Osigu raises $25m Series B and partners with Visa to streamline healthcare payments
Osigu, a US-based fintech operating an AI-driven healthcare revenue cycle and claims management platform, has bagged $25 million in a Series B funding round.
Osigu lands $25 million Series B funding
Founded in 2015 and headquartered in Florida, Osigu leverages cloud-based technology, AI, and real-time payments to streamline transactions between healthcare providers, payers, and patients across Latin America and the Caribbean. In 2023 alone, the company says it processed 1.5 million transactions with a total value of more than $650 million.
The Series B round was led by Danish VC firm IDC Ventures, which recently participated in Curve’s £58 million Series C extension and Lunar’s $38 million funding round.
Payments giant Visa also participated in the round as a strategic investor. Alongside its investment, Visa has also signed a “collaboration partnership agreement” with Osigu with the aim to create a healthcare payments infrastructure to tackle “persistent challenges in healthcare payment processes” across Latin America and the Caribbean.
By merging Visa’s payment infrastructure with Osigu’s expertise in the LatAm healthcare sector, the pair aim to introduce real-time payments solutions that help reduce “financial stress on healthcare providers by ensuring timely and accurate reimbursements”.
According to a company statement, Osigu claims that this partnership will enable healthcare providers to “access payment data, understand payment timelines, and improve cash flow through automated processes, all while reducing errors and administrative costs”.
