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Leapstack raised nearly RMB150 million in series C round financing
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Cyberport insurtech start-up Leapstack announced that it had raised a Series C round of RMB150 million. This round of fundraising was led by Legend Capital, followed by Peakview Capital, GF Qianhe Investment and Huazhi Capital.
Founded in 2016, Leapstack is the explorer of “RPA + AI” (Robot Process Automation + artificial intelligence) in healthcare insurance in China, offering services to regulatory bodies such as commercial insurance companies, medical insurance bureaus and audit departments with enterprise-level big data risk control solutions through the one-stop intelligent risk control platform.
By employing “RPA + AI”, Leapstack has built multiple platforms such as intelligent claim management platform for health insurance, intelligent investigation, intelligent audit of government healthcare coverage, long-term care intelligent management platform, big data anti-money laundering platform, big data governance platform, etc.
According to Jason Liu, the founder of Leapstack, the company integrated each link of claims process including case reporting, information extraction, adjustment, fee calculation, etc. It also developed a machine learning model and medical knowledge map to cater the needs of underwriting, claim settlement, customer service, and investigation in different types of insurance such as medical treatment and serious illness. These products support effective detection of the risk points in the process of underwriting and claims settlement at the data level, and precise cost control of all core links of insurance.
Up to now, Leapstack has inked close partnerships with hundreds of companies, including China Life Insurance, PICC, China Taiping, CPIC, China Insurance, Ping An Insurance, and many more.
Stable partnerships have been established in Hong Kong, Singapore, Vietnam and Thailand, and the risk control model and RPA + AI system have been successfully applied in local commercial insurance companies and medical insurance regulators.
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Hong Kong Cyberport Management Company Ltd
香港數碼港管理有限公司
Level 6, Cyberport 2, 100 Cyberport Road, Hong Kong
香港數碼港道100號數碼港二座6樓
Tel 電話:: (852) 3166 3800 Fax 傳真: (852) 3166 3118 Email 電郵: enquiry@cyberport.hk
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