Amsterdam’s CarePay raises €5M to expand its digital health insurance management platform

Amsterdam-based CarePay, a health insurance management platform, has secured €5M in fresh funding from Invest International.

This follows a previous investment from Reinsurance Group of America, Incorporated (RGA) and the Health Insurance Fund (HIF), which is supported by the Dutch Ministry of Foreign Affairs.

Eelco Benink, Head of Equity of Invest International, says, “CarePay makes health insurance more affordable, accessible, and personalised—particularly in countries where the healthcare insurance landscape is fragmented. We’re proud to support a company that is transforming  healthcare access with Dutch tech at its core.”

Making healthcare more affordable and accessible

Founded in 2015, CarePay provides a platform that helps health insurers and third-party administrators digitise and manage their operations across pricing, products, member interactions, and care access.

It uses real-time data and AI to automate claims, detect fraud, and analyse member behaviour. CarePay connects payers, providers, and members to manage costs and improve care access.

The company operates in the health insurance sectors of East Africa and the MENA region. Reported results include lower healthcare costs by up to 15 per cent and provider payments processed 95 per cent faster.

Capital utilisation

CarePay is growing its presence beyond Sub-Saharan Africa, with new operations underway in the Middle East. 

The company’s platform supports real-time portfolio management for health insurers and meets data and security standards, including GDPR compliance and ISO 27001 certification.

Pieter  Prickaerts, CEO of CarePay, says, “Digital and AI transformation in health insurance is no longer optional—it’s a must. This investment helps us support insurers in building smarter,  more profitable portfolios. It means better access to care and more personalised solutions for  members.”