Flipkart Secures $170 Mn Internal Funding from Singapore Parent Company

BimaPay is a lending service that enables digital insurance premium financing, completing the entire process in 7-8 minutes, from onboarding to disbursement.

BimaPay Overview:

BimaPay aims to increase insurance penetration in India, providing flexible payment options and expanding the customer base for partners like brokers, agents, and POSPs.


BimaPay secured $2 million from LC Nueva Investment Partners, a joint venture between Singapore’s Lighthouse Canton and Delhi’s Nueva Capital, for tech innovations.

Recent Funding:

With the new funding, BimaPay plans to expand operations, enhance technology, build a stronger partner network, and reach underserved markets to promote financial inclusion.

Expansion Plans:

BimaPay offers insurance premium financing, making insurance more affordable by providing flexible payment options, handling everything digitally and instantly.

Innovative Features:

BimaPay provides custom financing options for hospitals, garages, and individual policyholders, covering the gap between claim approval and payment.

Financial Support:

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