Singapore-based Smarter Health raises $4.1 mil

• Funds to be used for product development, expansion into SEA
• Orbit Malaysia, Citrine Capital, HMI Group, and Emtek participated in this round

Healthtech startup Smarter Health announced that it has secured US$4.07 million (RM16.9 million) in Series A funding in a round led by East Ventures. Other strategic investors include Orbit Malaysia, Citrine Capital, HMI Group, and Emtek. 

In a statement, the startup said the funds will be used primarily for product development and market expansion in Southeast Asia into the Phillipines and to Hong Kong as well, says a spokesperson.

“We are excited to partner with East Ventures and other strategic investors to realise our vision of making healthcare ‘accessible, affordable and accountable’,” said Liaw Yit Ming, chief executive officer of Smarter Health.

“We look forward to collaborating with more insurers, healthcare providers and doctors to achieve this vision,” he added.

Willson Cuaca, co-founder and managing partner of East Ventures said the Covid-19 pandemic has forced insurers and healthcare providers to reflect and re-strategise their operations and to catalyse digital transformation. 

“Smarter Health is here to make healthcare accessible, affordable, and accountable by providing an AI-powered interoperable platform. We look forward to supporting them in resolving inefficiencies in healthcare processes between stakeholders in the healthcare ecosystem,” he added.

Led by seasoned senior executives across the full spectrum of the healthcare ecosystem, the team at Smarter Health brings deep domain expertise in healthcare operations, medical insurance and third-party administration. The company’s unified platform facilitates secure data exchanges between insurers, healthcare providers and patients throughout the entire healthcare journey. 

This enables the use of data to guide decision-making for patients as well as improve the accuracy and speed of claims processing. Future developments will drive greater operational efficiency, effectiveness and improve customer experience.

Having achieved traction in Singapore, Malaysia and Indonesia, Smarter Health will also be doubling down on these existing markets, while expanding its suite of solutions.