Rey.id builds a holistic health ecosystem that merges telehealth primary care, claim adjudication, care management, and fitness features into a single platform intended to optimise user wellbeing and insurer claim performance. Moving beyond selling traditional health insurance policies, the startup provides a ‘Prevention to Protection Integrated’ membership model that bundles comprehensive health services in one subscription for both individuals and groups. Rey is also positioning itself as a technology provider to conventional insurers through a modernised third-party administration (TPA) offering that emphasises continuous preventive and curative engagement rather than purely transactional claim processing. Its platform incorporates innovations such as a generative-AI expert system and electronic medical records (EMR) to streamline health claims and underwriting, solutions that have already been adopted by several Indonesian insurance companies. The company’s strategy centres on making health insurance financially sustainable by reducing claim losses through active health management. Although specific revenue or user figures were not disclosed, management highlighted multiple 2024 milestones and growing industry uptake of its technology as proof points. Fresh capital will fuel further product development and rollout of new health memberships and TPA capabilities aimed at sustaining comprehensive health protection.

Total raised

$9M

Funding rounds

3

Latest round

Seed

Latest activity

Sep 2024