BimaPay funding, investors and company details

BimaPay is an emerging Insurance startup from New Delhi, working in the space of FinSureTech / InsurTech (insurance premium financing & digital lending platform). Founded by Hanut Mehta, Kapil Garg, Mohit Gupta.

Company: Bimapay Finsure Private Limited
Sector: Insurance
Location: New Delhi
Founders: Hanut Mehta, Kapil Garg, Mohit Gupta

Company overview

BimaPay is a FinSureTech (insurance + fintech) platform focused on transforming how insurance is financed and accessed in India. Operating under the Mufin Group, the company combines digital lending technology with insurance distribution, enabling customers to pay large insurance premiums in smaller, manageable EMIs instead of upfront lump sums. The core business of BimaPay revolves around insurance premium financing solutions, including individual, corporate, and surrender value financing. Its platform integrates with insurers, lenders, and intermediaries to create a seamless ecosystem where users can get instant approvals, real-time credit assessment, and quick policy issuance through a completely digital process. BimaPay leverages technology to simplify the entire lending journey from onboarding and credit checks to disbursement making insurance more accessible and affordable. By removing the burden of high upfront premiums, it helps increase insurance penetration and supports financial inclusion, especially for individuals, SMEs, and underserved segments. Additionally, the company operates through a partner-driven model, collaborating with RBI-regulated lenders and IRDAI-approved insurers to ensure trust, compliance, and scalability. Its solutions not only benefit customers but also help insurers improve policy conversion rates, intermediaries expand reach, and lenders grow their loan portfolios. Overall, BimaPay positions itself as a digital insurance financing enabler, using technology, automation, and partnerships to make insurance more affordable, flexible, and widely accessible across India.

Funding rounds

Latest round (Pre Series A): Undisclosed Amount, 2024-05-14. Investors: LC Nueva Investment Partners LLP, Lighthouse Canton