Osigu has announced the first closing of a Series B funding round in the amount of $25 million.

The mentioned company stated that it will use the money it receives to ensure the growth of its healthcare revenue cycle and claims management platform in the countries of Latin America and the Caribbean.

The specified platform leverages artificial intelligence and real-time payments to help streamline the process of making transactions between healthcare providers, patients, and payers. The relevant information is contained in the company’s press release.

Fernando Botrán, founder and chief executive officer of Osigu, stated that automation and digitalization of payment processes, including real-time transactions, allow the company to solve the root problems of the industry and empower suppliers and payers to focus on delivering high-quality medical care and efficient operations, being sure that payments will be accurate and timely.

The press release also noted that using automation and artificial intelligence technologies, the company’s platform connects industry players, streamlines the information flow, and reduces the number of errors.

Osigu operates in Mexico, Colombia, Brazil, Central America, and the Dominican Republic. Last year, the company processed 1.5 million transactions. Also, in 2023, the firm achieved a gross merchandise value (GMV) of over $650 million.

The company’s press release contains information that the funding round is led by DC Ventures, with Visa participating as a strategic investor.

As we have reported earlier, Obligo Raises $35 Million.