Here comes MediConCen! They’re a Hong Kong-based startup that automates insurance claims using AI and blockchain. And they just raised a $6.85M Series A.

Investor check. HSBC Asset Management led the round, while G&M Capital, ParticleX, and Wings Capital Ventures joined in. 

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😷 The ABCs of MediConCen

Claiming is the most hassle part of the insurance journey. And in 2024, it’s time to make the process faster, for both claimers and claim assessors.

MediConCen leverages their Hyperledger Fabric Blockchain to make insurance claims easier for insurance companies, medical networks, and clinics. 

• Claim assessors can spot cases of fraud faster thanks to MediConCen’s AI model and decision rule engine. 
• It’s digital and AI-assisted. Their tech triggers smart contracts when specific policy terms are met.

Run the numbers! According to a statement, they serve more than 16 insurers and over 1M insured individuals. 

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🌏 What the future holds? 

They’ll accelerate their growth in the global market, starting with the Middle East and Southeast Asia.