Malaysia-based healthcare benefits management platform HealthMetrics on Wednesday announced that it has raised USD 5 million in a Series A funding round led by the Singaporean ACA Investments.
The company plans to use the fresh funding to expand across Southeast Asia, improve its products and services, and increase cost efficiency. It will start working with regional brokers and insurance providers and offer telemedicine, digital wellness, and preventive programs.
“Our aim was and still is to introduce innovative digital processes to companies for higher efficiency and productivity,” said CEO Alvin Yuan.
Established in Malaysia in 2015, HealthMetrics aims to simplify the healthcare benefits management process for companies, helping them increase productivity and cost-effectiveness while providing employees with “curated healthcare packages.”
The cloud platform, which includes a mobile app, connects companies to healthcare providers and utilizes data analytics to help companies keep track of healthcare spending. Its clients include firms like PricewaterhouseCoopers (PwC), Family Mart, and Pullman Hotels.