Well being Insurance coverage Platform Equipsme Surpasses £500,000 By way of Fairness Crowdfunding Marketing campaign on Crowdcube

Equipsme, a UK-based startup that’s aiming to democratize medical health insurance by making it an inexpensive actuality for companies of all sizes, has efficiently secured its preliminary £500,000 fairness crowdfunding goal on Crowdcube. The corporate is now providing 4.64% in fairness at a £10,922,896 pre-money valuation.

Based in 2017, 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 – overlaying individuals for less than what they want. Equipsme presents versatile fixed-price packages, with workers in a position to pay to improve and add relations for optimum peace of thoughts.”

Equipsme additional revealed that 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 Could ’20) with a 95% dealer renewal retention fee 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 corporations purchase medical health insurance for his or her workers, but 41% of workers need personal well being care. With a 53% improve in NHS therapy ready lists since 2012 and 15.4m work days misplaced to emphasize in 2018 – in a post-covid society, prioritising worker well being is not an choice.”

Funds from the Crowdcube spherical might be used to reinforce Equipsme’s consumer expertise and scale its advertising and marketing because it declares thrilling partnerships with Starling Financial institution and Merely Enterprise. The marketing campaign is ready to shut on the finish of July.