QubeHealth-Pay Secures Series A Funding to Expand Healthcare Payments Ecosystem

Mumbai-based healthcare payments platform QubeHealth-Pay has successfully completed its Series A funding round with a valuation of Rs 416 crore ($44 million). Esteemed investors such as Unicorn India Ventures, IA Growth Opportunities Fund, Brew Opportunities Fund, Finvolve Ventures, FirstPort Capital, and Maithan Family Office have participated in this round. The specific amount raised has not been disclosed. In November of the previous year, the firm secured funding from Unicorn India Ventures and CanBank Venture Capital Fund for its pre-Series A round.

The funds acquired will be dedicated to enhancing the company’s platform, broadening its healthcare payments ecosystem, and facilitating future entry into international markets, including the Middle East and Southeast Asia.

Overview of QubeHealth-Pay’s Services

Founded by Chris George, QubeHealth-Pay presents a fintech platform centred on healthcare that allows users to settle medical bills across hospitals, clinics, pharmacies, diagnostic centres, and physicians without network limitations. Additionally, the platform offers cashback rewards and provides options for healthcare financing for expenses excluded from insurance coverage.

User Engagement and Growth Statistics

The company highlights that over 200,000 families and more than 700,000 individuals currently utilise its platform. Users engage with the app an average of 9.3 times monthly for healthcare payments.

Financial Performance and Future Goals

In fiscal year 2026, QubeHealth-Pay processed Rs 100 crore in healthcare payments and is expected to exceed Rs 240 crore in fiscal year 2027. The goal is to reach $1 billion in payment volume by the end of fiscal year 2030.

Partnerships and Clientele

The startup has established partnerships with over 15,000 healthcare providers across diverse categories such as diagnostics, dental care, eye care, dermatology, and mental health. Notable enterprise clients include Walmart India, Flipkart, Tata Teleservices, Equitas Small Finance Bank, and Omnicom Group.