Insurtech startups MediConCen and OneDegree secure funding for international expansion.
Hong Kong insurtech startup MediConCen has secured $6.85m in a Series A funding round led by HSBC Asset Management, taking its total funding to $12.7m. The firm uses blockchain technology to automate medical insurance claims and has helped more than one million policyholders, working with 16 insurance firms. The funds will be used to expand into the Middle East and Southeast Asia. Meanwhile, Hong Kong-based start-up OneDegree has received an undisclosed investment from Dubai Insurance, which will help the firm expand in the UAE.
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