Health : Insurance $193M Investment Round Now
the French insurance unicorn, just signed a multi-faceted deal with Belfries, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup.
Belfries is leading Alan’s Series F funding round of €173 million (around $193 million at current exchange rates).
Some of Alan’s existing investors are participating once again, namely Ontario Teachers’ Pension Plan (via Teachers’ Venture Growth), Temasek, Coated, and Lakestar.
If you’re not acquainted with Alan, the business began with a health insurance plan meant to supplement France’s state healthcare system.
When an employee joins a French company, they are all required to get health insurance.
The user experience offered by Alan’s primary product is far superior to that of a traditional insurance provider because to extensive optimization.
Alan has, for example, automated a large portion of the claim administration system.
There are instances where you receive a reimbursement on your bank account minutes after leaving the physician’s office.
With time, the business expanded its offerings to include more health-related services like live chat with physicians, prescription eyeglasses ordering, and access to preventive care materials on back pain, mental health, and other topics through a mobile app.
The business has been using AI more lately to boost productivity.
Earlier this year, Alan released some figures concerning the company’s performance.
The company claimed that Alan’s insurance products covered over 500,000 people and that it could turn a profit without needing to raise further capital.
This special alliance with Belfries, whose development over the last ten years has been incredibly motivating, allows Alan to embark on a new chapter in his life in Belgium.
Co-founder and CEO of Alan, Jean-Charles Samuel Ian -Were, said in a statement that Belfries’ investment “will allow us to accelerate our development and expand our capacity to offer cutting-edge, accessible health products and services to a wide audience.”
Alan has recruited an additional 150,000 clients since February, including the French Prime Minister’s office.
This year, it anticipates that its recurring revenue would total €450 million, or almost $500 million.
Health : Insurance $193M Investment Round Now
READ MORE:
1. Health and Fitness Tips for You
2. Upcoming New Movies
3. Get New Jobs Directly From Companies FREE Visa
4.Latest News of Cryptocurrency and Bitcoin
5. Real Estate Business for you
6. Latest News
7. Best Insurance Policy for Everyone
READ MORE:
- 1. Strategic Management Process: Top5 Jobs In Dubai FREE VISA Apply Now
- 2. Vancouver Time fighting for $12,000 in travel insurance Nightmare FREE
- 3. DIABETIC DIET : A PROFESSIONAL’S GUIDE TO A WARM AND WELL-BEING
- 4. NICOLAS CAGE STATES : HE HAS 3 OR 4 MORE MOVIES LEFT NOW
- 5. EMPRESS CRACKS: FOR THE FIRST TIME SINCE APRIL
- 6. DESPITE MEANING: DESPITE HIGH RATES, MORE US HOME BUYERS ARE WILLING TO BUY
- 7. A 44-YEAR-OLD BOSTON WOMAN WAS KILLED BY A SHARK ATTACK IN THE BAHAMAS WHILE ON VACATION
