Well being Insurance coverage Platform Equipsme Is Set to Shut Crowdcube Spherical With Almost £600,000 Raised

Equipsme, a UK-based startup that’s aiming to democratize medical insurance by making it an inexpensive actuality for companies of all sizes, is ready to shut its fairness crowdfunding marketing campaign on Crowdcube with almost £600,000 in funding from greater than 440 Crowdcube traders.

As beforehand reported, Equipsme equips companies with a wise and cost-effective method of offering sensible Well being assist for his or her workers.

“We predict companies and the self-employed deserve higher on the subject of worker healthcare packages which is why we’ve made it easy – masking individuals for less than what they want. Equipsme gives versatile fixed-price packages, with workers capable of pay to improve and add relations for optimum peace of thoughts.”

Equipsme famous since February of 2018, it has secured an unique 5-year insurance coverage capability take care of AXA PPP Healthcare, constructed an “award-winning” product, grown its members by 130.5% YoY (to Might ’20) with a 95% dealer renewal retention price and not too long ago launched its solo product to cater to a largely untapped market of 5 million self-employed.

“Solely 5% of UK firms purchase medical insurance for his or her workers, but 41% of workers need personal well being care. With a 53% improve in NHS remedy ready lists since 2012 and 15.4m work days misplaced to emphasize in 2018 – in a post-covid society, prioritising worker well being is now not an possibility.”

Funds from the Crowdcube spherical shall be used to boost Equipsme’s consumer expertise and scale its advertising because it broadcasts thrilling partnerships with Starling Financial institution and Merely Enterprise. The corporate is now providing 4.64% in fairness at a £10,922,896 pre-money valuation.