Bima Milvik
Founded Year
2010Stage
Private Equity - II | AliveTotal Raised
$144.2MAbout Bima Milvik
Bima Milvik provides digital health solutions in the healthcare industry. The company offers services such as telemedicine, discounts on medicines and lab tests, hospital cashback, and a health wallet with points. BIMA primarily serves underserved families across South Asia, Southeast Asia, and Africa. It was founded in 2010 and is based in Stockholm, Sweden. In October 2023, CapitalSG and LeapFrog Investments acquired a majority stake in Bima Milvik.
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Research containing Bima Milvik
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Bima Milvik in 1 CB Insights research brief, most recently on May 23, 2023.
Expert Collections containing Bima Milvik
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bima Milvik is included in 5 Expert Collections, including Fintech 100.
Fintech 100
498 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
SMB Fintech
1,231 items
Payments
3,033 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Insurtech
3,179 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
13,396 items
Excludes US-based companies
Bima Milvik Patents
Bima Milvik has filed 3 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/4/2011 | 4/17/2018 | Analytical chemistry, Molecular biology, Chromatography, Mass spectrometry, Ion source | Grant |
Application Date | 3/4/2011 |
|---|---|
Grant Date | 4/17/2018 |
Title | |
Related Topics | Analytical chemistry, Molecular biology, Chromatography, Mass spectrometry, Ion source |
Status | Grant |
Latest Bima Milvik News
Nov 3, 2023
India - English Share this article Share toX SINGAPORE, Oct. 23, 2023 /PRNewswire/ -- BIMA MILVIK, the global digital health and insurance company, announces its acquisition by CapitalSG and the completion of a successful restructuring and recapitalisation. CapitalSG, a Singapore-based investment and advisory firm, has acquired a substantial majority stake in the business, and injected fresh capital into BIMA MILVIK to help it grow to serve millions more underserved customers in coming years. LeapFrog Investments continues to be a minority shareholder and has also participated in the recent equity round. The transaction comes as BIMA MILVIK completes a restructuring plan to optimize its global functions and teams, setting it on course to achieve breakeven profitability in 2024. "BIMA MILVIK has entered a new phase of its life after a previous phase of rapid growth," said CEO and Co-Founder Gustaf Agartson. "Profitability has become our top priority, as well as the top priority of fintech investors globally. We are proud to welcome CapitalSG as our new shareholder. They have already helped BIMA MILVIK adapt rapidly to the new tech-funding environment and provided the essential capital to help us reach millions more underserved customers in the next decade." As part of CapitalSG's investment, BIMA MILVIK's holding company has now moved from Sweden to Singapore. BIMA MILVIK has trimmed its global markets and now operates across Ghana, Tanzania, Pakistan, Bangladesh, Sri Lanka and Cambodia, with technology operations in India. The company's digital health and insurance products already provide essential protection for 5 million subscribers and 20 million beneficiaries. Its proprietary tech platform enables sales, customer management, billing, health provider management and advanced analytics all on a single platform and has provided more than 3 million GP consultations to customers to date. BIMA MILVIK estimates there are ~2 billion people in emerging markets excluded from insurance coverage, representing an $50 billion addressable emerging middle-class opportunity for innovative mobile micro insurance products. ×
Bima Milvik Frequently Asked Questions (FAQ)
When was Bima Milvik founded?
Bima Milvik was founded in 2010.
Where is Bima Milvik's headquarters?
Bima Milvik's headquarters is located at Skeppsbron 18, Stockholm.
What is Bima Milvik's latest funding round?
Bima Milvik's latest funding round is Private Equity - II.
How much did Bima Milvik raise?
Bima Milvik raised a total of $144.2M.
Who are the investors of Bima Milvik?
Investors of Bima Milvik include LeapFrog Investments, CapitalSG, Allianz X, CE Innovation Capital, Axiata Digital and 6 more.
Who are Bima Milvik's competitors?
Competitors of Bima Milvik include Digit Insurance, Next Insurance, Inclusivity Solutions, Spruce, Snapsheet and 7 more.
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