MediConCen

AI and blockchain-powered insurance claims automation for insurers and healthcare networks

Claims Technology Growth Series A

Overview

MediConCen is a claims automation platform for insurance carriers and healthcare networks, focused on AI-driven and blockchain-verified end-to-end claims processing. Founded in 2018 and headquartered in Kowloon, Hong Kong, the company targets insurers operating across APAC markets including Hong Kong, Mainland China, Vietnam, Malaysia, and Saudi Arabia.

The platform combines intelligent document recognition, real-time fraud detection, and patented smart contract technology built on Enterprise BSN blockchain infrastructure. Claims can be submitted and processed through WhatsApp, a mobile app, or web interface, enabling cashless and paperless workflows across insurer, clinic, and policyholder touchpoints. Google Cloud powers backend infrastructure, and the system meets ISO 27001:2022 and SOC 2 Type 2 security standards.

MediConCen raised a Series A round of USD 6.85M in 2024 led by HSBC Asset Management, bringing total funding to USD 12.7M. Seed investors include G&M Capital, ParticleX, and Wings Capital Ventures. The company serves a policyholder base exceeding one million across multiple insurance carriers and healthcare networks, and has expanded operations to Vietnam with global growth plans underway.

Products & Services

Claims Automation Platform

An end-to-end insurance claims processing system that automates intake, verification, fraud screening, and settlement using AI document recognition and blockchain smart contracts.