QubeHealth raised additional capital in its Pre-Series-A round, led by Inflection Point Ventures, Green Ivy Ventures, and various Family Investment offices. Keiretsu Forum and other existing shareholders also contributed to the undisclosed funding total.

Speaking on the funding, Chris George, Co-Founder & CEO, Qube said,

“Qube is changing the way Indians pay for their family’s healthcare. Integrating payment methods, no-cost medical loans, an open network of healthcare providers, we are on a mission to make healthcare payments, frictionless. This funding round adds to our pre-series-A corpus and gives us a runway of up to two years, while setting us up for our upcoming Series-A.”

QubeHealth allows users to borrow and pay for medical expenses that are not fully covered by insurance or non-cash bills, such as OPD visits. Users can access a pre-assigned credit limit, choose the desired amount, healthcare provider, and repayment period of up to one year, all with no interest or fees. Employees pay no fees for the credit line, while employers pay a small subscription fee on their behalf.

Despite not disclosing funding details, QubeHealth has activated Rs 1000 crore in medical credit for over 2 lakh employees across 270 Indian corporations. Over the next three years, the company plans to invest Rs 3000 crore in medical credit, allowing for quick payments to any healthcare facility in the country via its mobile app. Users' bank accounts, insurance reimbursements, employer payments, and Qube's interest-free credit line are all linked as part of this integration.