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Company Overview
SaveIN operates in the healthcare sector, specifically within the fintech sub-industry focused on credit and lending. The company was founded on December 25, 2021, and is part of the Y Combinator W22 batch. SaveIN connects people with quality healthcare practices near them and enables them to split their medical and wellness bills into monthly instalments. It aims to address the issue of high out-of-pocket healthcare expenses in India, where medical inflation stands at 15% per annum.
Locations and Reach
SaveIN is headquartered in Delhi, DL, India, but caters to regions including India, South Asia, and offers remote and partly remote services. The company boasts a network of over 5000 healthcare practices across India, which utilize their platform to offer instant, monthly payment plans for healthcare services to millions of high intent customers.
Team and Work Culture
SaveIN has a team of 60 employees and promotes a work culture of openness and flexibility. The company emphasizes getting things done and building a WOW factor. It provides a working environment with high impact challenges, diversity and inclusion, and a better work-life balance. Additionally, SaveIN is currently hiring for various positions, underscoring its commitment to growth and expansion.
Products and Services
SaveIN offers a 100% digital process for healthcare partners, allowing them to get started in just 3 minutes. The company enables customers to split their entire medical and wellness bills into monthly instalments, facilitating easier access to healthcare. SaveIN also operates 24x7 to ensure seamless support for its partners and customers. The platform is well-received, with a rating of 4.8 on both the Play Store and App Store.
Impact and Industry Statistics
SaveIN aims to mitigate the burden of out-of-pocket healthcare expenses in India, where over 80% of healthcare costs are borne by individuals. Despite only about 10% of Indians having private health insurance, SaveIN provides a viable financial alternative. By allowing patients to pay in monthly instalments, SaveIN helps bridge the gap between healthcare costs and affordability.
