UAE based health and insurance comparison service raised $1m in Series Seed funding, led by BECO Capital. The company seeks to simplify the process of finding the most efficient policies in Dubai or UAE.
While a number of comparison platforms have launched in MENA over the last few years, Bayzat may be the first to attempt to simplify the health insurance purchasing process. According to Bayzat CEO and cofounder Talal Bayaa, the company’s services are popular with regional and multinational corporations operating in MENA who wish to offer their employees quick and easy access to insurance information, approved healthcare providers, claim forms and other documents. “Even though we are the only player today, the health insurance sector will undoubtedly attract competitors,” Bayaa said. “There is still a long and exciting road ahead for us, so we need to stay focused on continuing to execute our strategy to capitalize on our first mover advantage.”