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Successfully funded
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Equipsme aim to democratise health insurance by making it an affordable reality for businesses of all sizes. Founders are formerly of AXA PPP Healthcare and have achieved 130.5% growth YoY. Equipsme is raising investment to bring health insurance to more people and disrupt the health benefit market.
- 5-year exclusive Insurance Capacity deal with AXA PPP Healthcare
- 95% broker renewal retention rate & 130.5% member growth YoY
- Partnership with Starling Bank as part of self-employed product launch
- Backed institutional investors & UKBAA Angel of the year 2019
The current investment round forms part of a wider funding round that began in March 2020. The progress bar includes £371,651.80 from shares already issued as part of this round. All shares in the round shall be issued at the same price and carry the same rights.
Idea
Only 5% of UK companies buy health insurance for their employees, yet 41% of employees want private health care. With a 53% increase in NHS treatment waiting lists since 2012 and 15.4m work days lost to stress in 2018 - in a post-covid society, prioritising employee health is no longer an option.
Equipsme is on a mission to democratise health insurance by making it an affordable reality for businesses of all sizes. We think businesses and the self-employed deserve better when it comes to employee healthcare packages which is why we’ve made it simple - covering people for only what they need.
Equipsme offers flexible fixed-price packages, with employees able to pay to upgrade and add family members for maximum peace of mind.
Members can speak to a GP 24/7, have physio sessions, regular health checks and, if necessary, be quickly referred to a consultant for diagnosis and treatment, all managed through a simple to use app.
Since Feb’18 we have secured an exclusive 5-year insurance capacity deal with AXA PPP Healthcare, built an award-winning product, grown our members by 130.5% YoY (to May '20) with a 95% broker renewal retention rate and recently launched our solo product to cater to a largely untapped market of 5m self-employed.
Investment will be used to enhance our user experience and scale our marketing as we announce exciting partnerships with Starling Bank and Simply Business.
