This press release is issued by mySofie
mySofie, the application that facilitates the reading of your health reimbursements, announced today that it has raised €4.2 million (series A), confirming its ambition to move the health insurance sector towards a more accessible and transparent model for the provision of medical care.
CNP Assurances' Corporate Venture fund, Open CNP, joined the historical shareholders: AG2R LA MONDIALE via its ALM Innovation fund, CPMS and the founders of Digital Insure. This round of financing will enable the company to take a new step in developing its dedicated insurance offering, strengthen its teams and continue its growth.
While health expenditure represents an average of €3,350 per year per inhabitant (almost three times the minimum wage), and despite an investment of €38 billion for their health insurance, the French are forced to pay an additional €15 billion to make up the difference with their actual expenditure, i.e. a total budget of €53 billion each year. This observation calls for better control of health expenditure.
Founded in 2017, mySofie now gives French people the tools to becomeTo become actors of their health The free app allows users to manage their health budget, control their expenses and optimise their medical care consumption thanks to a daily analysis of their health protection. It allows users to centralise all of their family's health contracts on a single platform and to identify better the role of each player (compulsory and supplementary schemes) and therefore detect any shortcomings in their current cover.
With this round of funding, the start-up is launching new "seamless" insurance solutions and services that put the beneficiary at the heart of the process. Everyone can now take action to reduce and optimise their healthcare costs.
INVESTORS CONVINCED BY MYSOFIE’S VISION WHICH ASPIRES TO MAKE THE FRENCH ACTORS OF THEIR HEALTH INSURANCE
CNP Assurances' Corporate Venture fund, Open CNP, joined the historical shareholders AG2R LA MONDIALE via its ALM Innovation fund, CPMS and the founders of Digital Insure, a broker specialising in loan insurance. They were all convinced by mySofie's model and its future development plan to help French people understand their health budget.
MYSOFIE INVENTS A NEW SYSTEM FOR THE CONSUMPTION OF HEALTH COVER AND GIVES POLICYHOLDERS THE OPPORTUNITY TO ADAPT THEIR COVER TO THEIR NEEDS
- By reinforcing their guarantees with the myBooster offers.
mySofie automatically detects the remaining costs and immediately reimburses up to 75% without any additional formalities. A simple and transparent process for the user. - By offering cover focused on life's hard times and no longer on comfort with " packages " of which only half are used.
Based on a detailed analysis of its community's health consumption, the start-up plans to launch health insurance solutions in the near future that are adapted and adaptable to each and every person, focusing on hospitalisation in order to respect the purchasing power and care needs of users.
TEAM BEHIND THE TECHNOLOGY
En parallèle, mySofie poursuit son développement technologique, fondé sur l’intelligence artificielle, au profit d’une meilleure fluidité entre les acteurs, et au bénéfice des Français, à la fois consommateurs et patients.
At the same time, mySofie is continuing its technological development, based on artificial intelligence, to improve the flow between the players and to benefit the French people, both consumers and patients.
The two founders, Philippe Baranski and Aymeric Mehu, have put together a team made up of IT developers, data scientists, production, support, graphic designers, sales, marketing and communication staff who are pursuing this mission with ingenuity.
The French insurtech recorded more than 5.2 million visits in 2022 and will soon reach 500,000 members, five times more than when it last raised funds in March 2021.
This fundraising was carried out with the help of the Orrick consulting firm and Thibault LASSERRE, a lawyer at the Paris Bar, and the support of the Banque Publique d'investissement du Sud-Ouest.
About mySofie : https://www.mysofie.fr/