Startup and Funding

Healthech startup Fleri secures $100,000 from Rev1 Ventures Diversity, Equity & Inclusion Grant Fund

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Healthech startup Fleri secures $100,000 from Rev1 Ventures Diversity, Equity & Inclusion Grant Fund

Fleri, the health insurance marketplace, has secured grant funding of $100,000 from the Rev1 Ventures Diversity, Equity & Inclusion (DE&I) Grant Fund.

To support the growth of more diverse-led companies, the DE&I Grant Fund will deploy $600,000 in grants to foster the growth of six tech-enabled, high-growth companies led by women or founders of colour. The $100K grants will provide salary and benefits for underserved founders while building a pipeline of entrepreneurs who can dedicate their time to focus on building their businesses. With the investment vehicle, Rev1 Ventures seeks to help level the playing field for women and founders of colour in building high-growth companies. The grant fund is paired with educational workshops to create a pipeline of tech-enabled businesses.

Fleri is a health insurance marketplace on a mission to provide a frictionless way for immigrants to offer private health insurance for their families abroad, enabling millions of people in emerging countries to access quality healthcare. The company’s novel business model provides an alternative to sending cash home for medical expenses. Immigrants can purchase health insurance policies in Ghana, Nigeria, Zambia, or Zimbabwe for their loved ones for as low as $50 a month. The first product that Fleri launched, FleriHealth, saw hundreds of families sign up for it in its first year. The company also offers a prescription service where people can pay directly for medicine their loved ones need.

 

Source: Theinnovationspark.com

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