Osigu, a trailblazer in AI-powered healthcare revenue cycle and claims management, has successfully closed the first phase of its $25m Series B funding round.
The round was spearheaded by IDC Ventures and saw significant participation from Visa as a strategic investor. Osigu stands out as a key player in integrating healthcare and FinTech across Latin America and the Caribbean.
This funding is earmarked to redefine healthcare payment transactions across the region by enhancing interactions among providers, payers, and patients through cutting-edge technology and real-time payment solutions.
Osigu’s operational model is revolutionary, offering a fully digital, end-to-end revenue cycle and claims management platform. It addresses critical inefficiencies within the healthcare sector such as delayed payments and financial opacity by leveraging automation and AI technology.
The funds from this Series B round are designated for significant technological advancements and expansion efforts within key markets, including Mexico, Central America, Colombia, the Dominican Republic, and Brazil.
Fernando Botrán, Founder and CEO of Osigu, said, “Our partnership with Visa is a game-changer for the healthcare sector in Latin America. By digitizing and automating payment processes, including the adoption of real-time payments, we are addressing the root problems in the industry and empowering providers and payers to focus on delivering high-quality care and efficient operations, confident that payments will be timely and accurate.”
Eduardo Coello, Regional President for Visa Latin America and the Caribbean, said, “Visa is committed to developing innovative digital payments solutions to help improve people’s daily lives and enable businesses to operate with greater ease and efficiency. This partnership with Osigu is a testament to this commitment and we are thrilled to transform how payments happen in the healthcare industry in our region.
“Together we will enable an array of players in the healthcare sector, from consumers to hospitals and beyond, to overcome long standing challenges and meet the growing demand for a seamless, digital-first payment experience.”
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