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Newly Established Health Insurance Company Investment Opportunity in Nicosia, Cyprus

Global medical assistance company operating in 50 countries bridging gaps in traditional travel insurance.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Health Insurance
Locations  Nicosia
Local Time 10:43 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 590 thousand for 15.0% stake (Native Currency: EUR 500,000)
Reason: Looking for an angel seed pool round. Need funds to be ready to capture this year tourist season. ... View More
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Business Overview
- Unique market offering: The company aims to provide 24/7 local travel medical assistance in 50 countries, addressing gaps in traditional travel insurance.
- Extensive network: Will operate across an international network including 600 marinas and ports, targeting the safety of 1.6 billion tourists and yachters annually.
- Supplementary service: This comprehensive medical service policy is a separate supplementary policy complementing existing travel insurance, not bound by traditional insurance regulations.
- Digital sales platform: Policies can be conveniently purchased online using Stripe, enabling global customers to secure coverage aligning with their travel insurance period.
- Seed funding phase: Currently in the seed funding round, the company seeks investment to launch its comprehensive services and broaden its global reach.
- Strategic locations: With business operations based in Athens and Cyprus, the promoter plays a key role in business activities, ensuring alignment with regional markets.
- Licensed operations: The business has obtained an operating license to provide these innovative services, ensuring compliance and readiness for market expansion.
- Revenue model: Customers will buy our travel medical policies as per their requirements.
Products & Services Overview
24/7 local travel medical assistant service policy.
We give solutions to traveller’s health concerns.
Problem: What will happen to a patient and who will help them if they need local medical assistance, while in a foreign country?
Vision: To become the second global pillar, alongside traditional travel insurance delivering safety to global tourists, while being in a foreign country.
Assets Overview
We hold licensing from 2 European authorities, (Greece and Cyprus), enabling us to issue medical assistance policies that provide comprehensive local medical coverage for global travellers, worldwide.
We do not have any physical assets.
Facilities Overview
We are an international medical assistance company established in Cyprus with rental offices in Cyprus and Greece.
Capitalization Overview
Bootstraped growth so far.
Fully launched with zero debts / loans.
Has 2 founders with 93% and 7% stake.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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