UAE based health and insurance comparison service raised $1m in Series Seed funding, led by BECO Capital. The company seeks to simplify the process of finding the most efficient policies in Dubai or UAE.
Bayzat, a UAE-based comparison site for health insurance services, banking products and car insurance has received a $1 million Series A investment, led by BECO Capital. Bayzat allows individuals and companies to find, compare and buy insurance policies, credit cards, bank loans, saving accounts and other services. Users can also manage those via their mobile or the web. While a number of comparison platforms have launched in MENA over the last few years, Bayzat may be the first to attempt to simplify the health insurance purchasing process. According to Bayzat CEO and cofounder Talal Bayaa, the company’s services are popular with regional and multinational corporations operating in MENA who wish to offer their employees quick and easy access to insurance information, approved healthcare providers, claim forms and other documents.