Investing in Health | July 27, 2023

Desaisiv raises $2 million to expand health insurance in the Middle East

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, July 27 – Wealth extremes between oil-rich countries like Saudi Arabia, middle-income countries like Jordan, and unstable economies like Lebanon and Syria mean wide disparities in access to good healthcare.

Jordan-based Desaisiv makes AI-based software to underwrite health insurance, lower costs and boost adoption of healthcare policies. Desaisiv aims to help insurance providers become “smarter, more efficient, and, most importantly, tailored to customer needs,” said co-founder Saed Khawaldeh.

500 Global, Terra VC, angel investors and family offices backed the company’s early investment round. CrossBoundary Advisory’s team in Jordan advised the deal.

“Expanding the reach of insurance products can enable more people to access coverage that aligns with their specific needs,” explained a spokeswoman for CrossBoundary Advisory.

Desaisiv’s technology benefits in particular small insurance companies, by helping them to offer more competitive policies, and small businesses wanting to offer health insurance to their workers, she added.