Care.fi, a healthcare-focused fintech building an AI-powered revenue cycle management infrastructure for hospitals, has raised $8 million in a Series A funding round.
The funding includes $5 million in equity led by July Ventures, with participation from Peak XV Partners, Accion Ventures, and Sadev Ventures, and $3 million in debt financing from Trifecta and Vivriti.
The fresh capital raised will be used to expand operations into additional Indian cities, accelerate international expansion across the US and the Middle East, and further invest in product development for its AI-powered healthcare operating system.
Founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi is a healthcare-focused fintech building an AI-powered revenue cycle management infrastructure for hospitals,
Its AI-driven platform helps hospitals manage documentation, coding, claims processing, and collections at scale, while its NBFC arm provides working capital solutions that enable predictable cash flows. Its systems are deployed across Ayushman Bharat and multiple large government and private insurance programs, supporting hospitals as operational complexity continues to rise.
The company claims to have recorded over 10% year-on-year growth in assets under management.
Recently, Care.fi has also acquired Aldun to make hospital discharge faster and less stressful for patients and their families, reducing waiting time after the final bill from hours to just 10 minutes.
It aims to scale from 10,000 to nearly 1 lakh discharges per month.
Vikrant Agrawal, co-founder, Care.fi, “This capital allows us to go deeper on our core mission: making healthcare revenue operations seamless and invisible for hospitals. We are building an AI-first healthcare operating system that takes care of revenue end-to-end, so hospitals can focus on patient outcomes, and patients can experience care with confidence and dignity.”
Sidak Singh, co-founder, Care.fi, said, “Healthcare delivery in India is scaling faster than the financial rails that support it. We are building Care.fi to be the underlying revenue infrastructure for insurance-led healthcare, one that brings speed, clarity, and trust to every discharge and every settlement.”
“At July Ventures, we back scalable, category-defining digital platforms. Carefi’s tech-led RCM platform tackles one of healthcare’s hardest problems, i.e. hospital cash-flow,” said a spokesperson from July Ventures.
Mohit Bhatnagar, Managing Director, Peak XV Partners, said, “Care.fi’s instant discharge solution demonstrates how innovation and trust come together to create world-class customer experiences.”
