Insurtech

Indonesian insurtech Rey raises $3.5M

October 1, 2024

Here’s Indonesia’s Rey. This insurtech offers affordable digital health memberships for you to get the care you need when you’re sick—and when you’re healthy too.

Oh, and they’ve just raised a $3.5M seed extension.

Investor check. CyberAgent Capital, Arthazen Capital, and PT Gametraco Tunggal co-led the round. Existing investors Trans Pacific Technology Fund (TPTF), Genesia Ventures, and Reycom Document Solusi (RDS) also joined in!

🤒 Got you covered

ReyCare. When you’re sick, you can get unlimited free doctor’s consultations with the GP in-app and claim medicine prescriptions delivered straight to you.

  • You can easily book a doctor at any physical hospital and get it reimbursed too.

ReyCard. It’s a debit card you can use to pay for inpatient and outpatient care at hospitals. Say bye to the hassle of using cash, and claims will be a breeze.

  • It can be used at any hospital with an EDC machine for GPN debit.

ReyFit. Rey may be an insurance app that’s here for you when you’re sick, but they want you to be healthy. So, they help you build healthy habits. It’ll let you unlock ReyCoin and cashbacks!

  • Get ReyCoin as rewards for their healthy living challenges, like hitting a certain amount of steps or drinking water.

Apart from these, they’re also offering tech to traditional insurance firms.

  • They have a Generative AI expert system and electronic medical records (EMR) for claims and underwriting.

💰 What’s with the $$$?

They’ll keep building an end-to-end fully digital health service, beyond just insurance.

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