Meet Vietnam's Medici! They're here to make healthcare and insurance more accessible and affordable. Now, they've raised a Series A to go even further! The amount's hush-hush, but here's what we know:

• They have double-digit MoM growth and 35 branch offices across almost 40 provinces in Vietnam.
• Huge opportunity. Vietnam's got an extra low 2.8% insurance penetration rate, even by emerging market standards.
  

Investor check. Jungle Ventures led the round. Insignia Ventures Partners and Wavemaker Partners also joined in.

• They raised a Pre-Series A co-led by Jungle Ventures and Wavemaker early this year.

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❓ How it works

Rewind. Medici started by offering healthcare services like telemedicine, health screenings and a marketplace for medication through their partner doctors, clinics and hospitals. Just head to their website — they've got all you need!

Then, they launched their insurtech arm to offer insurance through their network of top insurance providers, including Vietnam's top 10 life and non-life insurance companies.

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🫢 What's key to their growth?

Their new MediciPro platform. Instead of replacing insurance advisors, it allows them to become "micro-entrepreneurs," adapt to the shifting insurance landscape and better serve customers.

• It helps them process data and improve operations.
• It also has a ton of tools that help advisors level up, like e-training programs and content on personal branding and customer relationship management.

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💰 What's with the $$$?

They'll be doubling down on their tech infrastructure and continue empowering their Medici advisor network through training, recruiting and marketing. And, of course, they'll continue capturing market share!