The Bayes Entrepreneurship Fund is pleased to announce our latest investment into Kirontech.

Kirontech’s offering combines an AI driven Health Insurance Platform (HIP) using machine learning to examine big data with speed and accuracy, and domain expertise with knowledge of traditional medical rules to detect, investigate and manage fraud, abuse, waste and errors (“FAWE”) in medical payments data. The solution aims to optimise decision making, reduce costs and improve overall outcomes for health insurers. It also improves the loss ratio for the global medical claims payment industry.

Kirontech exposes potential FAWE in global healthcare system. As an example ABC TV in Australia, in partnership with Synapse and Kirontech, broadcasted a programme in April 2024 exposing significant levels of potential FAWE in the Australian Healthcare system.

BEF are investing alongside existing investors Venture Capitalworks, and Critical Ventures, Big Start Ventures and Oneteir based in Portugal.

Linda Coyle, Investment Manager at the Bayes Entrepreneurship Fund, commented:
“BEF believe that Kirontech have a highly differentiated offering with a significant global addressable market, and are impressed by their experienced, market-leading team. They are building a strong network of key strategic partnerships to access local knowledge and local opportunities. We have been impressed by the approach and the progress made by Omar and the team and look forward to seeing their growth plans come to fruition.”

This is the fourth investment from BEF’s new £15m LLP.”