Last deal

$15.M

Amount

Series B

Stage

15.06.2022

Date

6

all rounds

$21.8M

Total amount

General

About Company
iCare Benefits is a social enterprise that provides a buy-now-pay-later solution for women factory workers in developing countries.

Industry

Sector :

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Also Known As

iCBG, iCare Group, iCare Benefits

founded date

01.01.2013

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

iCare Benefits partners with manufacturers, distributors, banks, and service providers to offer a comprehensive buy-now-pay-later solution to women factory workers earning $100-500 per month. This enables workers to access basic life-changing products and services at the lowest cost. Through their employment status, workers can qualify for installment finance to purchase items like mobile phones and appliances. iCare Benefits empowers low-income employees by increasing their purchasing power with deferred payment and interest-free options. Qualified members are provided with a retail platform offering 0% interest and 6-month installment payments.
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