologies helps automate real-time payouts and claim settlements between hospitals and insurers who offer health insurance products
Mohali-based Vitraya Technologies has raised $5 million in a Series A funding round led by B2B Venture Capital fund StartupXSeed, Season Two Ventures, Cactus, Xceedance, and the family office of Mankind Pharma.
The startup said it will use the fund for hiring and scaling its existing products and technology.
Founded in 2019, Vitraya Technologies helps automate real-time payouts and claim settlements between hospitals and insurers who offer health insurance products.
“Having faced deep trouble with claim settlement, we developed the Vitraya platform to connect hospitals, insurers, clinics and patients on a single platform facilitating faster claim settlements and payout, easy fraud detection and reduced operational costs,” said Mrinal Sinha, CEO and Co-founder of Vitraya.
According to Sinha, the firm has scaled to 4,000 large and mid-size hospitals one year since its launch, as per reported by YourStory.
Also read: Technology continues to scale faster than most people realise
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