Zencey and Tribease Announce Strategic Partnership to Democratize Health Insurance with BNPL
Zencey delivers flexible and efficient health coverage for small and midsize businesses with its combined AI medical assistant, virtual and in-person visits, preventing unnecessary medical visits and empowering individuals to manage their health independently.
Connected into Tribease’s BNPL platform, it will make health insurance more accessible to a broader audience.
Understanding the Zencey and Tribease Partnership
Zencey and Tribease are joining forces to soon bring a novel approach to health insurance in Côte d’Ivoire. Together, they aim to create a more flexible and accessible health insurance model that can cater to a broader audience.
What is BNPL?
BNPL, or Buy Now, Pay Later, is a financing option that allows customers to purchase products or services and pay for them in installments over time. Typically associated with retail purchases, BNPL is now making its way into new sectors, including healthcare.
How Does This Partnership Work?
Zencey will leverage Tribease’s BNPL technology to offer health insurance plans that can be paid for in installments. This means that individuals and businesses can access comprehensive health insurance without the burden of upfront costs, making it easier to manage their finances.
Why is This Partnership Important?
This partnership is significant because it addresses a critical issue in the healthcare industry—affordability. By allowing consumers to spread the cost of health insurance over time, Zencey and Tribease are making it more accessible to those who might otherwise be unable to afford it.
Benefits for Small and Midsize Businesses
Small and midsize businesses stand to gain significantly from this partnership. Here’s how:
Employee Benefits
Offering comprehensive health insurance is a significant advantage for attracting and retaining talent. With BNPL solutions, small and midsize businesses can provide better benefits without straining their budgets.
Financial Management
Managing cash flow is a challenge for many small businesses. By allowing them to pay for health insurance in installments, BNPL solutions can help businesses manage their finances more effectively and ensure they can provide essential benefits to their employees.
Boosting Employee Morale
Access to quality health insurance can have a positive impact on employee morale. When employees feel that their health and well-being are taken care of, they are more likely to be engaged and productive at work.
About Zencey
Zencey is a Techstars-backed company making quality health care more accessible and affordable for millions of uninsured individuals and workers across sub-Saharan Africa, using artificial intelligence, telehealth and carefully crafted health plans.
About Tribease
Tribease is a Pan African virtual credit platform that allows customers to freely consume products and services from registered merchants and pay later. Tribease’s mission is to ensure a safe, simple and efficient yet very secure way of paying and clearing your bills. Our promise is to make bill payment and Utility payment stress-free and convenient for our users.