Medici

Technology-driven insurance and healthcare distribution platform for Vietnam

Distribution & Sales Growth Series A

Overview

Medici is a distribution and marketplace platform enabling a nationwide network of insurance advisors in Vietnam. The platform empowers over 15,000 advisors through the MediciPro technology suite, integrating insurance distribution with healthcare services to address Vietnam's low insurance penetration (2.8%) and underserved healthcare access.

Founded in 2019 by Duc Anh Ngo, an ex-Grab executive and Fulbright MBA alumnus, Medici operates as both a technology provider and distribution platform. The company partners with major Vietnamese and international insurers including Cathay Life, Liberty, Bao Viet, PVI, PTI, VBI, MIC, Bao Minh, and Chubb Life to deliver insurance products through its advisor network spanning 50+ provinces across Vietnam.

The platform demonstrates strong market traction with double-digit month-on-month growth, presence in over 80 branch offices, and corporate partnerships with major platforms including Shopee, Garena, VNPay, Wilmar, and GSK. Medici raised USD 8.5M in Series A funding in September 2022 from Jungle Ventures, Insignia Ventures Partners, and Wavemaker Partners.

Products & Services

MediciPro Platform

MediciPro is the core B2B technology platform enabling Medici's advisor network. The platform provides comprehensive tools for advisor management and customer acquisition, including data processing systems, e-training programs, content libraries for personal branding, and customer relationship management (CRM) functionality. The platform treats advisors as micro-entrepreneurs with complete operational support to manage their own insurance distribution businesses.

Key Features

Advisor CRM and business management tools
E-training and certification systems
Marketing and personal branding libraries
Policy management and processing
Integrated payment processing

Target Users: Insurance advisors and agents

Medici Care

Medici Care is the company's flagship health insurance product offering customizable coverage through a mobile-first application. The product provides comprehensive health insurance coverage including health check-ups, maternal health services, personal accident insurance, and preventative care. Product design leverages Medici's integrated healthcare ecosystem, enabling efficient claims processing and care coordination.

Key Features

Customizable health insurance plans
Integrated health screening services
Telemedicine consultations
Mobile app-based policy management
Claims processing and care coordination

Target Users: Consumers, corporate employee groups

Telemedicine and Healthcare Marketplace

Medici operates a broader healthcare ecosystem providing online doctor consultations, health screening services, and a marketplace for drugs and supplements. These services operate synergistically with insurance offerings to create an end-to-end healthcare and insurance solution.

Key Features

Online doctor consultations
Health screening and diagnostic services
Pharmacy marketplace
Integration with partner hospital networks

Target Users: Health-conscious consumers, insurance customers

At a Glance

Founded: 2019
Headquarters: Ho Chi Minh City, Vietnam
Employees: 151-300
Funding: Series A

Category & Focus

Category: Distribution & Sales
Subcategories: Digital distribution platform advisor marketplace insurance distribution network
Insurance Verticals: Life & Annuity P&C Health
Target Customers: Insurance Carriers, Agents, Consumers