CarePay a health financing technology company has been awarded the Entrepreneurs for Resilience Award plus a cash prize of Ksh. 30 Million by the Swiss Re Foundation.
The award is a recognition of company’s M-TIBA platform in helping millions of Kenyans to access and pay for healthcare. Currently, over four million people are registered on M-TIBA and it is available at more than 1,400 healthcare providers.
The award recognises entrepreneurial initiatives that take innovative approaches to building resilient societies and realising the United Nations Sustainable Development Goals. The 2019 award cycle for the Entrepreneurs for Resilience Awards focused on innovative solutions from all over the world that offer more and better access to healthcare for households in low-income communities.
M-TIBA started out as a mobile savings platform, with low transaction costs, for low-income Kenyans excluded from mainstream health insurance schemes. It now supports various sources of funding including; remittances from family members, employer payments, donor funding and health insurance. The platform has transformed the way Kenyans are paying for and accessing healthcare. It helps ensure that funds are spent on the right person, for the right care, in the right place.